When Robert McNamara, one of the “Whiz Kids” who helped to turn around the fortunes of Ford Motor company, entered service as President John F. Kennedy’s Secretary of Defense he took his private sector business practices to the Pentagon.
In order to consolidate purchasing of items integral to the country’s national defense, McNamara created the Defense Logistics Agency which has grown to the size of a massive corporate entity employing 25,000 workers and processing tens of thousands of orders daily. Now more than 50 years after the agency’s founding, it faces its first ever outside audit along with renewed questions about how it operates and how it spends its billions in taxpayer funds.
Bryan Bender, defense editor at Politico explored the organization and its efforts at reform in the article, “How do you buy $7 billion of stuff you don’t need?”
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?