Kinaxis Case Studies Lockheed Martin: Managing Supply Chain Complexity with IoT

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	Lockheed Martin: Managing Supply Chain Complexity with IoT Kinaxis

Lockheed Martin: Managing Supply Chain Complexity with IoT

Kinaxis

Applicable Industries	Aerospace
Applicable Functions	Logistics & Transportation
Use Cases	Demand Planning & Forecasting Supply Chain Visibility
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. Read More
About 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. Read More
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. Read More Log in to view content
Contents

Applicable Industries

Aerospace

Applicable Functions

Logistics & Transportation

Use Cases

Demand Planning & Forecasting

Supply Chain Visibility

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.

About 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.

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.

Impact #1	The implementation of Kinaxis RapidResponse has significantly improved Lockheed Martin's supply chain management. The company now has better visibility into its suppliers, which allows for more informed decision-making. Demand simulations are now easier to run and more accurate, leading to more efficient planning and forecasting. The supply chain Center of Excellence has established clear task flows and responsibilities, ensuring that planners have the information they need when they need it. This has enabled Lockheed Martin to resolve issues promptly as they arise, with the assurance of meeting customer needs. Overall, the solution has enhanced agility and confidence in decision-making across Lockheed Martin's integrated business planning and digital supply chain.

Impact #1

The implementation of Kinaxis RapidResponse has significantly improved Lockheed Martin's supply chain management. The company now has better visibility into its suppliers, which allows for more informed decision-making. Demand simulations are now easier to run and more accurate, leading to more efficient planning and forecasting. The supply chain Center of Excellence has established clear task flows and responsibilities, ensuring that planners have the information they need when they need it. This has enabled Lockheed Martin to resolve issues promptly as they arise, with the assurance of meeting customer needs. Overall, the solution has enhanced agility and confidence in decision-making across Lockheed Martin's integrated business planning and digital supply chain.

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Overview

Lockheed Martin: Managing Supply Chain Complexity with IoT

Operational Impact