Strategic Inventory Management In An Aerospace Supply Chain PDF Download
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| Author | : Joseph Peter Mauro |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
Download Strategic Inventory Management in an Aerospace Supply Chain Book in PDF, ePub and Kindle
This paper introduces multiple methods to set and optimize inventory levels. These methods are then classified based on the complexity involved to implement them. As an organization develops a deeper understanding of inventory, it becomes more mature and can apply more complex methods. This sequencing of methods is defined as a three phase maturity model. First, a foundational level of maturity is defined, which quantifies inventory levels based on future demand and business requirements. Second, a transitional level of maturity defines safety stock positioning in a single-echelon supply chain. Finally, the maturity model concludes with an optimal level of maturity that is based on principles of multi-echelon inventory optimization: safety stock at multiple positions of a supply chain. The setting for this paper was the Aerospace industry. Honeywell Aerospace is in the middle of a 3-year effort to re-engineer Sales, Inventory and Operations Planning (SIOP) systems. At the same time, Honeywell Aerospace is standardizing on a uniform implementation of an ERP system. Through SIOP, standard inventory and planning practices aided by the uniform ERP backbone and a strategic inventory program executive management hopes to reduce what is seen as a disproportionate contribution of inventory to Honeywell International.
| Author | : Billy Si Yee Lo |
| Publisher | : |
| Total Pages | : 67 |
| Release | : 2007 |
| Genre | : |
| ISBN | : |
Download Inventory Optimization in an Aerospace Supply Chain Book in PDF, ePub and Kindle
Strategic inventory management has become a major focus for Honeywell Aerospace as the business unit challenged itself to meeting cost reduction goals while maintaining a high level of service to its customers. This challenge has become particularly important as customers have steered their purchase decisions from focusing only on capability and quality to including cost performance as well. To do so, Honeywell Aerospace's Planning and Asset Management group is undertaking a three-year effort to re-engineer its inventory planning systems with the goal of increasing planner productivity, improving supply chain responsiveness, and reducing overall inventory. This internship forms the building blocks of this strategy by leveraging existing software available in the industry and applying it to Honeywell's supply chain. Through two pilot programs with different supply chain designs, this internship analyzed the cost and benefit of transforming the company's inventory management strategy. In addition, this internship attempts to identify the challenges associated with such an enormous change, compare them with challenges with implementation in other industries in order to prepare management for full implementation across all product lines. These challenges range from leadership buy-in and information readiness to implementation feasibility both within Honeywell manufacturing and its suppliers.
| Author | : Brian Robert Masse |
| Publisher | : |
| Total Pages | : 49 |
| Release | : 2011 |
| Genre | : |
| ISBN | : |
Download Inventory Optimization in High Volume Aerospace Supply Chains Book in PDF, ePub and Kindle
The supply chains of aerospace products can be complex, involving thousands of components per product and hundreds of vendors spaced out over an increasingly global landscape. Managing all inputs necessary for these complex aerospace supply chains is a task that is critical to the success of any firm and requires extensive planning, close partnerships, and detailed analysis. This thesis outlines a system for optimal safety stock management in high volume aerospace supply chains. Given such supply chain parameters as component inventory values, procurement and manufacturing lead times, demand distributions, and bills of material, the ideal safety stock locations and sizes which result in minimal overall inventory levels are calculated by a nonlinear optimization program. With this safety stock structure, aerospace firms can operate their supply chains with higher customer service rates and lower inventory levels. A methodology is also developed to help aerospace companies improve their existing supply chains as efficiently as possible. Considering the limited time and resources available, a company may not be able to enhance all areas of its operations and determining where to improve with the greatest effect on customer service levels and inventory can be difficult. The framework developed provides general guidelines to ensure improvement resources are being deployed most efficiently. Finally, business environment and operations considerations are discussed to aid companies in the process of implementing supply chain improvements and instituting organizational change.
| Author | : CSCMP |
| Publisher | : Pearson Education |
| Total Pages | : 208 |
| Release | : 2014-03-19 |
| Genre | : Business & Economics |
| ISBN | : 0133448843 |
Download The Definitive Guide to Inventory Management Book in PDF, ePub and Kindle
Master and apply both the technical and behavioral skills you need to succeed in any inventory management role or function! Now, there’s an authoritative and comprehensive guide to best-practice inventory management in any organization. Authored by world-class experts in collaboration with the Council of Supply Chain Management Professionals (CSCMP), this text illuminates planning, organizing, controlling, directing, motivating and coordinating all the activities used to efficiently control product flow. The Definitive Guide to Inventory Management covers long-term strategic decisions; mid-term tactical decisions; and even short-term operational decisions. Topics discussed include: Basic inventory management goals, roles, concepts, purposes, and terminology Key inventory management elements, processes, and interactions Principles/strategies for establishing efficient and effective inventory flows Using technology in inventory planning and management New approaches to inventory reduction: postponement, vendor-managed inventories, cross-docking, and quick response systems Trade-offs between inventory and transportation costs, including carrying costs Requirements and challenges of global inventory management Best practices, metrics, and frameworks for assessing inventory management performance
| Author | : Steven Allan Wessels (Jr.) |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 2011 |
| Genre | : |
| ISBN | : |
Download Improving Inventory and Distribution in an Aerospace Parts and Service Organization Book in PDF, ePub and Kindle
Hamilton Sundstrand has made several changes to their supply chain in recent years, including increased offshore and outsourced production, new service offerings and relocation of facilities, to meet shifting business needs to remain a top competitor in the aerospace systems industry. This thesis reviews the distribution network of their aftermarket parts and service business to ensure that Hamilton Sundstrand meets customer needs through efficient supply chain design and aligning business strategy with inventory planning. A review of the current state is employed to locate gaps in strategic design, operating efficiencies and customer service levels. Improvement opportunities identified in the current state analysis are addressed with proposed alternatives to adjust the distribution network to meet current and future needs while minimizing cost and maintaining or raising service levels. The combined proposals of relocating distribution center volumes, reducing on hand inventory at co-located sites and closing a forward stocking location are estimated to result in over one million dollars in annual cost savings.
