Inventory Locator Service

Last updated
Inventory Locator Service, LLC
Company type Private (subsidiary of CAMP Systems)
Industry Aviation, Marine, Defense
Founded1979 (1979), Memphis, Tennessee
FounderJohn Williams
Headquarters
Memphis, Tennessee
,
United States of America
Number of locations
 U.S. :
Memphis, Atlanta, Boston, Dallas, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Diego, Seattle, St. Louis, Washington, D.C., Illinois;
Europe :
London, Paris, Istanbul;
Asia :
Shanghai, Singapore
Owner Hearst Communications
Parent CAMP Systems International, Inc.
Website ilsmart.com

Inventory Locator Service, LLC (ILS) is an American company that started the first e-Marketplace for aviation, marine, and defense industries. ILS has its headquarters in Memphis, Tennessee, United States of America; with relationships globally, especially in North America, through its parent company CAMP Systems, Inc., a subsidiary of Hearst Corporation. [1] Inventory Locator Service was started in May 1979 by John Williams, founder of The Memphis Group, an aircraft parts dealer. [2] ILS provided a business-to-business marketplace for its subscribers to search among millions of parts and negotiate orders. [2]

Contents

History

In 1985, Williams and his three partners became concerned that ILS might be vulnerable to competition and urged selling the company while it was profitable. The other partners agreed to sell and Ryder System, Inc purchased ILS. Ryder was a major player in the aircraft parts and service business, but kept ILS operations separate. [2]

In 1988, ILS moved to a new location in Memphis, Tennessee. A switch in business conduct occurred due to the introduction of DOS software to PC users. Its first Windows software followed in 1994. [3]

ILS introduced Internet access to its database in 1999-2000. In 2001, ILS was changed from a Tennessee corporation to a Delaware limited liability company. It was seeing record usage while other dot-coms folded in the collapse of the Internet bubble. [3] It had about 6,000 subscribers at the time, and was succeeding in the face of new competition from start-ups, airlines, and OEMs. [3]

On September 16, 2019, Hearst’s Camp Systems International acquired Inventory Locator Service (ILS) from the Boeing Company. The announcement was made by CAMP President and CEO Vibby Gottemukkala and ILS, headquartered in Memphis, Tennessee, became part of CAMP. [4]

Acquisitions

In 1983, Ryder acquired some aviation companies, including Aviation Sales Co. Inc. and its subsidiary General Hydraulics Corporation, of Florida, an aircraft leasing firm and spare parts firm. [5] Aviall, an aviation solutions provider, was bought by Ryder in 1985. [5]

In 1993, there was a spin-off of Ryder's aviation businesses, including Aviall. [6] Aviall, Inc., became incorporated in 1993 as an independent global provider of new aviation parts, supply chain management, and other related value-added services to the aerospace aftermarket. Aviall, Inc. also became the parent company to both Aviall Services, Inc. and ILS. [7] [8] Later in 2006, Aviall, Inc. was acquired by The Boeing Company. [9]

Services

Today, ILS provides the largest world-wide digital marketplace and aerospace business intelligence services for buyers and sellers of parts, equipment and services in the commercial and defense aerospace industry seeking to optimize their procurement, supply chain and MRO services. Data available on the ILS marketplace includes OEM (Original Equipment Manufacturer), USM (Used Serviceable Material), PMA data, Airworthiness Directives, Maintenance, Repair and Operations (MRO) Services and Unapproved Parts, and the company also provides aftermarket information on supply, demand, and pricing data including FMV (Fair Market Value). Trusted by the aerospace industry for over 45 years, ILS helps more than 28,000 users in over 165 countries make better decisions and predictions faster with the most comprehensive AI (Artificial Intelligence) driven data services and the largest verified Aerospace part inventory world-wide. In addition, ILS launched the world's first fully integrated eCommerce solution designed for the Aviation Aftermarket, called SalesEdge Commerce™ allowing Aviation Services and Parts suppliers to market and sell 24/7 using a branded eCommerce storefront platform integrated with their website, ILS Marketplace presence and ERP.

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References

  1. ↑ ILS. About Us. ILSmart:Aircraft Parts, Helicopter & Defense Parts, Marine Spares (2009): Web. 5 Oct 2009.http://www.ilsmart.com/aboutus
  2. 1 2 3 Warbelow, Art. "Inventory Locator Service." Harvard Business School. 191.008 (1990): 5. Print.
  3. 1 2 3 "Aviall, Inc.." Company Profile. Hoover's, Inc., 2008. Answers.com 05 Oct. 2009. http://www.answers.com/topic/aviall-incorporated
  4. ↑ "Hearst's Camp Systems International Agrees to Acquire Inventory Locator Service (ILS) from the Boeing Company" (Press release). Hearst. 2019-09-16. Retrieved 2019-09-20.
  5. 1 2 Universe, Funding. "Ryder System, Inc.- Company History: 1980 Acquisitions." FundingUniverse.com (2009): 4-5. Web. 7 Oct 2009. <http://www.fundinguniverse.com/company-histories/Ryder-System-Inc-Company-History.html>.
  6. ↑ Universe, Funding. "Aviation Sales Company – Company History:Key Dates ." FundingUniverse.com (2009): 1-4. Web. 7 Oct 2009. <http://www.fundinguniverse.com/company-histories/Aviation-Sales-Company-Company-History.html>.
  7. ↑ Commercial Credit Report, "Aviall, Incorporated", CreditRiskMonitor.com (2009): 1. Web. 7 Oct 2009. <http://www.crmz.com/Report/ReportPreview.asp?BusinessId=5165>.
  8. ↑ "Aviall Inc, Form PREM14A, Filing Date Jun 19, 2006" (PDF). secdatabase.com. Retrieved May 15, 2018.
  9. ↑ "Boeing to Acquire Aviall to Enhance Its Growing Services Businesses" (Press release). The Boeing Company. 2006-06-05. Retrieved 2009-10-07.
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