Value Analysis Leads to Cost Savings for Aerospace Industries
Bronson Jones
President & CEO
Banner Metals Group

Forecasts are predicting strong growth in the commercial and defense aerospace industries during the coming year, driven by increased demand for passenger travel and increased defense spending globally. In the commercial sector, there was a record high backlog of aircraft unit production at the end of 2017. However, the aerospace industry demands extremely stringent quality measures regardless of growth rate.

There are many suppliers capable of meeting these quality level demands, so how can one producer stand out? A successful supplier of aerospace parts must look for every opportunity to increase value and reduce lead time while maintaining the required high level of quality.