SR Technics and Vietjet Air sign a Memorandum of Understanding worth US$150 million
Armac Systems, a world leading provider of inventory optimization software and consulting services for the aviation industry, is pleased to announce that it has signed a five-year inventory management agreement with Iberia.
As part of the new agreement, Iberia will implement Armac’s RIOsys software platform and enhance its inventory management processes using Armac’s Inventory Planning Capability Model (IPCM) to leverage proven industry best practices. RIOsys will integrate with Iberia’s SAP system, providing an additional layer of intelligence to optimize inventory levels and improve spare parts availability.
This new software application will support Iberia’s decision-making, help identify surplus and shortages, and prioritize daily activities to assist Iberia’s inventory planners in their jobs. The new solution will also help the Spanish airline reduce its capital and operating expenditure while increasing transparency, accountability and management controls over inventory planning.
Iberia CTO André Wall comments: "Having the right components in the right location to provide high levels of aircraft technical dispatch reliability is a vital part of our business in Iberia Maintenance. We are excited to work with Armac to deliver increased material availability whilst reducing our Capex and operational costs.”
Armac CEO Micheal Armstrong is very pleased with the new deal: “As the new deal with Iberia shows, the world’s top airlines are increasingly looking for a proven, industry-leading approach to inventory management. Our solution helps both airlines and MROs provide improved spare parts availability at the lowest economic cost”
About Armac Systems
Armac Systems is at the forefront of new-generation, intelligent inventory planning systems and solutions. With a strong focus on supporting airlines and MRO providers, the company has saved millions for aviation organizations. The Armac’s solution has been developed in collaboration with academic institutions and industry leaders, leveraging scientific research and the latest advances in big data business intelligence techniques. Armac Systems is wholly owned by SR Technics. For further information, please visit www.armacsystems.com.