Fast Track your MRO Operations
“If you always do what you always did, you’ll always get what you always got” - Henry Ford
In other words, when you are looking for a different outcome, think about what difference you can do by endorsing change. Often we think about the details, we look at the activity we are involved with and try to find a better way of being more efficient. An efficient business process can be achieved by an organization by endorsing change.
Business Process is an important yardstick for not only assessing company’s growth but also to set a right trajectory for the work flow in the organization.
One key concept that aids an effective business process is “Straight-Through Processing (STP)”. STP is an initiative used by companies to optimize and improve the speed at which transactions are processed. This is achieved by automating the process of information exchange electronically without having to manually re-enter the same piece of information repeatedly over time.
One of the industries where STP is used is in the financial systems of an organization where payment, contract or settlements have to be made on a fast track mode. STP enables the entire trade process for capital market and payment transactions to be conducted electronically without the need for re-keying or manual intervention, subject to legal and regulatory restrictions. The concept has also been transferred into other sectors including energy (oil, gas) trading and banking, financial planning and Transportation.
Aviation Sector has always been unique in following a standard process, but automation and accuracy being the need of the hour, more and more Airlines and MROs are adapting processes like STP for enhanced workforce and enterprise efficiency. In addition to compliance with the standard aviation practices, MRO IT functionalities today are also expected to follow STP.
An example of STP in Aviation is parts repair processing. A repair order process for an aircraft part involves the following steps:
- Part Removal from Aircraft
- Returning of Part to Respective Warehouse
- Routing the Part for repair
- Selection of Repair Agency
- Informing stores to arrange the part
- Stores informing shipping dept. to collect the part
- Preparing shipping document and shipping the part to repair agency
These steps usually involve many role changes, lot of document movements & more number of transactions. Ramco Aviation suite adopts Straight-Through Processing (STP) to optimize and improve the speed at which transactions are processed. Ramco Aviation widely caters to Airline, Heli Operator, MRO and Business Aviation segments.
With the help of STP incorporation into Repair order process, the following steps will be automated:
- Confirmation of parts return to respective warehouse
- Routing the Part for repair
- Selection of Repair Agency
- Informing stores to arrange the part.
- Stores informing shipping dept. to collect the part
In other words, STP looks at various parameters such as the previous document data, master entity attributes, STP configuration rules, related document states/data and then intelligently automates the documentation process.
Benefits of STP
- It's a process leaning concept where all the various elements of a process (events, steps, actors, documents, elapsed times) are critically evaluated with a view to seek and eliminate waste.
- The approach is to focus on the physical events, steps & direct actors and seek possibilities of automating indirect steps/documents (and in the process eliminate indirect actors).
- The real efficiency of STP stems from getting the event handshake between direct actors alongside eliminating wait times in the process. It also helps to free indirect actors to focus on more high impact activities (such as negotiating with suppliers for a better price based on quantified data etc.) and manages routine activities through exceptions - management by exception.
- STP still recognizes the need for document traceability from an enterprise integration perspective; consequently, the focus is not on document/step elimination, rather, it is about automation.
Typically, products and practitioners make the mistake of focusing on user interface layer for usability. In enterprise products space, real usability gains can be made by focusing on process simplicity. STP promotes usability by ensuring that the actor to system contact is kept to the barest minimum and managed in the most efficient manner; this in turn helps customers achieve higher accuracy, faster turnaround time across departments. Other important examples include processes like Aircraft Induction, Part Setup and Aircraft / Component Maintenance.
