Insights

This milestone comes on the heels of an exciting 12 months for the organization, which saw $1.5 billion in transactions in that timeframe, thanks to onboarding several airlines, MROs and suppliers across the globe.

The integration of AvSight’s advanced ERP platform and SkySelect’s automated procurement capabilities provides substantial gains in operational efficiency.

By leveraging SkySelect’s experienced team and AI-enabled procurement technology, the airline was able to lead a digital transformation of its entire aircraft parts procurement process.

Automatically see where each part stands in terms of price, response time, and lead time.

Technology, specifically AI and automation will play a pivotal role in 2024, as the industry positions itself to overcome major challenges.

The traditional process of procuring spare parts for aircraft leads to excessive costs, manual work overload and constraints including locking up valuable capital of airlines, but there is a better way forward thanks to technology.

As MROs are faced with a resource crunch and an ever-changing supply chain while trying to support customers efficiently and cost-effectively, they are increasingly turning to new tools and processes to transform their organizations.

There’s been a lot of discourse about how technology such as AI will take away jobs. But, what if it can actually have the opposite effect?

SkySelect has partnered with Ambry Hill Technologies, the creator of business management software solutions that are purpose-built for the aviation aftermarket, to provide suppliers with new opportunities to be more efficient and additional capabilities to maximize demand.

Want to know where the industry is heading? We shared our insights on aerospace's future and the major focus areas.

When it came to leading a digital transformation of its purchasing department, SkySelect was the perfect partner because of its combination of unrivaled AI-backed technology and the experience of its team.

Giving suppliers unheralded control over quotes and keeping supplier and buyer information up to date

Implementation is only the first step in technological adoption. Training holds the key to organizational digitalization and getting the most out of technology.

Although more difficult than ever, when deployed accurately, forecasting has the potential to dispel many of the industry’s challenges.

It hasn’t been easy to procure aircraft parts as long lead times have made it difficult to avoid delays and interruptions. We’ll dive into the topic to uncover why this is happening, what the implications are and how it can be prevented.

Thanks to AI, the future is now for the MRO industry.

Here's a look into what data you should collect, what metrics you should be gauging, and an explanation of the difference between direct and indirect costs, so you can measure the cost of delayed routine parts.

AI ensures that routine parts are delivered on time and at a good price point by running advanced algorithms in the background while also providing solutions for complex situations that arise.

A big part of aircraft parts procurement is the aftermarket. And technology can help this area of the business evolve.

SkySelect closed out a momentous quarter that featured the software company onboarding a record number of customers onto its aircraft parts procurement platform. The newly onboarded customers include airlines with a total fleet of 600 and some of the largest MROs in the world.

The aviation industry presents more opportunities than ever before for women, but further measures need to be taken to ensure more female leaders.

We're continuing to add new features inside the SkySelect platform to save suppliers time and increase revenue.

The MRO supply chain typically includes lengthy approval processes, complex supply networks, incomplete data, order backlogs, and inventory accuracy issues.

On average, airlines face part delays of 60-90 days. Even routine parts are experiencing significant delays leading to AOG and Urgent situations. Let's learn how we can alleviate this snowballing problem.

A Qualitative Review Of Aviation Industry Challenges, Experiences, And Strategies.

As the aviation industry continues to strive to become a more diverse and inclusive workforce, SkySelect has rounded up some of the top women leaders in aviation and interviewed them to get their perspective on the state of the industry.

The aviation industry is enduring challenging times but is also presented with tremendous possibilities to create a positive change.

We examine the key implementation steps and procedures that ensure airlines achieve a smooth migration to MRO software technologies and highlight the unique challenges involved in developing safety-critical processes.

Airline IT systems have been in the news, and not for a good reason. Let's explore what airlines can do to mitigate future risks and, instead, set themselves up for success.

We're attending MRO Latin America on February 22-23, 2023.

We look forward to seeing you March 1-2, 2023, at the MRO Middle East in Dubai World Trade Centre. 

