Agile and Integrated procurement provides the key to cost-effective MRO

2023-09-06 / 3 min

Maintenance, Repair, and Operations (MRO) are crucial in the aviation industry. To ensure the safety and effectiveness of flights, the intricate machinery used in the aviation sector needs to be precisely and promptly maintained. However, it has been difficult to achieve cost-effective MRO in the aviation industry, so adopting agile and integrated procurement techniques can help the aviation sector achieve cost-effective MRO.

While MRO management has traditionally been a labour-intensive, manual process, today’s data-driven solutions can enable the MRO supply chain to be optimized as the sector expands. Despite COVID-19’s disruptive effects, the global MRO market is anticipated to grow from $686 billion in 2021 to $787 billion by 2026.

Historically, the aviation industry has grappled with fragmented MRO procurement processes, limited access to spare parts, and a tendency to rely on long-established supplier relationships. While trust in suppliers is essential, it can sometimes lead to inefficiencies, inflated costs, and a lack of access to a diverse range of spare parts. Three insights can be gained from these experiences.

Achieving Balance through Comprehensive Information

Firstly, organizations must have access to numerous channels that offer up-to-the-minute information on the current availability of spare parts in various circumstances in order to achieve balance in aviation MRO. This realization highlights the requirement for a central system that collects data from diverse sources. Aviation MRO experts can swiftly determine which replacement parts are in stock, their condition, and their pricing using a single, unified dashboard using such a system. According to Toma Matutyte, CEO of Locatory, “Better decisions can be made because of this real-time visibility, which also reduces aircraft downtime and improves inventory control.”

Using an AI engine, easyJet, the airline, for example integrated Aerogility on top of its current MRO management and transactional systems. This allowed them to analyze their MRO data and make maintenance choices better and more quickly.

Easy Access for Enhanced Flexibility

Second, success in aviation depends on having quick access to MRO procurement resources. The quick-paced nature of the sector necessitates a streamlined procurement procedure. The adaptability of aircraft MRO teams is increased through agile procurement platforms with user-friendly interfaces, effective search tools, and smooth order processing. This translates into quicker response times, shorter lead times for purchasing spare components, and increased operational agility all around. Easy access equates to higher efficiency in a field where time is of the essence.

According to the 2020 In(Sight) Report from WorkMarket, 53% of workers believe automation may free up to 2 work hours per day (240 hours per year) and 78% of corporate executives believe it can free up to 3 work hours per day (360 hours per year).

Avoid Overpayement

Lastly, the aviation sector frequently has long-standing connections with reliable suppliers. While maintaining these partnerships is critical, it is also crucial to regularly assess the costs and quality of suppliers. The final insight emphasizes the possibility of overpaying while using just approved vendors. Periodically, aviation MROs must evaluate the market, compare costs, and look into alternative suppliers. Without sacrificing the calibre and safety of aviation operations, encouraging competition can result in significant cost reductions. “Aviation MROs should make sure they are getting the best value for their procurement budget by expanding their supplier base and encouraging competitive bidding,” explains Matutyte.

The Power of Agile & Integrated Procurement in Aviation

The aviation industry’s struggles with cost-effective MRO can be overcome with the use of agile and integrated procurement strategies. The efficiency of MRO, cost savings, and overall competitiveness may all be improved for aviation firms by implementing a comprehensive strategy that takes into account these three insights. Professionals in aviation MRO can quickly make informed decisions thanks to integrated procurement solutions, which provide a single platform where information flows without interruption. These platforms also make it easier for teams and departments to work together, expediting the entire MRO process and promoting safer and more economical aircraft operations.

As a subsidiary of Avia Solutions Group, one of the world’s largest ACMI providers, operating a fleet of 192 aircraft, and supported by 11,500 highly skilled aviation professionals, operating in 68 countries worldwide Locatory will continue to deliver solutions to its valued clientele and further redefine industry standards in the competitive aviation landscape as MRO activities intensify and the industry continues its upward direction.

Cost-effective MRO in the aviation sector is not just necessary for safety and profitability but is also a goal. Aviation firms should make sure that their MRO operations are not only effective but also in accordance with the high standards of the sector by adopting agile and integrated procurement strategies that place a priority on thorough information, quick access, and cost-conscious supplier management. When it comes to achieving cost-effective MRO in aviation, the sky is the limit, and agile procurement is the game plan to get there.

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Locatory.com aviation marketplace welcomes Zooey Aerospace

2023-09-05 / 2 min

Zooey Aerospace

We are proud to welcome Zooey Aerospace to the Locatory.com family!
Zooey Aerospace is a dedicated provider of Regional Aircraft Spares & Repairs, serving Operators, MROs (Maintenance, Repair, and Overhaul organizations), and the Aerospace industry.

