This makes the task of managing value chains especially difficult.

Opportunities for Improvement in Lockheed Martins' Value Chain

In evaluating how Lockheed Martin can become more effective in its value chain strategies, there is the immediate need to create a more agile platform to base the entire value chain on. The use of Service Oriented Architectures (SOA) and the extension of the value chain to services partners globally to handle Maintenance, Repair, and Overhaul (MRO) tasks is critical. Lockheed Martin expects to see a majority of their revenue from MRO throughout the next ten years, and the fine-tuning of their value chains will be essential for this goal to be achieved. In addition, Lockheed Martin needs to consider bringing their customers into the definition and strategic management of value chains, creating advisory councils to ensure their customers' needs are understood and reflected in the process workflows. The bottom line is...
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