Axya at the 2022 International Aerospace Innovation Forum by Aéro Montréal
Industry Insights
By Samantha Ling
The international Aerospace Innovation forum is a major event in the aerospace industry organized by Aero Montreal. The event’s main target is to promote innovation and business opportunities for Quebec companies.
Big thanks to the team at Aéro Montreal, a Quebec aerospace cluster created in 2006 and including the leaders in the aerospace industry in Quebec, for the great networking opportunity and thoughtful discussion.
Quebec being an important player in the aerospace industry, Aéro Montréal’s mission to increase cohesion and optimize the competitiveness of this market is massively important.
To explore the aerospace players in Quebec, head over to our supplier directory!
This event was a breath of fresh air for the industry having most of its in-person meetings greatly reduced during the pandemic.
As was highlighted in the major themes of sustainability and ESG in the event, there will be a lot of collaboration across the different players in the industry required to achieve important sustainability milestones for the whole aerospace industry.
Events like this are the perfect opportunity to strengthen the links between all players in the market to align incentives, from the big Original equipment manufacturer (OEM) like Airbus to the small innovative startup like Axya!
Eric Martel delivering the keynote address
With the resilience the aerospace supply chain demonstrated during the last 2 years, this need for collaboration sounds like an opportunity to bring the aerospace industry to new heights that surpass the pre-pandemic level!
Axya in Aerospace
Axya being an e-procurement company with a large footprint in the aerospace sector, the event was the perfect opportunity to connect with our customer base.
On top of the business development opportunity, having feedback from what leaders in the industry are thinking about in the long term was massively beneficial.
The main themes of the event match deeply our vision of managing procurement sustainably while taking into consideration not only the cost of the parts sourced but also the environmental impact, diversification of the supplier base, and risk on the supply chain.
Our co-founder discussed these topics with attendees.
The importance of transforming an organization to be more sustainable was well expressed by OEM executives attending who stated that their current challenge to hit environmental objectives within these constraints were:
Improving traceability from the raw material to the end of the supply chain.
Getting their suppliers on board the sustainable business approach.
Ensuring the whole organization is set up so that the right data can be shared easily with various stakeholders.
These discussions around sustainability and sustainable growth built on a core data backbone resonated a lot with us and helped us see how our vision of the future of procurement in aerospace matched the market.
Our software currently allows our clients to have one central place to view and follow their procurement operations data (without having to deduplicate data).
By connecting to our client’s ERP system and enhancing the procurement process we are able to yield up to 90% time-saving in operational time and up to 40% cost-reduction per part sourced.
An example of the high granularity of information available by our software which is collected automatically.
Not only that, but this type of transparency allowed us to reduce the actual RFQ processing by up to 30% on average in an aerospace company.
Visibility is definitely a competitive advantage and a crucial component to reaching some of the most pressing goals of the aerospace industry.
This is even more important as the pressure for the attainment of the ESG objectives is coming from the stakeholders themselves for which ethical issues like this one can’t simply be brushed over.
Key Takeaway from our Aerospace Account Manager
Let’s hear some key takeaways from our aerospace account manager Keven Minier who is managing some of the big enterprises on Axya that were sponsoring the event.
The Aerospace Innovation Forum was extremely enriching! Either it was from meeting new people from the industry, reinforcing relationships with our actual clients or by staying informed on what’s the current challenges in the industry.
Speaking of challenges, the Aerospace industry is definitely facing their fair share. In addition to the target of attaining net zero emissions by 2050, the industry has to navigate through the chaotic state of their supply chain, which is a big issue that is not easy to tackle. A clear example is small suppliers that are seeing their order book being filled like never before and can’t keep up with the pace.
What’s struck me the most is that a big part of the supply chain issues comes down to an information problem.
Keven Minier
Reach out if we missed you!
It was great to meet up with customers, partners, and leaders in the industry at the event. If you wanted to meet, but haven’t had the time, worry not!
We are always happy to discuss with players in the aerospace industry and exchange ideas. Send us a contact request through our contact form or simply connect with our team on LinkedIn:
See you next year! 👋
Yacine Mahdid
The International Aerospace Innovation Forum by Aéro Montréal
The international Aerospace Innovation forum is a major event in the global aerospace community that promotes innovation and business opportunities for Quebec companies. This event is organized by Aéro Montréal and it is already at its 8th edition!
This sort of in-person meeting is crucial in the current highly challenging business climate especially for the aerospace industry.
Collaboration will be critical to come up stronger as an industry considering the pandemic put a big sustained strain on the aerospace supply chains since 2020. Yet, even with all the hiccups of the last 2 years, the aerospace supply chains has shown resilience and high potential to innovate itself.
This forum is the perfect opportunity for Axya to share what it has learned in supporting some of these supply chains amidst one of the most difficult black swan event of this past decade.
This edition will be geared toward meeting the environmental challenge posed in the aerospace sector within the constraint of sustainable growth that promotes diversification and inclusion. With the effect of the pandemic still felt in full force, the business challenges (i.e. labor shortage, supply chain digitalization and risk mitigation) to tackle are ones that will require contribution from highly innovative companies.
Axya will proudly attend and will be in-person at the Palais des congrès de Montréal on September 6 and 7!
Axya in Aerospace
Axya is an e-procurement company that specialized in standardizing and making the procurement workflow more efficient. The clients we work with span multiple industries from aerospace to mining.
However, the result are consistent, more than 90% time saving in operational time and up to 40% cost-reduction per parts sourced.
This is on top of having all of the critical procurement data structured, synced to ERP software and available for analysis automatically.
In the aerospace sector in particular, there is a great use case Axya developed to reduce the RFQ processing time by up to 30%, saving days for each request.
Furthermore, we’ve reduced the risk of supply chain failure by giving built-in visibility on any request progress. This allows for flexible procurement actions like adding new suppliers or answering critical design questions.
Axya is deeply invested in innovation in the aerospace sector, our team never miss an opportunity to network with researchers and industry thought leaders. For instance, this summer Axya was invited by the Centech to partake in a conversation with Airbus executives about the role of artificial intelligence in their operations and how Axya could help accelerate that digital transformation.
Researchers, Startups and Airbus Executives at Centech
The Axya Delegation
Our delegation at the innovation forum will be composed of our CEO and co-founder Félix Adrien Bélisle Dockrill, our business development representative and co-founder Nicolas Gauthier and our account executive Keven Minier.
This will be the perfect time to have impactful business discussion with Axya as our two co-founders have literally built this company from the ground up and our account executive Keven Minier has managed some of the largest aerospace clients we have (from contract negotiation to running the day-to-day operations).
Our CEO notably worked at Bombardier in supplier quality control where he witnessed first-hand the complexities of dealing with suppliers and managing complex global supply chains.
Félix is an avid airplane traveler too!
Reach out
Whether to see the amazing technological solution we have been brewing or to discuss digital transformation in the aerospace sector, don’t hesitate to reach out!
We are in the process of booking meetings with attendee and we will be glad to meet like-minded people excited about the potential of digital innovation in aerospace.
Nicolas and Keven
You can reach out to us via our contact form or directly via LinkedIn to our delegation
See you there! 👋
