Insights

Part 1: Key Challenges and Market Drivers in the MRO Supply Chain

The MRO supply chain is offline, slow, opaque, expensive, and inefficient. Recent events such as Covid, economic sanctions, re-routing, and no-fly zones have only confounded supply chain disruptions and further illustrated the need for change.

The last few years have been the most challenging in aviation’s history as the industry endured an unprecedented travel demand shock. But you know what they say, “pressure makes diamonds.”

Aircraft material purchasers have always found it challenging to match the right supplier with the right part requirements. Historically the process has always been done using manual procedures, which rely on the expertise and bandwidth of employees.

The MRO industry digitalisation progress is visible, and Erkki Brakmann, CEO at SkySelect feels the process is unstoppable because airlines have realised that by using smart technologies, they can improve their bottom line.

We find ourselves marked in an era rife with air travel demand shock, supply chain inefficiencies, an ever-changing workforce, and soaring costs due to inflation.

SkySelect is the modern Aviation Company that solves procurement problems for the $100B aircraft material industry through an algorithmic purchasing system.

Watch on-demand how procurement managers can get out of firefighting and start taking a more strategic approach.

If you’ve even been remotely following current events, it’s no news that the global supply chain is under immense pressure and facing a multitude of problems. This, of course, extends into aviation, which has been hit particularly hard over the last few years, given the social, economic, and general state of the world.

Companies around the world are adopting cloud infrastructure and cloud service technologies to simplify IT, increase business agility, and streamline operations. Entire business models are being transformed thanks to new computing technologies and services. This, of course, is spilling over into aviation: operations, commercial functions, and MRO, including material procurement.

The aircraft parts purchasing market is complex, filled with processes, constraints, and challenges both internally within airlines, MROs, and with suppliers.

Watch on demand: How to effectively leverage technology in MRO Supply Chain

Supply chains all around the world are broken and becoming further disrupted. No industry remains unscathed, including aviation. Specifically, the process of buying aircraft parts has become increasingly complex and riddled with a number of obstacles.

New processes and technologies enabling airlines to digitise and automate material purchases are coming to the foray, and ever more critical, as airlines bounce back to operations. Keith Mwanalushi gets the lowdown from Erkki Brakmann, CEO and Founder at SkySelect.

Our CEO Erkki Brakmann discusses how more accountability, responsibility and transparency can be brought to the parts purchasing process.

Automation, algorithms and supply chain advancements are not just for buyers. Learn how suppliers can benefit from automated buying

Our CEO Erkki Brakmann recently took to the AviTrader hot seat to speak about all things SkySelect and his thoughts on the industry.

In an Exclusive Interview with Erkki Brakmann, CEO, SkySelect, he speaks about the partnership with S7 Technics, and how COVID-19 pandemic helped them strive harder by coming out of their comfort zones and adapting to newer normal.

A huge opportunity exists to leverage the availability of new and aftermarket parts

Aviation Maintenance Magazine spoke to Erkki Brakmann, founder and CEO about the opportunities that exist for airlines and MROs.

SkySelect CEO Erkki Brakmann joined Times Aerospace TV to discuss the aircraft parts opportunity that exists for airlines

New automation tools, AI and workflows are replacing manual processes, making it possible to run more efficient and cost-effective aircraft maintenance.

New market developments have created a huge opportunity for MROs and airlines to leverage the surplus of parts to sharply reduce material costs.