Even when changes are not dire for an airline or MRO, there are still tremendous gains to be achieved by moving away from manual processes towards digital ones.

Now is the perfect time to improve your on-time delivery.

Once again, SkySelect is exhibiting and sponsoring the 2023 MRO Americas in Atlanta, GA, on April 18-20, 2023.

Magnetic MRO has experienced exceptional results in terms of cost savings and efficiency gains.

How SkySelect Helped a carrier with an ageing fleet not only stay operational but save time and money.

SkySelect has integrated with Rotabull, the all-in-one sales tool for aircraft part sellers and MROs, to enhance suppliers' aircraft parts selling process.

Supply chain challenges such as raw material, manpower, and logistics forced us to adopt new risk management practices, such as increasing the inventory of critical components.

Total technical care aviation solutions provider Magnetic MRO extended their long-term partnership with SkySelect to automate 100% of their stock replenishment parts procurement.

By moving its parts procurement onto SkySelect’s eProcurement-as-a-Service, Azul has been experiencing superior results.

Nauman Saeed, COO atSkySelect, talks about the growing emphasis on utilizing new MRO software solutions for new incoming fleets and navigating industry challenges such as skilled workforce shortages as technology gets more affordable and easier to scale.

The organization’s Aircraft Parts Prices & Lead Time Index shows the latest trends in parts price and lead time.

The report highlights aircraft parts buying trends from rotables to consumables and expendables and all associated material.

In aviation, we have an equal opportunity to develop our talents.

Given the current market environment, organizational and cost efficiency are major objectives among airlines, MROs, OEMs, and distributors.

Leveling the playing field and reshaping the future of the aviation industry.

Part 2: Growth Opportunities & Leveraging Technology

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.

Now, more than at any other point in commercial aviation’s history, it’s imperative for airlines to be cost-conscious and efficient.

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.

Four Pain Points in the Aviation Industry Aviation Supply Chain & How to Solve Them

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

SkySelect is exhibiting and sponsoring the 2022 MRO Europe Conference in London on October 18-20, 2022.

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

SkySelect is attending the 2022 ACPC Conference in San Diego on August 27 - 30, 2022.

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.

This interactive 40-minute webinar explores MRO supply chain challenges, market drivers, and growth strategies.

With the arrival of new technologies, lessors can procure parts for aircraft lease transitions faster than ever.

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.

SkySelect, the eProcurement-as-a-Service platform provider, has signed an agreement with Finnair Technical Services to digitize the procurement of aircraft parts and further drive innovation within the flagship carrier.

Organizations are ready to change their old ways of working and innovate, so there is growing demand from the industry for new technologies and solutions. This is made apparent by the number of aerospace companies being established and growing, presenting new alternative solutions to old problems.

SkySelect, the eProcurement-as-a-Service platform provider, has entered into a partnership with AeroParts Now to integrate their respective platforms to enhance the aircraft parts purchasing process for suppliers.

SkySelect, the eProcurement-as-a-Service platform for aircraft material, is leading the digital procurement revolution with its new solution.

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.

SkySelect and S7 Technics have announced a collaborative relationship promoting the accelerated transformation of the parts purchasing process for its air transportation and maintenance operations.

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.

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

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

Azul Linhas Aéreas and SkySelect have been working closely together to transform the carrier’s aircraft parts purchasing process.

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

Excited to announce we’ve signed TAP Air Portugal to help transform the carrier’s aircraft parts purchasing process.

SkySelect and Magnetic MRO are unlocking tangible cost savings in aircraft maintenance through a fully integrated supply chain of aircraft parts.

Aircraft parts buyers can now benefit from more automation and analytics, including sourcing automation and supplier performance highlights.

Discover how you can do more with less by enlisting SkySelect as your parts purchasing technology, saving you both time and money.

Through it all, SkySelect has stayed united and stuck together by always making time for one another, even across 10 different time zones.