Boeing and Honeywell sign contract for innovative supply chain solution

from expresstravelworld.com

Boeing has signed an agreement with Honeywell Aerospace that will allow them to significantly reduce an airline’s maintenance costs by providing expendable parts. The companies teamed up as part of Boeing’s Integrated Materials Management (IMM) initiative. Through this program, Boeing and suppliers like Honeywell maintain an airline’s inventory of spare parts – providing items as needed. By reducing the airline’s own inventory, IMM reduces the airline’s cost of doing business. Honeywell is a supplier of consumable hardware products and services and a distributor of standard, proprietary and hard-to-find parts. They provide 725,000 parts from 150 global manufacturers and 2,600 suppliers.

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