- Others
- Technology
- Products & Services
- ERP On Cloud
- Industry Solutions
- Cloud Technology & ERP
- Latest Trends
- Aviation
- Best Practices
- ERP Know More
- Ramco ERP Suite
- Global Payroll
- ERP
- Global Payroll And HR
- Implementation Strategies
- Ramco Aviation Suite
- Newsroom
- On-premise ERP
- Payroll Software
- Payroll Services
- News
- Logistics
- Media Coverage
- Ramco HCM Suite
- Chatbots
- Business Intelligence & ERP
- Events
- Marketing & Communications
- Services
- Ramco Analytics Suite
- Multicountry Payroll
- Employee Experience
- Enterprise Resource Planning
- Payslip Queries
- Logistics Service Providers
- Magazine Articles
- Knowledge Bank
- Payroll Compliance
- Ramco Systems
- ramco
- Artificial Intelligence
- Aviation ERP
- Aviation MRO Industry
- MRO
- MRO Aviation Software
- MRO Solution
- Manufacturing
- Supply Chain
- Machine Learning
- Logistics Software
- Press releases
- Case Studies
- Payroll Outsourcing
- Payroll Solution
- Cloud
- LSP
- MRO Task Cards
- Aircraft Maintenance
- Contributing Authors
- ERP solutions
- Infrastructure
- Logistics Automation
- BFSI
- Big Data
- Data Analytics
- Ramco GRP Suite
- Airlines
- ERP Benefits
- Services ERP
- Types of ERP
- Data Science
- Integrated Logistics Software
- RAMCO ONDEMAND
- Supply Chain Management
- Supply Chain Visibility
- Digital Transformation
- ERP Implementation
- Employee Engagement
- Helicopter Maintenance
- Ramco OnDemand erp 2.0
- helicopter
- helicopter mro
- Digital Strategy
- Logistics for e-commerce
- OEM
- Other
- Payroll
- Aviation Maintenance
- Cloud ERP
- Cloud Financials
- Defence and Civil aviation
- HCM
- IoT
- Payroll Managed Services
- Project Management
- Ramco Logistics
- Time and Attendance
- Transportation Logistics
- Uberization of Logistics
- Work from home
- Analytics
- Asset Management
- Australia Payroll
- Auto
- Automation
- Aviation Analytics
- Aviation Compliance
- Aviation system
- BPO
- Business Intelligence
- EFB
- ERP for Cement Manufacturing
- ERP for Manufacturing
- ERP for Services Industry
- ERP for Staffing Companies
- Financial Analytics
- HR Tech
- International Aerospace and Defense
- Inventory Management
- John Stone
- Mobility
- Paperless Operations
- Payroll Implementation
- Payroll Processing
- Payroll Service
- Professional Services
- RODE 2.0
- Ramco VirtualWorks
- Ranganathan Jagannathan
- SaaS
- Services Industry
- Videos
- Visibility in Logistics
- Warehouse Management
- 3PL
- AOG
- Asset Lifecycle
- Augmented Reality
- Aviation IT
- Aviation MRO
- Aviation industry
- Billing Management
- China Payroll
- Cloud EAM
- Covid-19
- Customer Expectations
- Customer Support
- Data Security
- Dealer
- Digitalization of Asset Management
- Director
- EPC
- ERP System
- Electronic Flight Bag
- Enterprise Process Solutions
- Equipment Rentals & Services
- Facility Management
- Financial software
- Global A&D
- HR
- Heli-Operators
- LSAP
- Lean
- Logistics Billing
- Logistics and Shipping
- MRO Operation
- Malaysia Payroll
- Performance Management
- Predictive Analytics
- Product & Market Management
- RAMCO ONDEMAND ERP
- RPA
- Ramco Aviation ERP
- SOA
- Talent Management
- Viswanathan Anand
- Warehousing
- Warehousing Software
- Warranty Management
- Work Culture
- cement
- empathy
- 2.0 technologies
- 24/7 customer support
- 24th Rallye Aiche Des Gazelles Du Maroc
- AAS
- AD
- AR
- Accelerated Transformation
- Air Traffic Control
- Airline
- Airline MRO
- Airline Maintenance
- Airworthiness Directives
- Analyst
- Analysts
- Andhra Pradesh
- Assembly
- Assurance
- Australia
- Automated Payroll
- Automobile
- Aviation Maintenance Software
- Aviation Software
- Aviation Supply Chain
- Aviation solutions
- B2b Sales
- BCP
- BI
- BPEL
- BPO Centre
- BPO services
- BPO solution
- BPP
- BYOD
- Balaji Swaminathan
- Balanced Scorecard
- Bar Code
- Basic HR Systems
- Benefits of ERP
- Blockchain
- Business Analyst
- Business Continuity Planning
- Business Empathy
- Business Process Outsourcing
- Business Process Platform
- CFS
- CRM
- Calibration
- Car
- Chandrasekar Vijayakumar
- Change management
- Cherlapally Central Jail
- Chess Champion
- Cloud Customization
- Cloud Security
- Coach
- Common Receiving Document
- Competitive Intelligence
- Composition
- Consulting
- Container Freight Station
- Contract Workforce
- Contract Workforce Management System
- Cost Management
- Cultural Constructs
- Customer Expectation Management
- Customer Management Insights
- Customer Support Myths
- Customer intimacy & other value disciplines