Home / Aircraft Parts Purchasing: Focusing On Result and Not the Workload

Aircraft Parts Purchasing: Focusing On Result and Not the Workload

2021-10-25 / 2 min

The aircraft spare parts purchasing process is largely the same as it was years ago. Buyers run through the list of parts they’ve been tasked to acquire, and they work with the same partners that they always have via email, phone calls and so on. These deal-makings are tracked in spreadsheets, and buyers record quotes and make buying decisions sometimes days after a quote was requested.

While this process old-fashioned, slow, and analog, the traditional model has been kept in place in spite of other options that would be improvements have advanced. With the traditional procurement model, buyers have simply been left scrambling to find the right parts at custom pricing.

The framework to evolve beyond the old, manual processes is to move to a digitalized Marketplace and remove these piecemeal negotiations, instead allowing organizations to select and order the necessary parts from the vendors that best fits their needs, whatever those may be in the moment.

The needs of the buyers can be more complex and wide-ranging, but the Locatory.com Marketplace function can simplify the process, by bringing together up-to-the-minute quotes from vendors in one place. A purchaser’s request includes parts, needed quantities and delivery timing and they identify all matching products based on those specifications.

In addition to offering a better scope of the market, this allows to move quickly in securing parts without ever leaving the site or sets a starting point for further negotiations. The negotiation element is a perfect example in which meshing the new, tech-focused process with the traditional, human-driven one provides the answer. With API connection, marketplace has the opportunity to integrate within the ERP systems and rather than the hassle of going to a site, making a purchase and returning to their organization’s system to record all of the information, everything happens directly in the ERP.

Instead of adding more steps to the purchaser’s workflow, a marketplace can make the existing process better, more efficient and faster. Locatory.com Marketplace empowers its partners with technology and algorithms to do the work of matching real-time demand from buyers with supply of aircraft spare parts from around the globe and improving the overall logistics performance.

Share this article:

Recent articles

Strategies to Overcome Aerospace Industry Roadblocks

2024-07-18 / 6 min

The aerospace industry is currently facing a series of unprecedented supply chain disruptions that are affecting production schedules, financial forecasts, and operational strategies. Airbus has just revised its delivery target for 2024, now expecting to deliver around 770 commercial aircraft instead of the previously projected 800. This revision is coupled with a delay in the

Locatory.com and DASI Announce Partnership Agreement to Enhance Aviation Inventory Management

2024-07-08 / 2 min

Locatory.com is pleased to announce the start of its partnership with DASI, a leading provider of aircraft inventory solutions. This collaboration brings together over 30 years of combined experience, aiming to provide enhanced support to airlines, MROs, OEMs, and distributors worldwide. By joining forces, Locatory.com and DASI will combine their expertise to deliver comprehensive solutions

Locatory.com Partners with AOG-247 to Deliver Comprehensive Engine Support Solutions

2024-07-01 / 2 min

Leading aviation marketplace Locatory.com has joined forces with AOG-247, a company specializing in technical support solutions and services for aircraft engines. This strategic partnership aims to provide airlines, lessors, and asset owners with a complete solution for their engine needs. David Bradley, CEO of AOG-247 further emphasizes on the benefits of such collaboration: “We are