Their commitment is to uphold the highest standards within the aviation sector. At the same time, company delivers complete solutions to its customers, allowing them to concentrate on their core operations.

Their approach to providing Regional Aircraft Spares & Repairs is characterized by meticulous care and attention to detail. Company prioritizes both formal and informal timely and effective communication with their customers, fostering a collaborative environment that encourages innovative problem-solving. Zooey’s motivated team and partners are constantly eager to expand their knowledge, ensuring to stay at the forefront of industry developments.

Founded as a distinct business entity back in 2004, Zooey Aerospace boasts a combined experience of 46 years, including 16 years in aerospace and 30 years in support services. This extensive background equips them with the expertise and knowledge, valuable connections, and a global customer base to excel in aviation field and beyond.

Zooey Aerospace enable Airlines and MRO’s to focus on their core business.

Zoey Aerospace proud itself in helping their customers with parts planning and sourcing, professional repair management and outsourcing purchasing to enable them to concentrate on what they are doing best – keeping their airplanes in the skies.

Their services are aligned with ISO9001 and AS9120 standards, ensuring the highest quality in all operations.

Zooey Aerospace tackles challenges with passion, enthusiasm, and a keen ear for their customers’ needs. They provide Spares & Repairs services that offer suitable products and services, all delivered with exceptional care.

Through their extensive affiliate network and strong relationships with manufacturers, OEMs, repair stations, and airlines, company offers professional and real-time support, always upholding the highest ethical business standards.

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Locatory.com aviation marketplace welcomes MTW Aerospace

2023-08-25 / 2 min

MTW Aerospace

As now Locatory.com partners with MTW Aerospace, we are proud to welcome MTW Aerospace to the Locatory.com family! MTW Aerospace is a stocking supplier of New Surplus, Overhauled, Serviceable, and As-Removed aircraft parts for turbine-powered aircraft.

The company specializes in a broad and expanding product line to support the turbine-powered corporate & commuter type aircraft and helicopter industry. As well as obtain their stock by dismantling complete aircraft or purchasing surplus inventories.

MTW Aerospace was founded in back 2001 in South Alabama and acts as a stocking supplier of aircraft parts to the turbine and turboprop aviation ever since.

They focus on expanding product line by obtaining their stock by dismantling aircraft or purchasing inventories from OEMs, airlines, and corporate maintenance depots.

MTW primarily invests in operational aircraft as a source of these parts, and all records associated with these aircraft are retained for traceability and condition of the components.

Furthermore, MTW Aerospace’s state-of-the-art facility, spanning an impressive 45,000 square feet of climate-controlled warehouses, strategically situates itself near the Montgomery Regional Airport (Dannelly Field, MGM). This prime location not only facilitates efficient logistics but also underscores the company’s accessibility for clients in the aviation industry. The facility’s advanced infrastructure aligns seamlessly with MTW Aerospace’s commitment to precision, ensuring that their comprehensive product line is managed with the utmost care and attention.

MTW Aerospace support their parts with a 30-Day Satisfaction Guarantee, unless otherwise negotiated and agreed to at the time of sale. Quotes are available within minutes and all stocking levels are accurate. If they list a part and provide a quote, they have it. Most parts can be shipped same day. MTW Aerospace also offer 24/7 AOG parts support.

And, as now Locatory.com partners with MTW Aerospace, here’s what they have to say about using Locatory.com marketplace:

Getting setup with Locatory was easy. The customer support is great. By far the easiest listing service to navigate and understand!

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Optimizing Fleet Performance through Aviation Aftermarket Services

2023-07-27 / 4 min

It’s the day before one of the busiest days of the year for your charter jet company, and everything seems perfect.

The weather forecast is ideal, and every jet is fully booked—a business owner’s dream scenario. However, just when you think everything is in place, the phone rings, and it’s your chief pilot with distressing news. The jet she is piloting has encountered a maintenance issue that will ground it for several days.

Suddenly, stress starts to build, and you’re faced with a challenging situation.

Not only do you need to figure out what to do as a business owner, but you also realize the extensive ripple effect this will have. Your employees and clients will be affected, and the logistical nightmare of reshuffling flights and passengers for the following day with one aircraft grounded is daunting. You know this will likely lead to potential delays and increased workload for the remaining operational planes.

The realization hits hard; your company’s efficiency takes a nosedive when your fleet isn’t operating at full capacity. Finances may suffer, and, more importantly, clients might lose faith in your ability to deliver reliable services.

