SkySelect Company Research Report
Company Overview
- Name: SkySelect
- Mission of the Company: An AI-powered plug & play parts procurement platform for Airlines & MROs aimed at increasing efficiency, reducing costs, and enhancing visibility.
- When was the Company Founded and by Whom: No information is available.
- Key People in the Company:
- Erkki Brakmann - CEO
- Tia Dayal - Chief Experience Officer
- Rain Öpik - CTO
- Nauman Saeed - COO
- Amada Martinez Jaco - VP Sales - EMEA
- Craig Skilton - Director - Supplier Development
- Anna Lepp - CMO
- Jeroen van Duren - VP Operations & Implementation
- Where is the Company Headquartered: 530 Divisadero St., San Francisco, CA 94117
- Number of Employees: No information is available.
- Revenue of the Company: No information is available.
- What is the Company Known For: SkySelect is known for its procurement platform that supports airlines and maintenance, repair, and operations (MRO) organizations with parts procurement by leveraging AI for efficiency, cost savings, and visibility.
Products
Key Products Offered by SkySelect:
1. AI Platform
- Description: An AI-powered platform designed to streamline the entire procurement process from sourcing to order and delivery tracking.
- Key Features:
- Real-time quotations
- Order management with all suppliers
- Delivery tracking
- Standard analytics dashboards
- Automated sourcing recommendation
- P.O. optimization & consolidation
- Automated P.O. change management (coming soon)
- Proactive delay management
- Advanced support features including real-time buyer support and supplier performance management.
2. Supplier Portal
- Description: A dedicated portal for suppliers to manage their interactions with airlines and MROs.
- Key Features:
- Quote easily or automatically with transparent analytics
- Tracking of orders and invoices
- Live chat for buyer-supplier communication
- Detailed analytics and feedback on bids
- Automated adjustment of bids to win deals.
Recent Developments
Latest News and Updates:
1. Integration and Partnerships:
- Integration with AvSight to enhance supplier efficiency and automation.
- Partnership with Ambry Hill Technologies to provide suppliers with additional capabilities.
- Integration with Rotabull for automated aircraft parts quoting process for suppliers.
2. Reports and Analyses:
- Launch of the Aircraft Parts Price & Lead Time Index highlighting trends in parts price and lead time post-COVID.
3. Digital Transformations:
- Helping MTU Maintenance digitize their parts sourcing process.
- Digital transformation partnerships with major airlines such as JetBlue Airways and Avianca.
- Finnair Technical Services using SkySelect for enhanced efficiency and digitalized purchasing.
4. Product Enhancements:
- Introduction of new features in the platform to improve supplier interactions, real-time analytics, and purchasing automation.
- eProcurement-as-a-Service platform now operational, focusing on moving away from manual processes towards digital automation.
5. Customer Onboarding:
- Record number of customers spanning over 600 aircraft onboarded in Q1 2023.
- Collaboration with airlines such as TAP Air Portugal and Magnetic MRO for enhanced parts procurement processes.
6. Performance Metrics:
- Processed over $5 billion in aircraft parts transactions.
- Improvements in performance metrics for airlines and MROs including cost savings, faster cycle times, and enhanced on-time delivery through AI-driven procurement.
Noteworthy Case Studies:
- JetBlue Airways: Increased efficiency fivefold and achieved significant cost savings.
- Magnetic MRO: Automating over 79% of purchases, yielding exceptional cost savings of 19%.
- Azul Brazilian Airlines: Achieves data-driven visibility and process efficiency with SkySelect’s platform.
© 2024 SkySelect, Inc. All Rights Reserved. 530 Divisadero St. San Francisco, CA 94117.
