Wesco Aircraft was incorporated in Delaware on July 21, 2006. The company is a one of the world's largest distributors and providers of comprehensive supply chain management services to the global aerospace industry. Its services ran...ge from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time, or JIT, delivery and point-of-use inventory management. The company supply approximately 450,000 different stock keeping units, or SKUs, including hardware, bearings, tools and more recently, electronic components and machined parts. It believes it offer a compelling value proposition to both customers and suppliers. Customers that utilize its comprehensive JIT supply chain management services are frequently able to realize significant benefits includin...g: reduced inventory levels, fewer disruptions of production schedules, improved quality assurance and reduced administrative and overhead costs. It intends to pursue the following strategies in order to continue to grow business: Continued Focus on Operational Excellence: It intends to further existing customer relationships by continuing to invest in highly customized IT system and providing on-time delivery performance and quality assurance; Win New Business from Existing Customers: The company continues its strategy of expanding relationships with existing customers by transitioning them to comprehensive JIT supply chain management services as well as expanding programs to include additional customer sites and SKUs, and by introducing new supply chain solutions that minimize costs, improve productivity and lower inventory investment; Expand Customer Base: It plans to expand customer base and have had significant success in winning business when competing distributors have been unable to meet customer service level requirements and in situations where customers have outsourced work that was previously performed internally; Selectively Pursue Strategic Acquisitions: Its industry is highly fragmented and believes that there are opportunities for continued consolidation. It recognizes product and service revenue when (i) persuasive evidence of an arrangement exists, (ii) title transfers to the customer, (iii) the sales price charged is fixed or determinable and (iv) collection is reasonably assured. Its product categories include the following: Hardware: Fasteners is a largest product category, comprising approximately 83% of hardware sales in fiscal 2010. Fasteners include a wide range of highly engineered aerospace parts that are designed to hold together two or more components, such as rivets (both blind and solid), bolts (including blind bolts), screws, nuts and washers; Bearings: Its product offering includes a variety of standard anti-friction products designed to both commercial and military aircraft specifications, such as airframe control bearings, rod ends, spherical bearings, ball bearing rod ends, roller bearings and bushings; Electronic Components: The company offers highly reliable interconnect and electro-mechanical products, including connectors, relays, switches, circuit breakers and lighted products; Machined Parts and Other: Machined parts are designed for a specific customer and are assigned unique OEM-specific SKUs. The machined parts it distributes include laser cut or stamped brackets, milled parts, shims, stampings, turned parts and welded assemblies made of materials ranging from high-grade steel or titanium to nickel based alloys; In addition to traditional distribution services, the company has developed innovative value-added services, such as quality assurance, kitting and JIT supply chain management for its customers.