In hindsight, you can’t help but wish you had taken care of that seemingly inconsequential maintenance issue earlier. Had it been addressed promptly, it could have prevented this cascading river of problems, saving your company from its current predicament.

The experience serves as a vital reminder of the importance of proactive maintenance to ensure smooth operations and uphold the trust of your clients and employees alike. 

That’s why Locatory.com exists. We know this scenario all too well, and our goal is to help prevent this from happening to you or your company. 

Understanding the Aviation Aftermarket Industry

The aviation industry relies heavily on the efficient operation and maintenance of aircraft to ensure safe and reliable transportation. Airlines and aircraft operators face many challenges in maintaining their fleets, including minimizing downtime, reducing maintenance costs, and optimizing overall performance. Aviation aftermarket services play a vital role in enhancing fleet performance by addressing these challenges. 

Aviation aftermarket services encompass a wide range of activities to support the operational lifecycle of aircraft, including maintenance, repair, and overhaul (MRO) services, spare parts provisioning, component repairs, and technical support. These services are provided by specialized organizations, including original equipment manufacturers (OEMs), independent MRO providers, and suppliers. Locatory.com is proud to be a global leader in the industry since our launch in 2010. 

Locatory.com is a leading player in the aviation aftermarket industry. Our mission at Locatory.com is to partner with you by providing aircraft parts solutions and services that add value to your company and prevent nightmares like the one described above from happening to you. 

Four Key Benefits of Aviation Aftermarket Services

  1. Enhanced Fleet Reliability: Aviation aftermarket services play a critical role in ensuring the reliability and availability of aircraft. Regular maintenance and scheduled inspections help identify and rectify potential issues before they lead to major failures, reducing unscheduled downtime and enhancing fleet reliability. 
  1. Improved Operational Efficiency: Aviation aftermarket services can improve an aircraft’s operational efficiency by implementing optimized maintenance programs and utilizing advanced technologies. This includes proactive maintenance planning, real-time monitoring of critical components, and data-driven decision-making to minimize disruptions and maximize aircraft utilization.
  1. Cost Optimization: Effective aftermarket services contribute to cost optimization by implementing efficient maintenance practices, extending the life of aircraft components, and identifying cost-saving opportunities. This leads to reduced maintenance expenses, lower fuel consumption, and enhanced return on investment for aircraft operators.
  1. Regulatory Compliance: Although regulations and requirements will differ from country to country, the global aviation industry operates within a strict regulatory framework to ensure safety and adherence to industry standards. Aviation aftermarket services are crucial in maintaining compliance by performing inspections, repairs, and modifications according to regulatory requirements, thus ensuring the fleet’s airworthiness.

Four Ways Aftermarket Services Can Help Optimize Fleet Performance

  1. Predictive Maintenance: Leveraging advanced technologies such as predictive analytics, artificial intelligence, and machine learning, aviation aftermarket services can predict potential failures and recommend preventive actions. This approach minimizes unscheduled downtime and reduces the likelihood of significant system failures.
  1. Component Repair and Overhaul: Instead of outright component replacement, opting for repair and overhaul services can significantly reduce costs while maintaining the required quality standards. MRO providers specialize in repairing and refurbishing aircraft components, offering a cost-effective alternative to purchasing new parts.
  1. Inventory Management: For fleet operators to minimize downtime and operational disruptions, effective spare parts provisioning is crucial. By implementing efficient inventory management systems and leveraging data analytics, aftermarket service providers can optimize inventory levels, reduce excess stock, and ensure the timely availability of critical components. Locatory.com has introduced different tools through the years, including its Supplier Management Tool and Amber A.I., an artificial intelligence-based system to help simplify inventory management.  
  1. Continuous Improvement Initiatives: Aftermarket service providers should actively engage in continuous improvement initiatives to enhance the efficiency and quality of their services. Initiatives include investing in research and development, adopting new technologies, and staying updated with industry best practices to provide customers with the most innovative and practical solutions.

Embracing the Aviation Aftermarket is Essential for Success

The significance of aviation aftermarket services cannot be overstated, as they play a crucial role in optimizing fleet performance. These services achieve this by enhancing aircraft reliability, improving operational efficiency, reducing costs, and ensuring adherence to regulatory standards. By adopting proactive maintenance practices, leveraging advanced technologies, and making data-driven decisions, aircraft operators can minimize downtime, increase fleet availability, and maximize profit.

Partnering with reputable aftermarket service providers like Locatory.com and implementing the strategies mentioned above empowers airlines and aircraft operators to unlock the full potential of their fleets. This approach guarantees safe, reliable, and efficient operations in the constantly evolving aviation industry. Embracing these services is essential for staying competitive and achieving sustainable success in the dynamic world of aviation.


