AAR is an independent provider of services to commercial aviation and government customers worldwide. The company was incorporated in 1955 and today has revenues of about $1.6 billion with thousands of employees around the world. AAR combines a close-to-the customer model with a full menu of services to help customers operate more efficiently, reduce costs and maintain high levels of quality, service and safety.
AAR is traded on the NYSE under the ticker AIR. AAR is the largest aircraft repair company in North America. The CIO, Kevin Larson supports enterprise applications, customer-facing business development, network& hosting infrastructures, cloud migrations and cyber security updates to the Chairman and Board of Directors.
This article will touch on several of the most pressing technology initiatives for Aerospace and many other industries which include: mobility, data analytics, along with Digital initiatives. Other on-going projects at AAR include automated inventory management programs and business intelligence with operational dashboards providing extensive visual displays across the aircraft repair and Supply Chain operations.
The aviation industry is highly regulated, FAA-controlled, driven by data and can be dynamically connected between: OEMs (Original Equipment Manufacturers), Suppliers, Partners, and Customers. Various technology and integrated solutions help the airlines compete in the competitive aviation landscape. The linkage between the aviation eco-system is connectivity, data sharing, and data collection to improve financial performance, productivity, operational excellence, and most importantly safety of flight. Safety of flight and quality are the number one objectives for every worker, company, and airline operator that support the global aerospace industry.
A key service to the airlines is having the right part, component, or exchange material when the customer has a requirement. Aviation part distributors and supply chain operations utilize demand planning and replenishment distribution software to ensure the right part is on the shelf at the right location. Several forms of automated transaction can be conducted with, “Aviation Marketplace Exchanges.” Marketplace sites bring together many different parties for collaboration on: part listings, demand RFQs, repair capabilities, and seamlessly match customer, suppliers, and repair organizations to conduct electronic and automated business.