AHW has announced that they have entered into a Long Term Agreement (LTA) with Arconic Fastening Systems executed this week and to take effect on Dec 1, 2019, and effective until Dec 1, 2022. This agreement covers a wide variety of products that will support AHW’s Vendor Managed Inventory (VMI) programs in the U.S. and Mexico. The scope of products will include hardware from the Recoil, Huck and Arconic Nutplate, and Keensert factories. This agreement continues AHW’s Supply Chain strategy of aggressively locking key manufacturers into LTA’s to secure critical vendor part numbers, under contract pricing, which avoids cost increases and secures delivery schedules. The agreement also supports OEM initiatives to reduce vendor bases to only key suppliers.
Arconic Fastening Systems says that AHW has been a long-standing customer and has proven to be an accomplished global supplier to major OEMs. The partnership between Arconic and AHW has many benefits, one of which is allowing Arconic to proactively forecast and secure favorable delivery times for AHW. Another major benefit is, with a three-year commitment, at global volumes, deeper pricing discounts can be given which can be passed on to AHW customers. Hidemi Kubota, who us AHW’s purchasing manager says, “We are excited about the relationship with Arconic and the value this agreement will bring to our customers. This is the beginning to grow the Arconic fastening product lines worldwide. The Agreement also simplifies ordering for our purchasing team, making the supply of Arconic products into AHW more efficient. Arconic has been an important vendor for us and we see great opportunities for the future”.
AHW continues to build out its supply chain and strengthen its product offerings with major manufactures like Arconic, Stanley, Novaria, Paolo Astori, PCC, 3M, B&B Specialties and Crescent Mfg to name a few. These suppliers will enable AHW to continue to grow its position in the aircraft interior and aerostructure markets. Frank Ioffrida, CEO & President says “We look to build out our supply chain with key suppliers in the direction that best supports our customer’s business. Our product offerings along with our innovative VMI technology and delivery models will continue to provide hardware to the highest quality standards. We are very proud to partner with this industry-leading manufacturer. Arconic will strengthen AHW’s ability to support any product needed for all Boeing, Airbus and Regional Aircraft builds.”
Aircraft Hardware West is a full-service provider of hardware and related services to the aircraft and commercial industries with main HQs in Long Beach, CA. Aircraft Hardware West believes that a comprehensive inventory management solution and timely delivery of hardware, at competitive pricing, are only the beginning of what they have to offer. AHW can be a trusted partner in the success of your business. For more information on any of our products or our Advanced Inventory Management Solutions, please contact email@example.com