A study on technique of inventory management system with respect to aviation spare parts

Abhishek S. Rao and Naresh Nayak

International Journal of Services and Operations Management, 2017, vol. 27, issue 2, 284-291

Abstract: In the aviation industry, reliable spare parts supply is essential for continuous aircraft operations. This paper reviews one of the inventory techniques in the aviation industry. Spare parts that are of high value are repaired and returned to stock after removal from the aircraft. This study is to analyse the inventory level technique for helicopter spare parts used for manufacturing. Around 677 items are taken into considerations for analysing the inventory of one manufacturing unit. The paper represents inventory planning method that calculates optimum level of inventory management in aviation industry. This paper is based on exploratory research with secondary data collected from a company based in Thailand. The purpose of this classification is to ensure that purchasing staff use resources to maximum efficiency by concentrating on those items that have the greatest potential savings, selective control will be more effective than an approach that treats all items identically.

Keywords: aviation; ABC analysis; Thailand; inventory management. (search for similar items in EconPapers)
Date: 2017
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