Fasteners, bearings, connectors, wiring and seals might not generate the "wow" factor that high-
thrust engines or inflight entertainment might, but not having the right rivet or bolt can halt an OEM's or MRO's production, which certainly is an expensive problem. Jeff Smith, Honeywell's vice president of Consumable Solutions (formerly the company's Hardware Product Group: name just happened this month), told O&M that Honeywell generates $500 million annually in distributing and managing consumable solutions. Those solutions include services such as just-in time inventory management, kitting, consignment, forecasting and bin management. He expects this Honeywell division to grow 10 percent this year.
Although a lot of acquisiton activity has taken place in the aviation distrubution arena the past year, Smith said Honeywell is not interesting in buying other companies: "With the way the manufacturing base is constrained today by labor and to a lesser extent by material flow, we can grow just as successfully by ensuring for our customers that they are getting the hardware solutions they need."
Honeywell distributes 725,000 hardware parts, making it one of the broadest hardware inventories globally, even though it does not make any of these parts itself.