SkySelect, an extended purchasing arm for aircraft material powered by robotic process automation, has extended its contract with 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,” said Kaarle Karp, Head of Supply Chain at Magnetic MRO.
“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 labour-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 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.
Image: Erkki Brakmann, SkySelect and Kaarle Karp, Magnetic MRO