#TM11 An overview of recent literature on spare parts inventories
#TM11 An overview of recent literature on spare parts inventories W.J. Kennedya,*, J. Wayne Pattersonb , Lawrence D. Fredendallb 3.1. Management issues ( PARAGRAF1) ENGLISH He points out that the airline industry is slow in adjusting to de-regulation and is lagging behind other industries in effectively reducing inventory. In just this industry the monetary impact of spares inventory is staggering and when others are considered the reason for a call to improve spares management is obvious. On the other hand, more technical research is required to design and test parts of models to describe how we can improve existing systems. The literature here seems linked to actual problems in industry that provide a vehicle for generating new approaches to spares management. Foote [19] performed a case study at the aviation supply office regarding the implementation of a new forecasting system. He focused on the philosophy, mathematical principles, and system design features