Boeing and Etihad Engineering announced a renewal of their Tailored Parts Package agreement at MRO Europe. The customized, long-term agreement improves supply chain predictability and operational efficiency by shifting the complexities of parts procurement and inventory management to Boeing.
Why it matters:
More predictable parts supply and spending can make it easier for Etihad Engineering to plan resources and improve operational efficiency.
How it works:
Under Boeing’s Tailored Parts Package program, customers commit to purchasing an agreed-upon group of parts during a contract term, while Boeing manages supply chain execution.
- The program is designed to simplify parts procurement and inventory management.
- Tailored agreements can offer predictable pricing and help customers plan costs.
What they’re saying:
- “When parts planning is more predictable, customers can make better-informed operational decisions,” said William Ampofo, Senior Vice President, Parts & Distribution and Supply Chain, Boeing Global Services. “This agreement brings Boeing’s parts and distribution capabilities together to help Etihad Engineering get the parts it needs, where and when they are needed.”
- “As one of the world’s leading MRO service providers, dependable access to parts is essential to delivering the quality, reliability, and turnaround times our customers expect,” said Daniel Hoffmann, Chief Executive Officer, Etihad Engineering. “Renewing our Tailored Parts Package agreement with Boeing strengthens our supply chain, improves planning, and enables our teams to focus on providing efficient, high-quality maintenance solutions to customers from around the world.”