Prop Shaft Supply, Inc.
Prop Shaft Supply, Inc. Reduces Lead Time and Cost with NFTD Forging Tool and Supplier Database
This aerospace and defense manufacturer avoids backorders in its supply chain by using a best-in-class system to identify and locate critical parts and suppliers. As a result, the company has reduced administrative lead time (ALT) and production lead time (PLT) from months to days by providing single-point access to data for 230,000 forging tools.
- Avoid backorders in supply chain
- Identify and locate critical forged parts and suppliers
IHS Markit Supply Chain Management with IHS Markit Haystack
- Reduced administrative lead-time (ALT) and production lead-time (PLT) from months to days
- Saved several months and $44,000 by avoiding a costly backorder for two drive yokes used on M-113 Personnel Carriers
- Single-point access allows users to quickly and accurately search databases for parts and suppliers for 230,000 forging tools
- Provides logistics professionals with the tools to avoid backorders and meet the demands of mission critical systems
Prop Shaft Supply Reduces Lead Time and Cost
Complex, expensive weapons systems that are idled due to maintenance, repair, or upgrades can severely impact the war fighter's safety and effectiveness. Today, many weapons systems that contain key components made of forged parts are in service well beyond their original life cycle expectancy. Military supply chains challenged with keeping these systems ready can avoid backorders with access to the National Forging Tooling Database (NFTD), a comprehensive resource to quickly identify and locate critical forged parts and suppliers.
Forged Parts Pose Complex Sourcing Challenges
Sourcing forged parts can require lengthy administrative and production lead times with the added challenge of complex manufacturing processes using tooling that in many cases was originally built decades ago by a 2nd or 3rd Tier supplier. If tooling cannot be located, it may have to be duplicated, often at a much higher cost than the original. Or, if backordered parts cause a significant number of idle systems, the Department of Defense (DOD) may be compelled to compensate by purchasing additional weapons. These problems quickly become more complicated when multiple suppliers are involved and any single element can have a major impact on costs and schedules.
Reduce Lead Time From Months to Days
Prop Shaft Supply, Inc. in Elkhorn, WI was able to avoid a costly backorder for two drive yokes used on M-113 Personnel Carriers. Starting with the National Stock Number (NSN), the company was able to locate the tooling at Commercial Forge and received a quote within ten days. The typical administrative lead-time (ALT) is six months – from the time a part is requested until a contract to deliver the part is signed. Production lead time (PLT) can be equally as long, but in this case the company saved several months and $44,000 because they did not have to build duplicates.
According to the J.P. Beierle, President of Prop Shaft Supply, "NFTD in IHS Markit Haystack is invaluable to companies like ours that build military parts. Every opportunity we have to save time and the expense of creating new tooling is a benefit to us as well as the DOD. When existing forgings are available, being able to find them quickly helps avoid backorders and in turn provides the warfighters with the most effective equipment."
National Forging Tooling Database provides single- point access to parts and suppliers for 230,000 forging tools with original manufacturing costs of more than $4 billion. Integrated with IHS Markit Haystack parts and logistics data with cross references to manufacturer's part numbers and NSNs, users can quickly search for tooling by part number, supplier, or weapon system. You can quickly compare your backorder list to identify the tooling and supplier, match DLA Open Orders with NFTD to locate tooling, or search by the weapon system to identify all the tools used.
NFTD in IHS Markit Haystack is invaluable to companies like ours that build military parts. Every opportunity we have to save time and the expense of creating new tooling is a benefit to us as well as the DOD. When existing forgings are available, being able to find them quickly helps avoid backorders and in turn provides the warfighters with the most effective equipment.
Accurate Tooling and Supplier Data: The Key to Reducing Backorders
Military logistics is a demand-driven environment where maintaining the war fighter's capability is the primary mission. To effectively avoid backorders of forged parts for critical weapons systems, sourcing professionals must have the information resources to:
- Understand the tooling and processes used to build and assemble components
- Identify the availability, physical location, and condition of the tooling
- Negotiate costs and schedules for parts and production with multiple suppliers.
War fighters cannot be kept waiting for clogs in the supply chain to be eliminated. With accurate, reliable tooling and supplier information, logistics professionals can accelerate delivery and avoid deadlining critical equipment and weapons.
Avoiding backorders is the key to maintaining weapons systems and equipment readiness. With NFTD, logistics professionals can meet the demands of mission critical systems to provide the best support for war fighters.
- Improve ability to respond to mission-critical equipment and weapons system maintenance, repair, and upgrade demands in rapidly changing environments
- Improve ability to generate winning bids
- Reduce administration lead time from months to days
- Reduce production lead times and costs by avoiding tool re-manufacturing.