Inventory Locator Service,® LLC (ILS), the leading supply chain solutions provider in the aerospace and marine industries, recently released a new auction platform that offers its customers an additional alternative for reaching potential buyers.

ILS continually seeks to offer the most functional and efficient forum for its buyers and suppliers to connect. “ILS is dedicated to improving our members’ business,” said Don Wilson, vice president of sales. “This new and enhanced auction capability will increase sourcing and service options across the aviation, defense, and marine communities which we serve.”

The auction solution helps ILS members divest their surplus inventories with ease. While ILS has been hosting auctions for over 10 years, the new platform contains upgraded features on both sides of the transaction. Personalized features include photographs of inventories, part certifications, and lot details. Customers also control their price and bid rules, controlling where, when and how their products are marketed.

ILS will be exhibiting at stand 930, at MRO Europe at the ExCeL London Exhibition & Convention Centre September 24-26th in London, UK.

About Inventory Locator Service,^® LLC, a Boeing Subsidiary (www.ILSmart.com)

Since 1979, ILS has provided information via its global electronic marketplace, ILSmart, to enable customers in the aerospace, defense and marine industries to buy and sell parts, equipment, and services. ILSmart is the most active business-to-business electronic marketplace serving these industries. ILS also provides Supply Chain Management Software solutions and powerful aftermarket trending tools.

Headquartered in Memphis, Tenn., ILS has offices in Atlanta, Boston, Dallas, Dubai, Frankfurt, Istanbul, London, Los Angeles, Miami, New York, Paris, Philadelphia, Phoenix, San Diego, Seattle, Shanghai, Singapore and St. Louis. ILS is a Boeing subsidiary.