For the aviation, aerospace and defense industry to continue to innovate, it needs to overcome resistance to change and have a new supply chain strategy going forward.
Revitalizing the Aerospace and Defense Sectors
Sue Doerfler, ISM's Inside Supply Management, on Jan 8, 2021 11:54:55 AM
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Aviation, Aerospace and Defense
Digitization of the Aerospace & Defense Supply Chain
David Grasso, EVP Aviation, Aerospace & Defense and Chris Brumitt, VP Aerospace & Defense, on Mar 17, 2020 3:03:54 PM
Originally published in Aerospace Tech Review Magazine, March 2020 issue
According to David Grasso and Chris Brumitt, despite advances, the aerospace and defense industry still lags behind in taking full advantage of digitization, and still needs to move aggressively towards adopting cultural change and adopting new technologies such as predictive analytics.
Key insights from the article include:
- Modernization projects in defense are more important then ever due to flat year-over-year funding
- Digitization of the supply chain does not start with the technology; it starts with a new business model and processes
- Benefits of digitization go beyond cost savings, and include creating sustainable growth and becoming more agile and responsive
