A reliable supply chain is critical for aerospace and defense contractors, and even a slight delay or shortfall can have massive ramifications. With Lumivero’s software solutions, firms can optimize multiple suppliers to minimize failure points and maximize the probability of deliveries, as well as identify high-risk areas in the supply chain that require mitigation strategies.

Accurate estimates for the costs of research, materials, fabrication, and labor are essential when quoting massive aerospace and defense projects. With Lumivero’s software solutions, contractors can get a realistic, probabilistic estimate of materials and labor costs throughout the entire design and build process, as well as understand the likelihood of going over budget under a variety of scenarios.

Aerospace and defense are under constant pressure to adopt new technologies that maximize safety for passengers and soldiers. Yet they have to invest in these technologies without knowing if budgets will be sufficient to deliver a long-term return on investment. Lumivero’s software solutions let decision-makers assess their potential exposure and help determine the best course of action to remain competitive and profitable.

While defense spending around the world fluctuates with changing governmental priorities and commodity and currency volatility, having optimized options and futures strategy that accounts for uncertainty allows for strategic planning in the face of unknowns.

Engineering Reliability
Minimizing risk to ensure the safety for airlines and in space exploration is critical. Lumivero’s tools provide insight into confidence levels around the risk of equipment failure or safety violations and identify areas of weakness to ensure quality results and prevent failures.