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Locatory.com patented one of the most popular tools of their marketplace – Amber A. I. artificial intelligence based assistant for aircraft parts procurement and logistics. From now on representatives of aviation business could buy this tool separately from the marketplace where it was included from the establishment. Randy Dean, chief business officer at Sentient Technologies, once
Locatory.com, an IT company supporting the aviation industry with IT-based Supply Chain Optimisation solutions worldwide, has appointed Dainius Meilunas as the company’s new Chief Executive Officer. Starting November, Dainius will succeed Zilvinas Sadauskas, who will continue in an advisory role, working on different R&D projects. Newly assigned CEO brings over 5 years of experience working
Although the aviation spare parts market is forecasted to grow at a rate of 4% at least until 2018 (Research and Markets report), the percentage of flight delays caused by technical failures is still rising. In fact, various statistics indicate logistics-related delays of spare parts supply still add up to over $20 million per year
Despite successfully cutting down their aircraft spare part pools and eliminating certain inventory costs, airlines, MROs and other industry players these days still find themselves entrapped in vastly inconvenient component procurement processes. Some experts even state that by 2020, most operators will have abandoned their inventory stocks at all. Such transition would translate into an
Unarguably, aviation aftermarket today is a vital segment of the entire industry. Currently valued at over $28 billion dollars, it accounts for nearly half of the MRO market pie. Largely driven by the rapidly expanding global fleet, the development of spare parts market is now seen as a great area to squeeze some additional profit
During a recent DLD conference, Scott Galloway, founder of a benchmarking and education firm L2, shared an insight that the global e-commerce companies are either going to open stores or go out of business. For instance, Amazon can be expected to decline in value mostly due to its ineffective logistics system, which involves shipping products
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