MRO Smart Hub
Growing aircraft fleets have propelled the commercial airline maintenance, repair and overhaul (MRO) sector into steady growth for the next decade. Pre-Covid estimates by Oliver Wyman estimated the MRO market for 2020 at USD $91.2 billion. Current estimated MRO market for 2020 is $50.3 billion. Facing a continuously growing aftermarket, airlines and MRO service providers lack the optimum level of transparency to determine the best price and timeframe of needed material, consequently leading to costly resource and supply chain inefficiencies.
With IATA’s MRO SmartHub, airlines and MRO service providers are expected to shave 10-15% off material cost through an innovative web-based business intelligence platform.
Through the platform, users are provided a multitude of value-added statistics presented in a simplified and efficient method allowing for easier demand consolidation, material procurement, inventory valuations, and excess spares resale opportunities.
*Source: Oliver Wyman