| Author | : Edward A. Silver |
| Publisher | : CRC Press |
| Total Pages | : 810 |
| Release | : 2016-12-19 |
| Genre | : Business & Economics |
| ISBN | : 1466558628 |
Download Inventory and Production Management in Supply Chains Book in PDF, ePub and Kindle
Authored by a team of experts, the new edition of this bestseller presents practical techniques for managing inventory and production throughout supply chains. It covers the current context of inventory and production management, replenishment systems for managing individual inventories within a firm, managing inventory in multiple locations and firms, and production management. The book presents sophisticated concepts and solutions with an eye towards today’s economy of global demand, cost-saving, and rapid cycles. It explains how to decrease working capital and how to deal with coordinating chains across boundaries.
| Author | : Klaus Richter |
| Publisher | : Springer |
| Total Pages | : 290 |
| Release | : 2016-12-13 |
| Genre | : Business & Economics |
| ISBN | : 3319461559 |
Download Supply Chain Integration Challenges in Commercial Aerospace Book in PDF, ePub and Kindle
This book presents firsthand insights into strategies and approaches for the commercial aerospace supply chain in response to the numerous changes that airlines, aircraft OEMs and their suppliers have experienced over the past few decades. In doing so, it investigates the entire product value chain. Accordingly, the chapters address the challenges of configuration and demand, and highlight the specificities of customization in the aviation industry. They analyze component manufacturing, share valuable insights into assembly and integration activities, and describe aftermarket business models. In order to ensure more varied and balanced coverage, the book includes contributions by researchers, suppliers, and experts and practitioners from consulting companies and the aircraft industry. Taken together, they provide a holistic perspective on the transformation drivers and the innovations that have either been implemented or will be adopted in the near future. The book introduces and describes new concepts and innovations such as 3D printing, E2E demand management, digital production, predictive maintenance and open innovation in general, supplementing them with sample industrial applications from the aviation sector.
| Author | : Amanda J. Schmitt |
| Publisher | : |
| Total Pages | : 190 |
| Release | : 2008 |
| Genre | : |
| ISBN | : 9780549654865 |
Download Strategic Inventory Management for Supply Chains Subject to Supply Uncertainty Book in PDF, ePub and Kindle
We study the impact of supply uncertainty on inventory management policies. We focus on how supply uncertainty affects not only the optimal settings for inventory levels, but also how it can impact the strategic choices made for inventory system design.
| Author | : |
| Publisher | : |
| Total Pages | : 56 |
| Release | : 2002 |
| Genre | : |
| ISBN | : |
Download Supply Inventory Management: Defense Logistics Agency Aviation Investment Strategy Program Book in PDF, ePub and Kindle
The audit objective was to evaluate the effectiveness of the DLA investment strategy to improve supply support to aviation weapon systems by increasing the stockage levels of consumable repair parts. We reviewed the management control program as it applied to the audit objective. See Appendix A for a discussion of the audit scope and methodology, our review of the management control program, and prior coverage.
| Author | : Mohit Tiwari |
| Publisher | : |
| Total Pages | : 192 |
| Release | : 2005 |
| Genre | : |
| ISBN | : |
Download An Exploration of Supply Chain Management Practices in the Aerospace Industry and in Rolls-Royce Book in PDF, ePub and Kindle
(cont.) In particular, the thesis involves a deeper exploration of the aircraft engine manufacturing business segment of Rolls-Royce and strives to understand the company's supply chain management practices, by examining the role of major factors that have proven crucial to effective supply chain management within the company. The thesis also presents more specific case study examples that track the implementation and results of major supply chain management initiatives. Finally, the supply chain design and management practices are analyzed from the perspective of their role in the company's business strategy. This is accomplished by employing a number of business strategy frameworks to understand the key factors that determine the competitiveness of a tier one supplier in the aerospace industry, such as Rolls- Royce, and by examining how those factors have affected Rolls-Royce's supply chain management strategies and practices.
