(MEMPHIS, Tenn., March 20, 2006) -- Aerospace Products International, Inc. ("API"), a wholly-owned subsidiary of First Aviation Services, Inc. (Nasdaq: FAVS) and leading provider of innovative distribution and supply chain services for the aviation industry, announces that Flight Options has chosen API's ESP(SM) (Electronic Supply Program(SM)) Rotables Management solution to manage the recertification cycle and associated logistics of their life raft and survival equipment inventories. Flight Options, operator of approximately 200 fractionally-owned corporate aircraft including the world's largest fleet of Beechjet 400As, will also benefit from API’s large inventories of Beechcraft spare parts.
ESPSM is API's web-based inventory management service that uses a handheld Pocket PC / barcode scanner and hosted database to allow customers to track inventory transactions, view global inventory status and automatically replenish stocks. ESP(SM) now also offers additional solutions including Rotables Management, Tool Room Management and Shelf-Life Management.
ESP(SM)'s Rotables Management solution enhances API's supply chain management services by providing customers with the data and visibility required to optimize a pool of rotable assets. Some of the benefits of ESPSM’s Rotables Management solution include:
- Consolidated worldwide visibility of rotable inventories by serial number
- Real-time logistics and transportation management
- Repair vendor management
- Transactional data and reporting
"Flight Options' decision to use API's ESPSM Rotables Management solution is proof, yet again, that API's supply chain management innovations provide clear value to the aviation industry," says Paul Fanelli, API's President & Chief Executive Officer.
Implementation of ESP(SM) requires no IT investment. ESP(SM) is web-based and can be used from any computer with Internet access. API also helps implement ESP(SM), including stockroom set-up and barcoding.