Contact Locatory.com today to find out how we can help you.

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How to optimize AOG parts availability amid supply chain crisis?

2023-07-04 / 2 min

Due to the failure to effectively address unscheduled maintenance events known as Aircraft on Ground (AOG) situations, the aviation industry has been grappling with significant losses in potential revenue, estimated at a staggering $6 billion annually. With ongoing global supply chain disruptions in the post-pandemic environment and the unavailability of spare parts and components, the industry faces formidable challenges that place OEMs (Original Equipment Manufacturers), airlines, and aftermarket service providers at a high risk of losing even more potential revenue.

The impact of AOG events on commercial aviation during the summer season, resulting in missed opportunities, is highly significant. Managing such situations adds unexpected pressure, further exacerbated by the prevailing difficulties in the supply chain. But how long will it take for the industry to overcome the supply crisis? And is it possible to minimize aircraft downtime during the peak demand period despite the current obstacles in spare parts and component supply?

How long will the supply chain crisis last?

While airlines eagerly anticipate new aircraft deliveries to increase capacity and fulfill existing flight bookings, manufacturers grapple with workforce shortages, material scarcities, and global shipping bottlenecks. The major European OEM company Airbus estimates that supply chain delays are projected to persist in the industry throughout 2023 and potentially extend into the early months of the following year.

In comparison, its competitor Boeing has a more worrisome projection. According to the US-based manufacturer, the supply chain will continue to pose challenges in new aircraft deliveries for an extended five-year period until 2028. To compensate for delays in new aircraft arrivals, some operators have reviewed their aircraft retirement plans. However, the issues related to parts and component supply during unscheduled maintenance events remain unsolved.

Optimizing AOG parts and component availability

The restoration of supply chains will likely span several years, resulting in prolonged lead times for aircraft spare parts and components in cost sensitive AOG situations. Therefore, it is beneficial to review and update key strategies dedicated to enhancing AOG parts availability.

According to Toma Matutyte, the CEO of Locatory.com, operators are strongly advised to constantly diversify their supplier pools by engaging multiple marketplaces, both domestically and internationally, while placing a greater emphasis on modern global platforms. Such an approach should mitigate the impact of potential disruptions or delays in parts arrival during high-season aircraft grounding.

“In the face of persistent global supply chain disruptions, the aviation industry must prioritize optimizing spare parts sourcing to minimize revenue losses and reduce the risks associated with AOG situations. Building strong supplier relationships, diversifying the existing supplier base, and leveraging data analytics are key proactive measures to be taken for the industry to navigate through the supply chain crisis and ensure uninterrupted operations,” explains Matutyte.

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Expected Boom of Aircraft Part Aftermarket

2023-05-19 / 2 min

In recent years, the aviation industry has faced numerous challenges, with one of the most significant being issues with the aircraft part supply chain. Locatory.com, an aviation marketplace for aircraft spare parts and repair capabilities, reports that the aircraft part aftermarket is expected to boom, following the accumulating issues in the industry.

According to Toma Matutyte, CEO of Locatory.com, aircraft manufacturers continue to struggle with increasing backlogs, with Airbus backlog of 7,254 aircraft and Boeing backlog of over 4,500 aircraft after Q1 2023. “Due to excessive backlog, airlines are forced to continue operating aging aircraft that require more maintenance and repairs. This situation leads to a rise in demand for replacement parts in the aftermarket. Going forward, this trend will be felt more acutely in developing regions, where airlines still rely on their older aircraft, and acquiring new aircraft is challenging.”

Furthermore, the ongoing geopolitical turmoil and COVID-19 aftereffects have made it more challenging to obtain manufacturing materials, worsening supply chain issues. This has resulted in significant delays in the Original Equipment Manufacturer (OME) production of new aircraft parts, creating a shortfall in supply and a greater need for used parts. Consequently, more and more companies are turning to the aftermarket to fulfil their replacement needs.

As the demand for aircraft parts in the aftermarket continues to grow, online platforms like Locatory.com are expected to attract more attention from airlines, aircraft lessors, and MROs worldwide. “Online platforms offer a broad range of readily available used aircraft parts, which make it easier and more cost-effective for buyers to locate the parts they require,” Matutyte explains.

While the issues in the aircraft part supply chain will likely continue to affect the industry in the future, the aftermarket will play a crucial role in meeting the demand for replacement parts, particularly in still-developing regions. While aircraft manufacturers work to address the root causes of these supply chain issues, airlines are turning to the aftermarket for solutions, making online marketplaces a viable solution to keep aircraft off the ground.

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