Inventory Locator Service (ILS)

Inventory Locator Service (ILS), marketed as ILSMart, runs an online marketplace and market intelligence platform for the aerospace aftermarket. Buyers use it to find parts and repair services, and sellers use it to list inventory and reach buyers. The company is based in Cordova, Tennessee, near Memphis, and says it has provided aftermarket intelligence for nearly four decades.

For buyers

• Search for aerospace parts and repair services across the listed inventory, which the company puts at more than one billion parts and services
• Log in directly or through an ERP system to connect procurement with the marketplace
• AI and machine learning based purchasing tools

For sellers

• Reach a buyer community across commercial, OEM, MRO, trader, defense, business and general aviation segments
• SalesEdge Commerce, an eCommerce platform for suppliers to sell directly online
• AutoQuote, which lets sellers quote automatically on items they have priced
• Digital advertising for visibility, plus auctions for surplus inventory
• Real-time integration with the seller's supply chain system

Market intelligence

ILS also provides aftermarket data to financial institutions, analyst firms, consultancies and appraisers. The company says its data warehouse holds more than 500 million part price points. Tools include Fair Market Value analysis for new (OEM and PMA) and overhauled parts, with quote history, published and retail pricing and procurement history by region, plus custom reports on supply, demand and pricing trends.

Company facts

• The company says buyers send over US$7 billion in RFQs through the platform each year
• Customers quoted on its site include Air France Industries and BAE Systems
• International contacts in the United Kingdom, Turkey, China and Singapore