ILS Enhances Digital Parts Tools
Inventory Locator Service (ILS) is amplifying its digital supply chain solutions for the aviation aftermarket with a number of new updates and additions.
The first solution is aimed at making parts management easier for users of CAMP Systems’ Corridor aviation maintenance software. ILS is integrating its ILS Marketplace into the cloud-based Corridor NextGen Service Center Software with the launch of ILS Bridge for Corridor. The integration will enable Corridor users to automatically list all or partial inventory directly on ILS Marketplace and ILS says it will simplify inventory and request for quote (RFQ) management for buyers while enabling intelligent supply chain management with real-time connectivity.
According to ILS, its Bridge for Corridor is available in early release for selected customers and is already being implemented by more than 300 users. ILS introduced a similar bridge for Component Control’s Quantum ERP software last year.
ILS has also updated several of its digital market intelligence tools. It has enhanced the artificial intelligence and machine learning capabilities of its Fair Market Value (FMV) tool, which provides users with up-to-date market values of parts and services. It has added supply and demand indices and expanded confidence levels and anomaly detection capabilities. ILS says FMV calculation also now spans the part number, its condition and description level. According to ILS, these enhancements provide more accurate FMV values, enable different applications based on the scenarios for a part number and are now available on-demand in its other solutions, such as PartStats and SalesEdge.
Its intelligent RFQ and smart quoting management tool, SalesEdge, is being updated with MultiQuote functionality, which enables users to select multiple RFQs to quote at once. ILS says this functionality will eliminate duplication of effort and improve sales productivity. Introduced last year, ILS says SalesEdge is designed to help sellers prioritize and quote incoming requests from potential buyers.
ILS has also expanded its IPC Analyzer portfolio, which provides parts insights on the most widely-used commercially operated airframes and engines to find the most valued and in-demand parts. It has added the Airbus A340 to the portfolio alongside other airframes from Airbus, Boeing and Embraer, as well as engines from CFM, GE, International Aero Engines and Pratt & Whitney.
The A340 has become a popular model for teardown, with several airlines such as Virgin Atlantic and Iberia retiring the aircraft from their fleets in the past year. According to Aviation Week’s 2021 Fleet & MRO Forecast, there are currently 72 A340s in service, but that number will dwindle to just three by 2030.