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2014 Virtual Supplier Conference
Lockheed Martin held its annual Virtual Supplier Conference on September 17th 2014, and brought together thousands of representatives from suppliers to Lockheed Martin via live webcast. The virtual conference format increases affordability, decreases travel and allows a wide range of businesses to participate.
Suppliers heard a common theme: With over 60 percent of our work going to our supply chain, suppliers have an enormous influence on our performance.
“As we continue to grow our business and extend our reach into new markets, together we must maintain an unwavering focus on delivering outstanding products and services to our customers,” Chairman, President and CEO Marillyn Hewson said in her welcome message.
During the event, Lockheed Martin leaders addressed several key areas, including the Washington environment, ethics and sustainability, affordability, suppler performance, cyber security, counterfeit parts and conflict minerals. In addition, suppliers were introduced to the company’s new branding campaign, with emphasis on their role in helping us engineer a better tomorrow.
“We expect you to be an extension of who we are,” Supply Chain Council Chairman Patrick Sunderlin told suppliers. “We need to provide the best solution we can at the most affordable opportunity, and we need each and every one of you to perform in order for us to be successful.”
A replay of the conference has been made available by accessing the following link: 2014 Virtual Supplier Conference. The replay is divided into chapters; please select the ‘slide view’ (grid) button in the top middle of the screen to move to that section of the Conference. The charts that were presented by our leadership team are available here.
We hope that you enjoy the replay of our 2014 Virtual Supplier Conference and we hope that you can join us in 2015.
Counterfeit Parts Awareness
Preventing counterfeit parts from entering Lockheed Martin products is a critical element of mission success for our company and our customers. At Lockheed Martin, we have the highest level of commitment to provide products that are free from counterfeit parts.
Our suppliers recently received a letter asking for an equally high level of commitment to provide products that are free from counterfeit parts. Through the letter, suppliers are reminded that we require them to utilize trusted, manufacturer authorized, supply chains and for their sub-tier suppliers to be managed in a similar fashion.
Electronic Invoice System
Lockheed Martin Corporation is moving to an electronic invoice system to facilitate more accurate invoices and more timely payment to suppliers. This will replace all paper invoices, and no paper invoices will be accepted. Training is available to learn how to use the new tool. Suppliers can check the status of their invoices and payments.
Frequently Asked Questions on the electronic invoicing system are available. Click here.