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Lockheed Martin: Managing Supply Chain Complexity with IoT
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.
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