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Following the latest trends within the aviation industry, spare parts business, once a mundanely straightforward enterprise, has evolved into one of its most dynamic sectors. However, as in most cases, the new developments were accompanied by unique challenges. On the one hand, technologically advanced components help to drive down maintenance costs on the newest aircraft.
Under competitive pressure more and more airlines are abandoning the strategy of holding huge and expensive aircraft parts stocks to support their operations. However, it does not mean that they are willing to give up on the extremely reliable dispatch such stocks support. As a result, finding the right balance between spares availability for fleet
With airlines worldwide carrying unprecedented numbers of passengers and aircraft manufacturers reaching record production rates, the recovery of the global aviation industry is unquestionable. As a result, IATA forecasts the airline industry to generate $746 billion revenues in 2014. However, with the actual profit accounting for as little as $18 billion, there are still important
The influence of the aftermarket services on today’s commercial aviation industry is undeniable. The most recent statistical data indicates that the spare parts market has grown by over $5 billion in 12 years’ time and now accounts for almost half of $54 billion worth MRO market. However, despite the impressive growth, the segment has still
Ultra-fast smartphones, cutting-edge tablets and powerful PCs – today everyone has them, meaning that developing along with the market is not enough. You have to be at least one step ahead in order to ensure the competitiveness of your company and products. For example, let’s take Japanese venture capital firm, Deep Knowledge, which, like many, has a
Recently Locatory.com has launched Amber A.I., an artificial intelligence spare parts procurement assistant, capable of recognizing aircraft part numbers, conditions and quantities from any email. Today the company has presented a new plugin to complement the virtual tool. By integrating Amber’s capabilities directly into an email client, it enables procurement managers to reach suppliers straight
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