The Group Businesses Investor relations Media Careers EN Media OUR NEWS The latest updates about the expansion and development of the Group and its companies Learn more Home Media Our News Locatory Transparency in spare parts pricing 1 Back 2021-12-01 Transparency in spare parts pricing In an environment as crowded as the aviation spare parts marketplace, finding transparency in pricing may seem like an almost impossible task. With the sector flooded with millions of unique part numbers, competing brokers, MROs, and original equipment manufacturers (OEMs), how can industry players be sure that prices are accurate, conducive to profit, and have not been artificially inflated? Recent innovations in technology, such as increased internet speeds, the propagation of IoT, and the demand for Big Data crunching power, have helped increase transparency in pricing and created a less risky environment for customers and suppliers in which to trade. Locatory.com, a family member of Avia Solutions Group, and the leading aviation marketplace in Europe and the eastern hemisphere has taken that transparency to the next level with a comprehensive online tool for sourcing spare parts and repair capabilities. The Locatory.com platform gives greater pricing transparency than many of its competitors via its adaptability and extensive search capabilities. According to Toma Matutyte, Director of Sales and Marketing at Locatory.com Marketplace, “To be more competitive and proactive in the market, players need to be able to compare, analyse, and take reasonable insights from reliable statistics and analytics, and that’s exactly what Locatory.com gives our customers the power to do.” The Locatory platform allows the user to fine-tune their searches using parameters such as price statistics, part numbers, latest trending parts, demand by condition, and hard to find parts, all of which can be further sorted ‘by year’. There is also the added functionality offering Company Statistics, offering overviews of your company’s past and present condition, including historical data concerning spare parts KPIs. Additionally, the Company Actions section of the Locatory.com platform is available for management and admins to minutely examine, analyse, and act on all aspects of process management. Toma Matutyte adds, “There can be no doubt that the aviation aftermarket has seriously influenced the entire industry. With the introduction of next-generation aircraft and the retirement of older models, the spare parts marketplace, including the transparency of pricing, has altered dramatically, making spare parts an important profit resource for OEMs. “By offering better pricing transparency, Locatory.com has opened greater opportunities for easier sourcing, quicker turn-around times, and enhanced profitability in the aircraft parts and repair capabilities sector. The unique capabilities of the Locatory.com platform enable aviation traders to establish pricing and find more opportunities across the entire aviation marketplace.” Prev article Latest news 2021-12-01 Keiron Mc Neill joins RAS completions and interiors as Managing Director 2021-12-01 Transparency in spare parts pricing 2021-11-30 RAS receives EASA Part 145 approval 2021-11-30 JETMS: saving clients’ time and funds through digitalization 2021-11-29 Avia Solutions Group's revenue more than doubled in the third quarter of 2021, earning €37 million in net profit in the first 9 months of 2021 2021 © All Rights Reserved Contacts Headquarters: Address: 117 Arch. Makariou Ave., 5th Floor, Office 505, 3021 Limassol, Cyprus Telephone: +44 20 808 99777 E-mail: info@aviasg.com See all contacts Policies Site Usage Policy Privacy Policy Cookie Policy Shareholder and UBO Data Privacy Notice Subscribe for News! Email address This website uses cookies By using our website you consent to all cookies in accordance with our Cookie Policy. Read more STRICTLY NECESSARY TARGETING ACCEPT ALL DECLINE ALL SHOW DETAILS ×