Aerospace

The RIOsys Decision Support Software, developed by Armac Systems, is a solution designed specifically for aerospace MRO inventory planning and optimization. According to the vendor, this software aims to help airlines and MRO providers calculate optimal inventory levels and make informed purchasing decisions. It incorporates transactional data, expert knowledge, and advanced mathematical models to provide objective insights into provisioning. The software is intended for aviation maintenance professionals, inventory planners, supply chain managers, and companies in the aerospace industry and airline sector.

Key Features

Inventory Optimization: According to the vendor, RIOsys Decision Support Software enables airlines to calculate optimal inventory levels for both rotable and consumable investment. It incorporates operational insights into the provisioning model, facilitating objective purchasing decisions.

Decision Support: The software helps organizations determine the most effective asset management strategy and inventory policy. According to the vendor, it allows for the setting of target stock levels and service level policies. It also provides the ability to simulate "what if" scenarios to assess the impact of inventory changes.

Planner Workbench: RIOsys includes a core desktop interface known as the Planner Workbench, serving as the central hub for inventory planning. It translates strategic policies into actionable practices, prioritizing tasks for surplus/shortage management and network balancing actions. Real-time inventory planning, re-profiling, and informed re-use decisions are made possible through this feature.

Knowledge Base: The software captures and formalizes tacit expert knowledge, empowering planners to make informed decisions. The Knowledge Base allows for the addition of constraints and exclusions on individual parts and equipment, as well as the implementation of time-specific rules and controls to manage the application of constraints. It also maintains an audit trail, ensuring visibility and accountability.

Advanced Analytics: RIOsys addresses the challenges of MRO inventory planning through its "Repair to Reuse" model. This feature objectively programs float levels based on service level contribution, supporting the simulation of various optimization scenarios using key business variables. The software presents a range of optimized model options, allowing users to maximize service levels or minimize inventory investment.

Data Visualization: The software provides intuitive data visualization tools that enable users to gain insights from their inventory data. According to the vendor, interactive dashboards and customizable reports help users analyze and interpret inventory trends, identify areas for improvement, and make data-driven decisions.

Forecasting and Demand Planning: This feature utilizes historical data and advanced forecasting techniques to predict future demand. According to the vendor, RIOsys helps organizations optimize their inventory levels and avoid stockouts or excess inventory by analyzing demand patterns, seasonality, and other factors.

Supplier Collaboration: RIOsys facilitates collaboration with suppliers by providing a platform for efficient communication and coordination. This feature streamlines the procurement process, allowing for better supplier management, timely order placement, and improved overall supply chain efficiency, according to the vendor.

Risk Management: The software helps organizations manage risks associated with their inventory. According to the vendor, it allows for the identification and mitigation of potential risks, such as stock obsolescence, supplier disruptions, or changes in demand patterns, enabling proactive decision-making and minimizing the impact of unforeseen events.

Integration and Scalability: RIOsys is designed to seamlessly integrate with existing systems and technologies, ensuring smooth implementation and minimal disruption. Additionally, the software is scalable, accommodating the evolving needs of growing organizations and adapting to changes in the industry, according to the vendor.