50 SKY SHADES - World aviation news

SkySelect helps Magnetic MRO fully Integrate the supply chain of aircraft parts

Download: Printable PDF Date: 09 Jun 2021 10:27 (UTC) category:
Publisher:
SkySelect helps Magnetic MRO fully Integrate the supply chain of aircraft parts - Maintenance / Trainings publisher
Dana Ermolenko
Aircraft: Airplanes

SkySelect, an extended purchasing arm for aircraft material powered by robotic process automation, announced the extension of its contract with its strategic customer Magnetic MRO, a global provider of EASA, FAA and CAAC-certified Total Technical Care and Asset Management solutions. Together, the two companies are unlocking tangible cost savings in aircraft maintenance through a fully integrated supply chain of aircraft parts on top of world-class expertise and customer service. 

“SkySelect is a long-time partner of ours because of their unique ability to provide both technical innovation and unrivaled customer support,” said Kaarle Karp, Head of Supply Chain at Magnetic MRO.

“We are in the 21st century and we are used to having access to info in real-time. But for aircraft material, it’s not the case, we are still buying parts like we did 30 years ago. With its unique technology-enabled approach SkySelect can process thousands of part requirements 24/7 to deliver meaningful savings of 20% or more with a fully automated ordering process.”

More specifically, SkySelect acts as an extended purchasing arm to airlines and MROs. They empower people with technology and algorithms to do the work of matching real-time demand from buyers with supply. The process scales up and down automatically depending on demand.

“The opportunity has never been greater to save on aircraft material. There is an abundance of  excess inventory available today, arguably, more than during any other prior period in commercial aviation history,” said Erkki Brakmann, CEO and Founder. “However, best deals and savings will not wait and are often passed up because hunting for such deals is labor-intensive, requiring knowledge, data and managing more suppliers.”

“As airlines cut costs and reduce staff, they are forced to do more with less, which only worsens the already existing operational inefficiencies,” said Erkki Brakmann.

SkySelect integrates the supply chain in a way that eliminates manual effort by having less orders and suppliers to manage, while also driving tangible cost savings by working closely with buyers and sellers and constantly searching for the best options from the market.

“There are many more supply chain opportunities in the aviation market than you can see on a daily basis. The part you are searching for might be lying on someone’s shelf not used. SkySelect helps Magnetic MRO to find hidden gems in the aviation market and deliver them with great cost savings and superb quality,” said Natalja Lagno, Strategic Purchasing Manager, Magnetic MRO.


 



Loading comments for SkySelect helps Magnetic MRO fully Integrate the supply chain of aircraft parts...


Recommended

Welcome Aubusson - the 10th Airbus A350 of Air France

Air France took delivery of its 10th Airbus A350-900. The aircraft, registration F-HTYK, rolled off the Airbus assembly line in Toulouse and took off for Paris-Charles de Gaulle, where it will operate...

The cost-reducing benefits of robotised aircraft cleaning

Over the past several years, robots have taken over many of the mundane tasks performed by humans. From complex industrial assembly lines to vacuum or floor-cleaning robots in the home, the robotisati...

Boeing, ESG and Lufthansa Technik partner for potential German P-8A Poseidon fleet support

Boeing signed agreements today with ESG Elektroniksystem- und Logistik-GmbH and Lufthansa Technik that outline joint efforts to explore potential areas of collaboration in systems integration, tr...

Rolls-Royce to lead the way in developing aviation energy storage technology

Rolls-Royce is entering new aviation markets to pioneer sustainable power and as part of that mission we will be developing energy storage systems (ESS) that will enable aircraft to undertake zero emi...