Boeing suppliers are developing "a sense of acceptance" that the manufacturer's push for a 15 percent reduction in supply chain costs won't ease up even as the economy improves, an informal survey of several major suppliers by Canaccord Genuity finds. Whether the push will succeed remains to be seen.
The goal of industrial asset management, or IAM, is to maximize the value of a company's assets. An effective IAM solution can make the business more efficient, reduce downtime and improve service delivery. And yet, for many companies, the current IAM operating model just isn't cutting it. For original equipment manufacturers or OEMs in particular, the IAM function leaves a great deal of unrealized potential on the table – in some instances, up to 20 percent service cost reduction, 15 percent revenue enhancement, and 15 percent asset up-time improvement.
China's investment of billions of dollars in a domestic commercial aviation industry has yet to result in a commercially viable aircraft and is unlikely to do so for the foreseeable future, according to a new RAND Corporation study.
SAI Global Compliance, a provider of governance, risk and compliance (GRC) products, services and technology, is offering complimentary use of a video-based ethical awareness to aerospace and defense, and manufacturing organizations with global operations, through May 15, 2014.