SkySelect

🌟 Exciting News! 🌟  We are thrilled to announce our recent feature on #AviTrader! Our latest press release highlights how MTU Maintenance  enhances engine parts sourcing with SkySelect. Read the full story here: https://lnkd.in/d4Pi5h6z #Aviation #Innovation #MTUMaintenance #SkySelect #PressRelease #aircraftmaintenance #MRO #Aviationnews #Airlinesandairplanes #Aritravel #Aviation #Aircraft #Procurement #Digitalization #Automation #Supplychain #Aviationindustry  #Airlines #Article #Aviationnews #Mroservices #Supplychain #Aircraft #Airtravel #Aviation #airplanesandairlines #aircraftparts #aircraftmaintenance

Our research suggests procurement departments are spending ample resources negotiating contracts that may yield less desirable results in terms of on-time performance (OTP) and cost savings metrics compared to buying transactionally and competitively. For instance, did you know the OTP of transactional purchases is on average 15% higher? Get all the details (including more graphs and stats) here: https://lnkd.in/etvgQzYj

FOOD FOR THOUGHT 🤔 Long-term agreements (LTAs) are a popular strategy deployed by buying teams to simplify procurement processes with the promise of cost savings and on-time delivery. However, according to our research, to achieve the highest absolute savings, automating sourcing across hundreds of suppliers (and buying transactionally) offers the highest cost-saving potential. Head over to our blog to learn more: https://lnkd.in/etvgQzYj What's your experience with LTAs? Let us know in the comments!

Are long-term contracts still viable for procuring parts in a timely and cost-effective manner? Here's a quick summary: ⏱ On-time performance (OTP) is on average 15% higher with transactional purchasing 💰 Cost savings at the part level are good with contracting; however, transactional purchases have the highest cost savings contribution potential. 👩💻 With the modern technology available today, one can maximize both on-time performance and cost savings potential through transactional purchasing. Get all the details in the link in the comments 👇

Erkki Brakmann & Nauman Saeed examine whether contracts & catalogs deliver on the promise of on-time performance and cost savings. According to our research, sourcing across broad market supplier participants (top-tier and long-tail) yields better on-time performance and savings metrics. 👇 Head over to our blog to learn more!

Long-term exclusive and non-exclusive agreements (LTAs), price sheets and catalogs requests from customers are on the rise with hopes of improving part service levels first and pricing second. However, the data suggests, procurement departments are spending ample resources negotiating contracts that may yield less desirable results in terms of on-time performance and cost savings metrics compared to buying transactionally and competitively. Get all the details in a guest post by Erkki Brakmann and Nauman Saeed on MRO Business Today

Rising costs and increasing obstacles are piling up for the procurement departments of airlines and MROs. So what might be the remedy to alleviate the pressure of these challenging times? Turnaround management. Deploying AI technology with a proper change management plan is the fastest and most effective way to execute turnaround management of a purchasing team, and frankly, is critical to future success and scalability. A proper deployment quickly and significantly enhances the strategic focus and improves outdated processes. 

Learn how we helped MTU Maintenance digitalize part of its procurement system. ”Thanks to SkySelect’s software, we’ve been able to reduce our time spent sourcing parts, while receiving highly competitive offers from suppliers. Their platform provides exactly what we need, as we increasingly digitalize MTU Maintenance’s processes.” Patrick Holzkamp, Director Purchasing USM at MTU Maintenance Hannover GmbH

As AI adoption increases in aviation, airlines and MROs are flocking to SkySelect to become more efficient, save money and reduce purchasing cycle times. Want to learn how your airline or MRO can benefit from Procurement AI? Reach out to Sinikka Marten or Tia (Tulika) Dayal and schedule a meeting leading up to Air Carriers Purchasing Conference!

We'll be attending the Air Carriers Purchasing Conference in Dallas, TX! Reach out to Tia (Tulika) Dayal or Sinikka Marten to connect before the show or schedule an on-site meeting. Looking forward to seeing everyone there!