Inventory Locator Service
Inventory Locator Service operates ILSmart.com, the world's largest B2B marketplace for aviation and aerospace parts, connecting 29M+ buyers and sellers across 125 countries with AI-powered Fair Market Value analytics, an auction platform, and ERP-integrated eCommerce tools serving operators, MROs, OEMs, distributors, and defense customers.
- Company typePrivate
- Founded1979
- HeadquartersMemphis, United States
- Headcount101–250
- GTM typeB2B
- OfferingDigital Commerce or Content
What Inventory Locator Service does
Inventory Locator Service (ILS), founded in 1979 in Memphis, Tennessee and operating as a subsidiary of CAMP Systems International Inc., runs the world's largest B2B marketplace for aviation and aerospace parts. The ILSMart.com platform connects 29M+ customers across 125 countries, cataloging 1B+ parts and repair services and processing $7B+ in annual parts RFQ value, with 180,000+ daily part searches and 10M+ parts sold through its auction mechanism. The company serves aircraft operators, parts distributors and traders, MRO providers, OEMs, business aviation operators, and government/defense customers.
The underlying technology stack combines a cloud-based marketplace with AI/ML-driven Fair Market Value (FMV) analytics, proprietary parts identification (protected by US Patent 11,593,681-B2 and pending US App 17/213,120), and a 660-million price-point Aviation Data Warehouse. The platform architecture is modular: SalesEdge Commerce provides eCommerce storefronts with native ERP integration to Quantum Control and CORRIDOR; ILS Intelligence (including PartStats, PartsWatch, and the Government Research Tool) delivers market analytics; ILS Bridge extends connectivity to Salesforce, SAP, and Oracle; and API integrations with Block Aero, SmartCert, and ProvenAir support traceability and documentation.
ILS monetizes through a mix of recurring subscriptions (freemium 14-day trial plus quote-based enterprise annual contracts), marketplace transaction fees on the auction and fixed-price platforms, advertising/sponsored listings, and data monetization from FMV analytics. Distribution combines a self-serve product-led growth motion on ILSmart.com with enterprise field sales targeting large operators, OEMs, distributors, and MROs, supplemented by participation in industry events such as MRO Americas. SOC 2 Type II compliance and offices in London, Singapore, Istanbul, and Shanghai support its positioning as a global, enterprise-grade aerospace aftermarket platform.
Inventory Locator Service firmographics
Firmographics- Name
- Inventory Locator Service
- Legal name
- Inventory Locator Service, LLC
- Website
- https://ilsmart.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Inventory Locator Service operates ILSmart.com, the world's largest B2B marketplace for aviation and aerospace parts, connecting 29M+ buyers and sellers across 125 countries with AI-powered Fair Market Value analytics, an auction platform, and ERP-integrated eCommerce tools serving operators, MROs, OEMs, distributors, and defense customers.
- Ownership category
- akta.pro rank
Inventory Locator Service industry classification
Industry- Product category
- Aviation Parts Marketplace
- NAICS
- Industrial Supplies Merchant Wholesalers (423840), Service Establishment Equipment and Supplies Merchant Wholesalers (42385)
- SIC
- Wholesale-Industrial Machinery & Equipment (5084)
- akta.pro primary industry
- Wholesale/B2B Generalist Marketplaces (CRAFAAAF)
Keywords
Where Inventory Locator Service is headquartered
LocationHeadquarters
- HQ city
- Memphis
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Inventory Locator Service business model
Business model- GTM type
- B2B
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription Services: Recurring subscription fees for platform access providing inventory search, FMV analytics, and transaction capabilities. Tiered plans likely based on usage volume and feature access.
- Transaction Fees: Fees collected on parts transactions facilitated through the ILSmart.com marketplace and auction platform.
- Advertising: Sponsored listings and advertising placements on the marketplace platform enabling parts sellers to increase visibility of their inventory.
- Data Monetization: Revenue generated from FMV analytics data and market intelligence sold to aviation industry participants, leveraging the 660 million price points in the ILS data warehouse.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | 14-day free trial for new users |
| Subscription | Annual | Enterprise/custom pricing for large organizations |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
Inventory Locator Service product offering
Product offeringCore offering
Inventory Locator Service operates ILSmart.com, the world's largest B2B aerospace parts marketplace, connecting buyers and sellers of aviation, marine, and defense parts across 125 countries with over 1 billion parts and services indexed. Its core offering is a cloud-based marketplace platform augmented by AI/ML-powered parts identification, Fair Market Value (FMV) pricing analytics, an auction platform for surplus inventory, and SalesEdge Commerce e-commerce storefronts with ERP integration. Revenue is generated through subscriptions, transaction fees, advertising, and data monetization from the Aviation Data Warehouse.
