PartsBase

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PartsBase
Private company
Industry Online B2B aviation marketplace
Founded 1996, Houston, Texas
Headquarters Boca Raton, Florida, United States
Area served
Worldwide
Key people
Robert Hammond (CEO)
Number of employees
199[1] (2015)
Website www.partsbase.com

PartsBase is a United States-based online marketplace, functioning as a business-to-business parts locator service[2] for the aviation, aerospace and defense industries.[3][4] It is owned and operated by PartsBase, Inc., headquartered in Boca Raton, Florida. It was briefly traded publicly on NASDAQ (PRTS),[5] but as of 2017 is currently privately held.[5] The company is A+ accredited by the Better Business Bureau.[6]

History[edit]

PartsBase, Inc. was founded in 1996 in Houston, Texas.[3] The company was originally known as Partsbase.Com, Inc., and changed its name to PartsBase, Inc. in July 2001.[1] In 2002, PartsBase, Inc. went private, and has remained a private company ever since.[7] In 2008, Lockheed Martin partnered with PartsBase and renewed its membership to the database each subsequent year. Other major clients include Boeing, Bombardier, Airbus, United Airlines, AAR, the Lufthansa Group, JetBlue, Honeywell, Raytheon,[8] and the U.S. Army, Navy and Air Force.[9][10]

In 2000, the company had 2,500 suppliers, containing over 23 million line items.[11] As of 2015, the number of suppliers had grown to 7,500[12] and direct quotes surpassed $1 billion.[13] About 125 suppliers each received over $5 million each in quotes.[12]

Operations[edit]

PartsBase was developed to provide an interface "for aviation parts buyers and sellers to buy and sell new, repaired or overhauled aviation parts; list products, services and catalogs; and hold auctions for slow-moving and excess inventory."[11] It also provides advertising and search engine marketing services.[11] As of 2016, PartsBase listed 115 million line items, received 2 million page views per month,[12] and processed 600,000 electronic Requests for Quote (RfQs) per month.[13] Over 34,000 part searches were carried out per day.[12][14]

The PartsBase database lists aircraft, helicopter, Airbus, Boeing, Cessna, Piper, Beechcraft, and Embraer parts, and other parts needed for aviation and aircraft repair.[14] The database is currently used by 7,500 suppliers and 30,000 end users in 159 countries.[12] North America is the largest market with about 66% of customers, followed by 16% in Europe and 8% in Asia.[14]

In 2015, PartsBase released Quick Quote, an email-based system that sends information on RFQs to customers.[13] The system monitors the database and alerts companies when it receives specific information on RFQs.[15] Clients can attach files such as traceability, certifications, and pictures, potentially shortening the bidding process.[14]

References[edit]

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External links[edit]

  • ^ a b "Company Overview of PartsBase, Inc.". Bloomberg. Retrieved 2017-06-29. 
  • ^ Alberto Nucciarelli and Massimo Gastaldi (2008). "Information technology and collaboration tools within the e-supply chain management of the aviation industry". Technology Analysis & Strategic Management. 20 (1): 169–184. 
  • ^ a b "Partsbase, Inc.". Google Finance. Retrieved 2017-06-29. 
  • ^ Philippe Malaval, Christophe Bénaroya, Jonathan Aflalo (2013). Aerospace Marketing Management: A Handbook for the Entire Value Chain. Springer Science & Business Media. p. 253. ISBN 3-31901-354-8. 
  • ^ a b "Partsbase Inc (PRTS) IPO". Nasdaq. Retrieved 2017-06-29. 
  • ^ "Partsbase Inc. BBB Accredited Business Profile". Better Business Bureau. Retrieved 2017-06-29. 
  • ^ "PartsBase Merger Transaction Closed". BusinessWire. 2003-02-21. Retrieved 2017-06-29. 
  • ^ "Partsbase, Inc. Company Profile". Retrieved 2017-06-29. 
  • ^ "PartsBase". Acquisition Community Connection. Retrieved 2017-06-29. 
  • ^ Sandor Boyson, Lisa H. Harrington, Thomas M. Corsi (2004). In Real Time: Managing the New Supply Chain. Greenwood Publishing Group. p. 93. ISBN 1-56720-431-7. 
  • ^ a b c "Profile - PartsBase, Inc.". Yahoo Finance. Retrieved 2017-06-29. 
  • ^ a b c d e "PartsBase, Inc. 7,500 Member Companies On Pace For $1 Billion In Quotes For 2015". TheStreet. 2015-06-24. Retrieved 2017-06-29. 
  • ^ a b c "PartsBase, Inc. 7,500 Member Companies on Pace for $1 Billion in Quotes for 2015". MarketWatch. 2015-06-24. Retrieved 2017-06-29. 
  • ^ a b c d "PartsBase 20th Anniversary Brochure" (pdf). PartsBase. 2016. Retrieved 2017-06-29. 
  • ^ "PartsBase Contract Renewed By Lockheed Martin for Seventh Year". Aviation Pros. 2015-06-11. Archived from the original on 2015-08-15. Retrieved 2017-06-29.