Question
How do you manage stock in corona time?
“With the differentiated approach as advised by Gordian, we met both our goals, with only limited amendments to our Inventory controls models”. René Lagendijk, Forecasting & Inventory Manager
Approach
Using a classification as a basis for new inventory strategies
Proponent is the largest independent aircraft parts distributor in the world. Just like many other businesses, the aerospace industry has endured a substantial blow by the COVID-19 virus. Due to a dramatic decrease in flying hours, Proponent faced a significant reduction in spare part demand with large variations per product line. In cooperation with Gordian, a segmented and tailored approach was developed.
Result
Supporting the journey to the new normal
The model developed is not a static model, supporting a once-only intervention. The COVID-19 change ratios are dynamic, in turn leading to a dynamic classification. This means that we can provide accurate stocking parameters now but also in our journey to the new normal – whatever that may be. Using that dynamic character, cashflow will be limited throughout the complete journey while still providing the best possible service to all aerospace clients.
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