Product overview
Inventory Locator Service operates ILSMart as its core aerospace marketplace platform, offering the world's most dynamic marketplace for aviation parts with over 1B+ parts and services. The platform-plus-module architecture includes SalesEdge Commerce for eCommerce storefronts, ILS Intelligence for market analytics with AI-driven Fair Market Value (FMV) pricing, the Auction Platform for surplus inventory sales, ILS Bridge Integration for ERP connectivity, and specialized tools like the Government Research Tool for defense sectors. The portfolio serves commercial, OEM, MRO, trader, defense, business and general aviation customers with integrated buying, selling, and intelligence capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- SalesEdge Commerce: A digital storefront and eCommerce platform for purchasing aviation parts, launched in partnership with Quantum Control and CORRIDOR ERP.
- ILS Intelligence
- ILS Auction
- ILS Marketplace
Products and services
- ILS Marketplace (ILSmart.com) The world's largest aerospace marketplace connecting buyers and sellers of aviation parts, with 1B+ parts and services, 180K daily part searches, and $7B+ in annual parts RFQ value. Features AI/ML-based purchasing and selling tools, auction capabilities, and FMV pricing for aviation professionals worldwide.
- SalesEdge Commerce Digital storefront eCommerce platform enabling 24/7 online sales of aviation parts with native ERP integration (Quantum Control, CORRIDOR). Features single-page checkout, repeat ordering, custom pricing for corporate accounts, and integrated marketing tools for aviation parts suppliers.
- Fair Market Value (FMV) AI-powered pricing intelligence using 660M price points to provide FMV values for close to 10M parts. Determines real-time market values with confidence levels for buyers and sellers, available via PartStats, Marketplace, and API integration.
- ILS Intelligence / Market Intelligence AI-driven market intelligence platform providing actionable insights from aviation aftermarket data, including Fair Market Value (FMV) analysis, Aviation Data Warehouse, PartStats, PartsWatch, and custom reporting capabilities for aerospace professionals.
- ILS Auction Platform Auction platform for selling surplus aviation inventory, supporting both open and closed auctions with multi-channel marketing campaigns, FMV analysis, and post-auction reporting.
- ILS Bridge Integration Enterprise integration solutions connecting ILS Marketplace with ERP and CRM systems including Salesforce, SAP, Oracle, Quantum Control, and CORRIDOR, enabling real-time inventory synchronization and workflow automation.
- Aviation Data Warehouse (ADW) Cornerstone data warehouse of ILS Market Intelligence, offering indispensable insights for aerospace and defense sectors with comprehensive data powering FMV analytics and market intelligence products.
- PartStats On-demand FMV tool providing supply, demand, and pricing data for individual or batched part numbers, enabling quick lookup of fair market values and price analytics.
- PartsWatch Customizable watch list for specific parts with automated updates on availability and new supplier listings, helping buyers track parts and receive alerts when matching inventory appears.
- Government Research Tool (GRT) Comprehensive resource for government and defense sector with 20M NSNs and 665M records, providing part numbers, alternatives, cross-references, market analysis reports, logistics data, and contract/procurement history.
- Digital Catalog Capability for aviation aftermarket suppliers to extend inventory visibility across additional buyer channels, broadening the reach of supplier inventory on the ILS platform.
Quantifiable outcome
- $7 billion+ in annual parts RFQ value processed
- +3 more outcomes
Companies that use Inventory Locator Service
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles6 records
Inventory Locator Service technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability7 records
Feature7 records
Inventory Locator Service partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, supporting and flagship.
- Quantum ControlcoreERP integration partner for SalesEdge Commerce platform. Quantum Control provides the integration layer enabling seamless data exchange between customer ERP systems and the ILS e-commerce platform, automating order processing and inventory synchronization.
- CORRIDORcoreERP integration partner for SalesEdge Commerce platform. CORRIDOR enables enterprise customers to connect their ERP systems with the ILS marketplace, streamlining procurement workflows and reducing manual data entry.
- Block AerocoreAPI integration partnership creating a connected and traceable aerospace supply chain. The integration combines ILS's marketplace inventory data with Block Aero's traceability and provenance verification capabilities, enhancing parts authenticity assurance.
- SmartCertsupportingPartnership providing aviation documentation services including certificates of conformance and airworthiness verification for parts traded on the ILS platform.
- ProvenAirsupportingPartnership providing aviation documentation and verification services complementing SmartCert for comprehensive parts authenticity and compliance documentation on the ILS marketplace.
- CAMP SystemsflagshipCAMP Systems is the parent company of Inventory Locator Service, providing corporate governance, shared services, and strategic direction for the ILS platform and related aviation services.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Inventory Locator Service competitors and assessment
Company assessmentDirect peers
- PartsBase: PartsBase operates a competing B2B aviation parts marketplace, serving buyers and sellers globally with inventory search, RFQ management, and listing services—directly overlapping with ILS's core marketplace proposition in the same aerospace parts vertical.
