USAGE OF ACCURATE FORECASTS FOR THE DEMAND OF CONSUMABLE SUPPLIES AND REPAIR PARTS FOR THE UNITED STATES DEPARTMENT OF DEFENSE

Open Access
Author:
Capuano, Maegan Eileen
Area of Honors:
Supply Chain and Information Systems
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • Robert Alexander Novack, Thesis Supervisor
  • John C Spychalski, Honors Advisor
Keywords:
  • supply chain
  • forecasting
  • forecast accuracy
  • Department of Defense
  • Lockheed Martin
Abstract:
This paper investigates the potential usage of 100 percent accurate forecasts for the United States Department of Defense and the United States federal government agencies in order to determine which entities within the supply chain would use them and for what purpose. The research concentrates on consumable supplies and repair parts for Lockheed Martin’s end items. An emphasis is placed on parts found in finished products used by the United States Marine Corps, particularly the Joint Light Tactical Vehicle. The topic of forecast accuracy is important because there is currently a tremendous amount of data available on Defense supply chain details. If it were possible to collect and leverage all of this information and accurately forecast the demand of materials, the United States Department of Defense and United States federal government agencies could gain greater efficiencies which would directly benefit the Warfighters. Information currently unavailable that could be useful to various Defense entities within the supply chain is identified through this research as well.