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Aerospace & Defence
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Aircrafts are complex beings. A typical aircraft could use five million spare parts : both rotable and non rotable parts. Airlines are focussed on increasing market share. On the hand they face margin pressure due to emergence of low cost airlines and falling ticket prices.
Aqua MCG team of experts can help in procurement of chemicals (engine oil, cleaners, paints, dopes etc), tires, rotables needed for running and maintenance of aircrafts, forecasting, inventory classification and management, warehouse storage facility selection, JIT, safety and storage processes for hazardous items, total supply chain cost studies resulting in cost benefits and service level improvements.
Aerospace and Defence industry major focus is on building a diligent supply chain with emphasis on stringent quality control measures. With economy opening up and cost of flying becoming cheaper, the rise of the low cost carriers is ever on increase. As the capacity reaches maximum utilisation, the need to have an agile supply chain becomes more pressing. Similarly, Defence industry objective is to provide the warfare equipments at the right place and at the right time in order to successfully complete a mission, thus, a responsive supply chain, maintaining the quality of the warfare goods becomes critical.
Aerospace sector is characterized by manufacturers that not only construct aircrafts, engines, space vehicles but also provide repair and maintenance services. There has been a shift in this industry in the past years from a goods providing sector, to one that provides a complete package, including both services and goods. The Aerospace sector has traditionally incorporated Six Sigma measurement processes which are concentrated on product quality and not JIT lean manufacturing. Although Six Sigma continues to be a major driver, JIT lean manufacturing has lately integrated the set of key drivers for the industry as well. This enables Aerospace industries to increase their level of mass customization and decrease delivery times, while maintaining a high level of quality.
Globalisation has presented today’s aerospace industry with variety of challenges, some of which are:
- Compressed time schedules
- Global competition and increased product complexity
- Collaboration with the tier 1 and sub tier suppliers in order to help them move up the value chain focussing on consistent and reliable deliveries
- Sky high fuel prices and falling demand driving production to low cost countries presenting more complex supply chains
- Increasing capacity of the supply chain to deal with very stiff ramp up demands
- Consolidation of the suppliers at tier 1 and tier 2 level owing to the ever decreasing margins
- Using IT as a strategic tool rather than an enabler
Quality of the delivered product and on time delivery comes out as clear winners when measuring the performance of the aerospace and defence industry. In a cyclical market for aircraft deliveries, any time lost in the industry up-chain is directly proportional to lost revenues. Hence industry is very sensitive to delayed deliveries. Further, without a strict control of quality in a highly regulated market, the firm would not be able to satisfy other performance metrics such as on time delivery and cost control if the product required rework and repeated testing.
Some of the solutions that Aqua MCG offer, understanding the nuances of the aerospace and defence industry are:
- Supplier selection and segmentation
- Collaborative product development and procurement
- Supplier management and development
- Facility and capacity planning in accordance with the industry cycles
- Inventory management on JIT principles for most of the products, IM for after-market service products
- Lean production management using the pull signals at each stage
- Transportation and warehousing using 3PL service providers
- Service management vis-a-vis different pricing structure for different customers, marketing etc.
At Aqua MCG, we understand that the supply chain issues faced by aerospace and defence industry are very peculiar in comparison to other manufacturing industry and with our domain knowledge and industry expertise, we are sure to add value to each engagements we have with clients from this sector. |
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