- GA Telesis: GA Telesis is an integrated aerospace aftermarket services company with a parts trading, distribution, and teardown business. Its parts trading operations directly compete with ILS marketplace sellers for buyer demand and run proprietary digital platforms for inventory visibility.
- VAS Aero Services: VAS Aero Services is an aftermarket parts provider and authorized distributor serving commercial airlines and MROs. Its distribution business and digital sourcing channels compete for the same transactional procurement dollars that flow through ILS marketplace.
- AJ Walter Aviation: AJ Walter Aviation is a global aerospace parts distributor specializing in components for civil and defense aviation. Its inventory depth and parts trading business make it both a customer and competitor on the ILS marketplace platform.
Broad incumbents
- Aviall (Boeing Distribution): Aviall, a wholly-owned Boeing subsidiary, is the world's largest aerospace parts distributor and operates a digital parts marketplace platform. While vertically integrated with Boeing OEM inventory, it competes with ILS for aftermarket parts demand from operators and MROs.
- Satair: Satair is an Airbus subsidiary that provides material management and parts distribution for the commercial aviation aftermarket. It operates a digital platform competing for parts sourcing budgets that ILS also targets, particularly among Airbus operators and MROs.
- AAR Corp: AAR Corp is a leading aviation aftermarket services provider offering parts distribution, MRO, and integrated supply chain solutions. Its parts distribution business competes directly with ILS marketplace transactions and serves similar operator and MRO customers.
- HEICO: HEICO is a major aerospace and electronics manufacturer and distributor serving commercial aviation, defense, and space. Its parts distribution segment (HEICO Parts Group) provides FAA-approved parts that overlap with ILS marketplace inventory for operators seeking replacement components.
- Honeywell Aerospace: Honeywell Aerospace is a major OEM with a large aftermarket parts distribution business serving commercial and business aviation operators. Its parts catalog and GoDirect Trade digital platform overlap with ILS marketplace offerings for Honeywell component sourcing.
Emerging players
- Lufthansa Technik: Lufthansa Technik operates one of the world's largest MRO networks and hosts surplus parts auctions on ILS's auction platform. Its growing digital aftermarket business represents both a key ILS marketplace participant and an emerging competitor in aviation parts intelligence.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Inventory Locator Service social profiles
Digital presenceInventory Locator Service compliance and trust
Trust signalCompliance1 record
Inventory Locator Service financial estimates
Financial estimateRevenue estimate
Valuation estimate
Inventory Locator Service leadership team
Management profileNumber of profiles
Profiles4 records
Inventory Locator Service funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Inventory Locator Service M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Inventory Locator Service
What does Inventory Locator Service do?
Inventory Locator Service operates ILSmart.com, the world's largest B2B aerospace parts marketplace, connecting buyers and sellers of aviation, marine, and defense parts across 125 countries with over 1 billion parts and services indexed. Its core offering is a cloud-based marketplace platform augmented by AI/ML-powered parts identification, Fair Market Value (FMV) pricing analytics, an auction platform for surplus inventory, and SalesEdge Commerce e-commerce storefronts with ERP integration. Revenue is generated through subscriptions, transaction fees, advertising, and data monetization from the Aviation Data Warehouse.
Is Inventory Locator Service a public or private company?
Inventory Locator Service is a private company. It is classified as corporate owned and is currently operating.
When was Inventory Locator Service founded?
Inventory Locator Service was founded in 1979. It employs 101 to 250 people.
Where is Inventory Locator Service based?
Inventory Locator Service is headquartered in Memphis, United States, in the North America region.
How does Inventory Locator Service make money?
Four revenue lines are on record. Subscription Services are the primary driver. The others are transaction Fees, advertising and data Monetization.
Who are Inventory Locator Service's main competitors?
Direct peers on record are PartsBase, GA Telesis, VAS Aero Services and AJ Walter Aviation. Broad incumbents are Aviall (Boeing Distribution), Satair, AAR Corp, HEICO and Honeywell Aerospace. Lufthansa Technik is listed as an emerging player.
Does Inventory Locator Service have an API?
Yes. ILS offers web services (API) for integration purposes. FMV-specific Web Services API is available for ERP integration, allowing users to access Fair Market Value data directly within their ERP systems. The ILS Bridge integration connects with enterprise systems including Salesforce, SAP, and Oracle. Additionally, ILS has announced an API integration with Block Aero to power a more connected and traceable aerospace supply chain. Developer documentation is at auction.ilsmart.com.
What industry is Inventory Locator Service in?
Inventory Locator Service's product category is Aviation Parts Marketplace. Its primary akta.pro industry code is CRAFAAAF, Wholesale/B2B Generalist Marketplaces. Its NAICS code is 423840 and its SIC code is 5084.