Logo Traker PM

AERONAUTICS - Optimisation of overall plant inventory levels

AERONAUTICS

Optimisation of overall plant inventory levels


CONTEXT

  • Production of acquisition equipment for the aeronautics industry and energy
  • 16,000 active references (RM, WIP, SF, FG, MRO)
  • Average hedge inventories > 4 months
  • 32% of references in stock without rotation for 5 years or more

GOALS

  • Reduction of the average inventory value
  • Management of promises to customers
  • Centralisation of inventory management

TRAKER APPROACH

TRAKER APPROACH

Analysis
of stock and
flow extractions
over 5 years

Analysis
of practices
by department

As-is mapping

Identification
and calculation
of optimisation
levers

Definition of the
improvement
plan

Carrying out Quick-Win actions

2,5 Months2 Months

KEY LEVERS

  • Review of the PFEP strategy
  • Making the production master programme more reliable
  • Review of supplier logistics conditions
  • Adaptation of parameters for calculating requirements
  • Remove idle inventories
  • Redesign of governance of inventory management

ZOOM

Distribution of inventories

Distribution of inventories

Topic-by-topic improvement programme

Topic-by-topic improvement programme

Implementation and calculation of Quick-Win levers

1. PFEP optimisation

1. PFEP optimisation

Guaranteeing production lead times

2. Guaranteeing production lead times

Review of safety stock

3. Review of safety stock


RESULTS

POTENTIAL FOR SAVINGS

- 15%
in overall inventory value

SAVINGS FROM
QUICK-WIN ACTIONS

400 K€
reduction in inventories measured
- 20%
in procurement lead times for 22%
of component references

ORGANISATION & STEERING

  • Scaling of a central inventory management function
  • Definition of target KPI