Case Study: Magnetic MRO achieves cost savings in aircraft parts procurement with SkySelect

Magnetic MRO cuts aircraft part costs by 20% with SkySelect

The customer, Magnetic MRO, a global provider of aircraft technical care and asset management, faced operational inefficiencies in procuring aircraft parts. Their procurement process was outdated, labor-intensive, and lacked real-time information, forcing them to manage a high number of orders and suppliers manually. They partnered with the vendor SkySelect and its eProcurement-as-a-Service platform to address this challenge.

SkySelect implemented its unique technology-enabled approach to act as an extended purchasing arm for Magnetic MRO. The solution used robotic process automation and algorithms to automate the ordering process, integrating the supply chain by matching real-time buyer demand with available supply 24/7. This delivered measurable cost savings of 20% or more, eliminated manual effort by reducing the number of orders and suppliers to manage, and provided access to previously hidden deals on the aviation market.

Magnetic MRO