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Industrial Studies Exam (7 Benefits of Contract Management System (Manages…
Industrial Studies Exam
Future Aviation Industry Challenges
5 Benefits of Reliability Data
Millions of Annual Savings from:
Reduced Delays
Cancellations
Reduced Non-Routine Maintenance
Through trend monitoring (routine data collection and analysis), operators and manufacturers can maintain higher reliability
Determining unique issues from each individual operators compared to others
Ensure a continual maintenance program development
Determine which modification has a better payback through comparisons of other operators
4 Outsourcing Advantages and Disadvantages
Advantages
Fixed Costs
MRO Companies Competitive Charges (Lower Price Opportunities)
More Attention to the core airline business
New Airline ( no money for a MRO facility)
No hangar slots
Disadvantages
Logistics ( Additional Transportation Costs)
Quality and Production Control (Quality not up to standard)
Contractual Penalties (Missing booked hangar slots)
Incomplete MRO capability (Maintenance Delays)
ON/OFF Maintenance and Direct/Indirect Maintenance Costs
Direct
OFF
Engine Related Maintenance which are needed to be done outside
ON
Airframe Related Checks which are not as expensive as the Engines
Direct Maintenance Cost is known to be the overall costs that covers the airframe, engines, labor and materials for repairs
Indirect
Indirect Maintenance costs are practically the total overhead costs which are costs that don't have revenue
7 Benefits of Contract Management System
Manages the transactions of the airlines daily (purchases, prices, payment terms) that can impact the cost savings
Enhance control and performance over the contracts with suppliers to secure benefits and cut losses
Better control on the airline expenditures
Manages Supplier Relationships through the SPM (Supplier Performance Metrics)
Enhance the alignment of all stakeholders, suppliers, everyone
Storing important contacts and prevent them from loss.
Finds the KPI of the contract life cycle management
Airfield Terms
Stopway
Area beyond runway which is used for slowing down when takeoff is rejected
Clearway
Includes the stopway and an area where an aircraft can start its initial climb at a certain height
Decision Speed
It is the aircraft speed in which the aircraft can no longer stop and must commit to flying
Runway
An aerodome prepared for aircraft landing and takeoff
Runway Strip
Green Areas or Surrounding area which can reduce damage to aircraft in an event of an accident
5 Main Benefits for Benchmarking
Find Airline KPIs (measurable value)
Find Cost Optimization Opportunities
Find Solution with tedh problems through meetings with OEMs and MROs
Find inefficiencies in its processes and
operations
Helps Airline to Gain and Sustain Competitive Advantage
How to reduce holding costs and optimize aircraft parts inventory?
Make plan with OEMs (Original Equipment Manufacturer) to reduce inventory holding such as EXCHANGE SCHEMES
Optimize materials stock and keep sufficient minimum to avoid operation issues from No Go items