October 3, 2017: Armac Systems has signed a five-year inventory management agreement with Iberia, the flag carrier airline of Spain.
Iberia will implement Armac’s RIOsys software platform and improve 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 to optimise inventory levels and enhance spare parts availability.
This new software application will support Iberia’s decision-making, help identify surplus and shortages, and prioritise 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 said, “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”.