Inventory Locator Service
Company type | Parent CAMP Systems International, Inc. | |
---|---|---|
Website | ilsmart |
Inventory Locator Service, LLC (ILS) is an American company that started the first
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
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),
References
- ^ ILS. About Us. ILSmart:Aircraft Parts, Helicopter & Defense Parts, Marine Spares (2009): Web. 5 Oct 2009.http://www.ilsmart.com/aboutus
- ^ a b c Warbelow, Art. "Inventory Locator Service." Harvard Business School. 191.008 (1990): 5. Print.
- ^ a b c "Aviall, Inc.." Company Profile. Hoover's, Inc., 2008. Answers.com 05 Oct. 2009. http://www.answers.com/topic/aviall-incorporated
- ^ "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.
- ^ a b 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>.
- ^ 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>.
- ^ Commercial Credit Report, "Aviall, Incorporated", CreditRiskMonitor.com (2009): 1. Web. 7 Oct 2009. <http://www.crmz.com/Report/ReportPreview.asp?BusinessId=5165>.
- ^ "Aviall Inc, Form PREM14A, Filing Date Jun 19, 2006" (PDF). secdatabase.com. Retrieved May 15, 2018.
- ^ "Boeing to Acquire Aviall to Enhance Its Growing Services Businesses" (Press release). The Boeing Company. 2006-06-05. Retrieved 2009-10-07.