Component Overview

Float Requirement is the quantity of spares to be maintained to meet the desired service levels. The “Manage Float Forecast Plan” screen enables the user to generate Forecast Plan that can be invoked in predefined frequency for float computation. The various criteria for Float Forecast Plan generation will be referencing to Part Attributes, Pool, Customer attributes, Aircraft attributes, etc..

Float Computation will be done based on various participating parameters that can be derived from multiple transactions or manual entry or from the master definition. The parameters based on which the float computation is performed are Utilization History, Utilization Projection, Unscheduled Demand Removals, Scheduled Demand Removals, Scheduled Demand Projections, MTBUR, Purchase Turn Around Time, Repair Turn Around Time, Scrap Rate, Purchase Costs, Repair Costs and Service Levels.

The forecasted values are optimized and the float quantity is computed. The float optimization is performed using statistical methods.

Getting familiar with the pages inside

Go to page…	For…
Maintain Time Types for Lead Time	Maintaining Time Types for Lead Time
Manage Costs	Manageing Costs
Manage Demand	Managing demand
Manage Float Forecast Plan	Managing Float Forecast Plan
Manage Float Plan and Run	Manage Float Plan and Run
Manage Lead Time	Managing Lead Time
Manage MTBUR	Managing MTBUR
Manage Scrap Rate	Managing scrap rate
Manage Utilization	Managing utilization
Manage Lead Time Definition	Managing lead time definition
Set Float Management Parameters	Setting float management parameters
Manage Default Lead Time Definition	Managing default lead time definition
Manage Float Run	Managing float run
Review Float Results	Reviewing float results