If you’re a Dash 8 operator, aircraft MRO, or lessor, this post is for you.
This is your go-to resource for the current major Dash 8 components we have available now or in the near term.
Bookmark this page as it’ll be updated often.
Do you have surplus aircraft part inventory?
This unnecessary buildup occurs when you order inventory in preparation for near term consumption.
When that consumption never occurs. Voila! Surplus inventory builds up.
Here’s the impact that this causes to your operation.
It’s not the price you pay, how business savvy you are, or how excellent your negotiation skills are. This is the MOST IMPORTANT skill you need when purchasing aircraft parts.
Your surplus aircraft material was sitting. Rotting. Wasting away on your shelves.
Slowly eating away at your operational results. Chomp. Chomp. Chomp.
Cash was being sucked down the surplus drain. And the only thing you could do was…
Price. How important is it to you? How often do you try and get the lowest price? I’m sure you’re thinking to yourself, “It’s incredibly important.” and “Every chance I get.” And that’s fair. It’s also common to ask how much something costs. Or to reduce the cost of something. We often use price and cost interchangeably. That’s a mistake.
Do you have surplus aircraft part inventory?
This unnecessary buildup occurs when you order inventory in preparation for near term consumption.
When that consumption never occurs. Voila! Surplus inventory builds up.
Here’s the impact that this causes to your operation.
It happened again.
Maintenance requested more expendables for a routine task card and yet again, you haven't dealt with the material since 1999.
Now, you have to go source and purchase this material. And more than likely, maintenance needed it yesterday.
When you hear the 3 letters, A-O-G, it makes you cringe.
Your heart rate starts to race, your palms begin to sweat and you frantically think I-have-to-fix-this-now.
AOG are stressful. But if you're prepared before the AOG, it’ll make your aviation life much easier.
Are you consuming the same 100+ expendables and consumables over and over again?
If so, you'd be crazy to ignore the powerful impacts of a vendor managed inventory. The title might deceive you. You think vendor + inventory...no thanks. That's just giving them a sale.
Wrong!
If done right, with a win/win mindset, you could cut 30 - 90% of your total material costs (not the same as material price, read more here) instantly.
Do you purchase expendable and consumable material from international partners?
If you're like most airlines, MROs, lessors and militaries we work with, your answer is…YES! Duh!
By sourcing material from overseas partners, you’re trying to control total material costs and increase reliability.
Expendables and consumables. The inglorious material that gives you a headache.
You know the feeling. You get a 100 part requirement. Or 200. Or 1,000. And your head wants to explode.
In our previous post, we talked about how to cut a huge amount of money from your operating expenses.
Now, let’s talk about how to cut 20 hours a week from your purchasing activities.
First, think about what those 20 hours mean to you. Is it more time with family? A hobby? The ability to work on higher level projects?
Are you purchasing aircraft material daily?
Like most airlines and MROs, it is important to complete projects, keep aircraft in the air and make money.
But what if, everything you thought about purchasing was costing you more money? The money you didn’t know was seeping through the cracks as hidden operational expenses. Money not on the POs you send, but hidden in everything that surrounds the PO.
Not long ago having a lot of inventory was common. It was "smart", and the industry norm. You had something when you needed it...if you ever needed it.
I used to think this way as well.
I'd wake up every morning, sip on my coffee, and wonder how I was going to keep plenty of stock. Always. But then one morning I woke up and the coffee smacked me clear across the face.
You can’t decide. Do you need a vendor consignment or a vendor managed inventory for your aircraft material? These terms get thrown around interchangeably but they’re actually quite different. We wouldn’t call a zebra a lion now would we? Let’s take a look at the relationship of these two inventory strategies…
