Magnetic MRO, a provider of total technical care aviation solutions, expanded its long-standing partnership with SkySelect to fully automate its stock replenishment parts procurement. In accordance with this expanded partnership, Magnetic MRO is using SkySelect Procurement AI to automate the purchase of spare parts in an effort to ease the workload, enhance operational efficiency, and generate cost savings. For a seamless end-to-end purchasing experience from the part requirement to delivery, the SkySelect software platform combines technology and services.
As of right now, Magnetic MRO has achieved outstanding results in terms of cost reductions and productivity increases. The Procurement AI contributed to a 19% cost reduction on stock replenishment parts in just October. Since 79% of the purchases made on the SkySelect platform were fully automated by artificial intelligence, the vast majority of these savings were realized without the involvement of any humans.