Being able to go anywhere anytime is one of the benefits everyone wants to enjoy. TheAviation Expert Servicessuggest you get a private jet when you have a hectic travelling schedule. It benefits in multiple ways and brings luxury in a package. Buying a private plane is not a big deal at all. It involves some of the tricks and considerations. Here we are discussing five of the necessary things you need to know before signing a deal for your private aircraft.

Check the business trips frequency

The distances you will be, covering with your jet is something you should assess before buying a private jet. If most of your trips are within the Euro zone. So, there is no need to invest in the private plane in the range of 6000+km. If more than, 10% of your flights are longer than 6000+km range; your broker will more than likely try to find a model with 9,000 km to 12,000 km range at the least investment. If more than, 10% of your flights are longer than 6000+km range, or your trips are regularly outside the Euro zone, so it must be essential to get a private jet.

Typical passengers on board

You should take into consideration the type of passenger that will join you on the jet. What will be the average size of your party? You must consider these essential things before striking a deal with a private jet aircraft broker. Size is the most important thing in aircraft, which should be in consideration as well. Some cabin feels minuscule, which is depending on your size, so you should consider the size of the cabin as well you, should accommodate your passenger of all height and sizes.

A new or used jet to buy

It is the key question that many people thought who are purchasing a private aircraft for the first time. Mostly, people agree on buying a new jet aircraft, which is better than old models because of their comfort speed, fuel consumption’s, and safety. On the other hand, old planes can cost much more for its maintenance.

New aircraft have much more features that make them more versatile. On the other hand, the old jet aircraft can be temping a variety of reasons. It may cause many problems. If you can get any recent model aircraft in the used category with lesser maintenance cost and good performance. Then it is better to strike it instead of a new one.

Benefits that balance the costs

Buying a private jet is not like getting you a smart device. A complete aircraft involves many other things on board such as plane crew, maintenance crew, airport spaces and much more. You will need many people and facilities to manage it. All these things seem to be tricky and expensive. If you look at the other side of the picture, such as the benefits coming out of this deal, then you may feel good. It is necessary to think about the benefits and savings you will be able to make as a whole against a specific cost for one time.

Taking trial flight

Never lock the deal with your private aircraft before having a trial flight. You should see how it looks when you are at a height of about 6,000 ft. Get your crew on board with the broker to ensure it is working good and safe for long-term flights. It helps you to have the overall inspection of the plane. Eventually, you will be able to end up with a better deal.

Bottom line

Purchasing a private aircraft involves several concerns and things to review. It is never too easy and quick to make a decision especially when you are doing it for the first time. Considering some of the necessary and basic things will help you to make a logical and profitable deal out of it. Remember never buy a private aircraft without any need. Just because you want to have, one cannot be proper reasoning of investing huge money into an aircraft. Justifying the need to buy the jet it necessary as it makes your investment valid and satisfactory at the same time.

Inventory KPI is important in any customer-oriented organization, from suppliers down to the end users. In the aviation industry, for instance, the end users may be the pilot, the flight crew or the passengers. With the field of aviation changing its business paradigm into something new, so does its inventory KPI as well.

Newer business models are currently being used in the aerospace industry. The focus may be on the use of narrow jets, wide bodied jets, low-cost carriers and many others. Inventory KPI is important in the supply of service facilities at global locations that are strategically dispersed to enable proper aircraft servicing. Many airline companies see just how important it is to be able to provide full service to ensure competitive edge. Moreover, in a military environment, tracking of inventory KPI is of even crucial importance as well, especially with the escalating use of net centric warfare and rapid reaction.

Also, new players with a varied geographical spread are entering the commercial aviation business. Especially in the aerospace industrys globally interdependent environment, effective and efficient management in logistics can spell a huge difference between profit and loss.

Good inventory management and measurement of inventory KPI can boost airline operations, resulting to an increase in sales and more economic benefits for locations where these airlines operate. Traditional inventory KPIs for handling stock control include ABC classification for parts based on frequency of use and value; measurement of stock turns and service level responsiveness and recording the rate of daily receipts.

These measures show that airline companies can boost its competitive edge when there is proper cash management for acquired goods and services. In fact, this particularly holds true when interest rates and inflation rise. Cost of holding stock increases subsequently and can even go up to about 20 to 30% of the items cost, to store it for a year. Proper inventory management can reduce operating costs by minimizing the space needed for operations, thus making it easier to gain higher profit margins and market share.

Many leaner operations and sophisticated supply networks in the aviation industry operate under the new business paradigm. Inefficiency can lead to financial repercussions in terms of aircraft on the ground (AOG) situation. This is why it is important to enhance and get maximum leverage in managing the inventory control system to incorporate the end-to-end supply chain.

While various departments also come with their own objectives, the key here is to effectively communicate both externally and internally within the organization in order to arrive at a level that is strategic to the businesss operational execution.

Organizational inventory KPI must be associated to its supplier base, in order for the supply chain to be working well towards the same objectives. This is especially important in key supply chain activities which include management of the supply chains risk vulnerability and ensuring the supplys security.

Apart from the importance of logistics and warehousing to strategic and operational success in the aviation business, inventory KPI should be dynamic and must go with the organizations strategy. For instance, inventory KPI should show that lean operations are in line with the activities in the supply chain.