Right Part, Right Time, Right Places
By By Bob Trebilcock . Source: Overhaul & Maintenance .
Inventory management can be boiled down to a simple concept: it's all about having the right part, at the right place, at the right time, in the right quantity and at the right price. While the five Rs of inventory management apply to all industries, they are critical to overhaul and maintenance operations. No one wants to have an aircraft sitting on the ground because a “no-go” component is sitting in a warehouse in London when it's needed in Miami. For that reason, operations managers would like nothing more than store rooms bursting with just-in-case inventory ...
