Lockheed Martin: Managing Supply Chain Complexity with IoT
Applicable Industries
- Aerospace
Applicable Functions
- Logistics & Transportation
Use Cases
- Demand Planning & Forecasting
- Supply Chain Visibility
About The Customer
Lockheed Martin is one of the world’s leading aerospace and defense manufacturers. The company is known for its complex products and highly variable demand. Managing such a complex supply chain requires accurate forecasting and efficient planning. The company's planners need to understand the impacts of changes across deep bills of material with multiple tiers of suppliers. The goal is to keep costs low while meeting customer needs and maintaining high-quality standards. Before adopting Kinaxis RapidResponse, the company had limited visibility into its supply chain, which posed significant challenges.
The Challenge
Lockheed Martin, a leading aerospace and defense manufacturer, was grappling with the complexity of its supply chain. The company's products are intricate, and its demand is highly variable. To keep costs low, Lockheed Martin's planners needed accurate forecasts on the impacts of changes across deep bills of material with multiple tiers of suppliers. However, before switching to Kinaxis RapidResponse, Lockheed Martin had limited visibility into its suppliers up and down the supply chain. This lack of transparency left its planners to make decisions with limited information, which could potentially lead to inefficiencies and increased costs.
The Solution
Lockheed Martin adopted Kinaxis RapidResponse to enhance its supply chain management. With RapidResponse, Lockheed Martin has connected data and empowered planners. Demand simulations are easy to run and more accurate than ever before. The supply chain Center of Excellence establishes task flows and responsibilities, so planners have the information they need when they need it. This solution allows Lockheed Martin to resolve issues as they arise with the assurance that it will still meet customer needs. RapidResponse has provided Lockheed Martin with the agility to make fast, confident decisions across its integrated business planning and digital supply chain.
Operational Impact
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