Abstract
The research aims to find the factors that cause high inventory value, increase the value of forecasting precision, service level and cost efficiency with fishbone diagrams and proposed methods. The research sample is 9 spare parts included in classification A in the ABC analysis and maintenance list 2018. Forecasting methods use Moving Average, Single Exponential Smoothing and Syntetos-Boylan Approximation as well as Mean Square Error calculation, deterministic inventory calculation and Continuous Review Method. The results of this study are an increase in logistics costs by $ 808.71 in the inventory management proposal. An increase in service level from 95% to 99% and the error value in the calculation of the proposal becomes smaller using the proposed method. This study also found that the factor causing the high inventory value was due to inaccurate planning methods so that other comparative methods were needed that could increase the precision of demand forecasting.
Highlights
Background of ProblemsIn the current situation, the world aviation industry was experiencing rapid development, based on a study released by the International Civil Aviation Organization (ICAO), which has an increase in the number of aircraft passengers per year from 2000 to 2017
This study found that the factor causing the high inventory value was due to inaccurate planning methods so that other comparative methods were needed that could increase the precision of demand forecasting
The world aviation industry was experiencing rapid development, based on a study released by the International Civil Aviation Organization (ICAO), which has an increase in the number of aircraft passengers per year from 2000 to 2017
Summary
Background of ProblemsIn the current situation, the world aviation industry was experiencing rapid development, based on a study released by the International Civil Aviation Organization (ICAO), which has an increase in the number of aircraft passengers per year from 2000 to 2017. The peak in 2017, there are 3.9 billion passengers worldwide are using planes and currently increasing in number (World Bank, 2018). It does not stop there, there has predicted by International Air Traffic Association (IATA) research tells that in 2036, passengers who choose air transportation will double compared to 2016, which around 7.8 billion passengers (IATA, 2018). Based on these data, all aviation business supporters from operators, airports, MRO, and other aviation business stakeholders must be prepared to capture this considerable business potential. Among the many factors that affect the improvement of MRO competitiveness against other competitors, managing spare parts inventory is one of the keys in increasing competitiveness because it can affect the quality of MRO services to the operator who demands that aircraft maintenance be completed on time and have good quality work results following civil aviation standards
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Dinasti International Journal of Management Science
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
