In the aircraft parts world, speed matters. If properly applied, it reduces inventory, saves money and assures components are where they need to be when they are needed. The trick is flowing those parts through the system more quickly. That is the aim of Southwest Airlines’ recently initiated “Project Velocity,” an effort that promises a 5-7% reduction in per-aircraft parts inventory, according to Peter Requa, director of supply chain management. “We expect to take our per-aircraft ...
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