Duncan Aviation’s parts consignment program sold $1.07 million in consignment parts and rotables last year and saw the number of consigners increase by nearly 30 percent. Customer parts are stored in Duncan’s warehouse until sold. During the process, the consigner retains title to the inventory. Duncan Aviation also protects the consignor in case the purchaser defaults on payment and maintains insurance against casualty and subsequent loss.
Supply chain management
Summer is typically a time the pre-owned market experiences a seasonal bump in inventory, as buyers are out using their jets to get to their favorite summer destinations and aren’t necessarily thinking of buying. This year, however, has been somewhat uncharacteristic and today’s supply of used jets is just about where it was when the year began. The lack of any wild gyrations could be a welcome sign of stability.
Component Control has released a new version of StockMarket.aero, a free online aviation parts e-marketplace. According to the company, enhancements include intuitive usability and navigation, making it quicker and easier to find qualified aviation services and parts. Stockmarket.aero lists more than 40 million line items of inventory and capability from more than 2,300 aircraft parts vendors. “Our goal with this upgrade is to provide more data at a glance, to improve the buyers’ experience and vendor visibility,” said Jason Cordoba, director of StockMarket.aero.
Boeing’s well-documented development struggles with the new 787 Dreamliner raised questions over the wisdom of its plan to reduce the number of its suppliers and to place more responsibility with them for design and management of their own supply chains.
Construction is nearing completion on A J Walter Aviation’s 60-acre headquarters and logistics campus near London Gatwick Airport. The site will include a headquarters office and storage facilities for the company’s inventory of Airbus and Boeing components and consumables.
Nexus Flight Operations Services, the Arabian Gulf-based business aviation support group, is extending its operations into Europe. Here at the EBACE show the company announced its new Nexus Europe joint venture with French air transport logistics group Flytrans.
The latest Selected Acquisition Report on the Lockheed Martin F-35 program has updated the Pentagon’s cost estimates. The eight international partners may take some comfort from the predictions of future unit recurring flyaway costs, once full-rate production begins. That is, if they defer the majority of their buys until then, which seems increasingly likely. The report also details the schedule delays that were officially approved last December.
Component Control, at Booth No. 7321, has released “Remote Inventory,” an inventory management tool for Component Control’s core product, Quantum Control. Its users can set minimum and maximum inventory levels online, then track, manage and bill upon consumption for inventory co-located at any customer facility. The Remote Inventory program accelerates replenishment of stock to keep up with work in progress.
Nordam has named Jeff Chalupa general manager of domestic operations for its transparency division. In his new role Chalupa will oversee engineering, production, operations, supply chain and purchasing, maintenance, quality and customer program management. His emphasis will be on leading growth, development and technology enhancement. Chalupa joined Nordam in 2007 in a management capacity and has held positions of increasing leadership since that time.
By most accounts the fourth quarter of last year was active. While not atypical for that period, the activity was a good sign for the market that tradition seems to be intact, or at least reestablished after being pushed off course a few years ago. With the U.S. economy doing incrementally better, the hope is that this activity will spill into the first quarter and beyond. Many eyes now are cast upon Europe, where last month S&P lowered its credit ratings on nine nations.