Armac Systems are the latest finalists of the Business Achievers Awards 2006. Based in Drogheda, Ireland, Armac Systems helps companies with a substantial investment in spares inventory can significantly reduce their investment while dramatically increasing their fill rates.

Armac Systems' RIOsys spares provisioning tool is the ideal solution for the complex problem of spares provisioning. RIOsys imports easy-to-obtain spares transactional data and parameters specified by your inventory planner and conducts complex and computer-intensive analysis. RIOsys can then determine the optimum spares-holding quantity per line item and location. RIOsys was developed in collaboration with SR Technics, the largest independent provider of aircraft maintenance in Europe, who use the solution to optimally provision an aircraft spares inventory worth in excess of $500 million. RIOsys is an easy to use, non-intrusive, proven technology that existing systems and processes can easily accommodate without the requirement for integrating systems. Solution Armac Systems’ solution has delivered proven value for many companies in different sectors. RIOsys can save companies millions; both in investment reduction and improved operational efficiency through improved availability of spares.

Business Achievers Competition 2006
The Business Achievers Competition 2006 is sponsored by the Irish Independent and Ulster Commercial Bank Services, one of Ireland’s leading working capital providers and is supported by Enterprise Ireland. This is the fifth year of the Business Achievers Awards. Companies are judged on criteria such as sales performance, market share growth; company milestones; innovative new products or services; export orders; successful achievements by key personnel and major contracts achieved.

About Armac Systems
Armac Systems is an award winning provider of software technology to maximise spares service levels and minimise costs- more information is available at www.armacsystems.com.

About Business Achievers Awards
The prize is €6,000 plus national recognition of the winning company’s achievement. The Business Achievers competition has been created to recognize and acknowledge the achievements of Irish entrepreneurs. The judges will nominate a shortlist of not more than 10 “Business Achievers” who will be profiled in the Irish Independent over the coming months.