The Caution Trap
KPMG Advises “Avoid Excessive Caution”
Excessive caution stifles innovation, hiders agility, and obscures promising investment opportunites….
Category: Insights
Manufacturing Inventory Reduction
Achieved Elusive Inventory Management Target
To improve cash flow while mitigating risk, many companies are reevaluating their approach to inventory management. Excess materials and persistent shortages remain despite the overall recovery from pandemic constraints. When times were tough, gaps in inventory management discipline magnified the impact of constrained supply chains. As conditions improve, discipline gaps still leave...
Foundry Maintenance
Kormac helped a foundry maintenance operation establish critical KPIs and a sustainable maintenance system
A leading supplier of metal components to the mining industry was struggling with manufacturing variability in its foundries. The president turned to Kormac for help in improving operational stability and predictability, including maintenance, operations management, and employee training and retention. Our initial foundry analysis revealed an understaffed and undermanaged maintenance...
Collaborative Culture
Life’s too short for toxicity.
No one wants to work with jerks. Unfortunately, some industries are rife with them, and consulting tops the list. Kormac’s founders previously served at several firms with abusive colleagues and/or leaders. They decided life was too short for toxicity and committed to creating the kind of heart-led organization they always...
Nearshoring to Mexico
Nearshoring: ¡Vamos a México!
Driven by federal incentives, geopolitical risk and pandemic aftershocks, reshoring and nearshoring continue apace. For manufacturers compressing supply chains, nearshoring to our southern neighbor provides a comfortable, cost-effective option. Companies of all size are feeling the pull – even 88% of small and medium sized businesses are “reshuffling their supply...
Getting Warehouses into Shipshape
CNBC State of Freight: What the latest warehouse data is signaling about inflation and the economy
CNBC’s recent “State of Freight” updates reveal “High inventory levels are limiting [warehouse] capacity, and combined with less new square footage coming into the market due to higher interest rates, are keeping prices up even as the economy slows.” Kormac has sensed those headwinds as many manufacturing leaders have recently...
Inventory Intelligence
Inventory Reduction Precision
As supply chain disruptions ease, many organizations are left holding excessive inventory accumulated during the turmoil. Our Inventory Intelligence Surgical Strikes provide a path out of the wilderness toward optimized inventory and availability. While inventory executives can typically slice and dice data to reveal relative performance and volumes, they often...
NYT: Another Big Boomer Effect
“Boomers are (finally) retiring. That could reshape the economy for decades.”
As home value appreciation and pandemic risk prompt more seniors to permanently exit the labor market, companies are facing an experiential “brain drain.” Many teams rely on informal knowledge and know-how trapped in the heads of tenured employees. When we analyze organizations, we often find huge gaps between processes as...
Interim Leadership
Transforming a Plant as Interim GM
We all lose our heads sometimes, but it’s big trouble if a factory does. When a leading manufacturer of aerospace fabricated assemblies lost its facility general manager, executives knew it could take months to find a qualified replacement. Unfortunately, their 50,000-square-foot integrated contract manufacturing facility needed a leader immediately. Kormac...
Manufacturing Inventory Reduction
Achieved Elusive Inventory Management Target
To improve cash flow while mitigating risk, many companies are reevaluating their approach to inventory management. Excess materials and persistent shortages remain despite the overall recovery from pandemic constraints. When times were tough, gaps in inventory management discipline magnified the impact of constrained supply chains. As conditions improve, discipline gaps still leave...
Foundry Maintenance
Kormac helped a foundry maintenance operation establish critical KPIs and a sustainable maintenance system
A leading supplier of metal components to the mining industry was struggling with manufacturing variability in its foundries. The president turned to Kormac for help in improving operational stability and predictability, including maintenance, operations management, and employee training and retention. Our initial foundry analysis revealed an understaffed and undermanaged maintenance...
Collaborative Culture
Life’s too short for toxicity.
No one wants to work with jerks. Unfortunately, some industries are rife with them, and consulting tops the list. Kormac’s founders previously served at several firms with abusive colleagues and/or leaders. They decided life was too short for toxicity and committed to creating the kind of heart-led organization they always...
![Nearshoring to Mexico Nearshoring: ¡Vamos a México! Driven by federal incentives, geopolitical risk, and pandemic aftershocks, restoring and nearshoring continue apace. [Screenshots of various article titles about restoring and México] Kormac's senior operational experts have diverse experience designing, launching, and operating manufacturing facilities south of the border](https://kormacgroup.com/wp-content/uploads/2023/03/Mexico.jpg)
Nearshoring to Mexico
Nearshoring: ¡Vamos a México!
Driven by federal incentives, geopolitical risk and pandemic aftershocks, reshoring and nearshoring continue apace. For manufacturers compressing supply chains, nearshoring to our southern neighbor provides a comfortable, cost-effective option. Companies of all size are feeling the pull – even 88% of small and medium sized businesses are “reshuffling their supply...
Getting Warehouses into Shipshape
CNBC State of Freight: What the latest warehouse data is signaling about inflation and the economy
CNBC’s recent “State of Freight” updates reveal “High inventory levels are limiting [warehouse] capacity, and combined with less new square footage coming into the market due to higher interest rates, are keeping prices up even as the economy slows.” Kormac has sensed those headwinds as many manufacturing leaders have recently...
Inventory Intelligence
Inventory Reduction Precision
As supply chain disruptions ease, many organizations are left holding excessive inventory accumulated during the turmoil. Our Inventory Intelligence Surgical Strikes provide a path out of the wilderness toward optimized inventory and availability. While inventory executives can typically slice and dice data to reveal relative performance and volumes, they often...
NYT: Another Big Boomer Effect
“Boomers are (finally) retiring. That could reshape the economy for decades.”
As home value appreciation and pandemic risk prompt more seniors to permanently exit the labor market, companies are facing an experiential “brain drain.” Many teams rely on informal knowledge and know-how trapped in the heads of tenured employees. When we analyze organizations, we often find huge gaps between processes as...
![Interim Leadership Transforming a Plant as Interim GM When an integrated contract manufacturer lost its GM, Kormac provided a skilled interim leader Client Gratitude: Farewell messages to Kormac GM from dozens of plant employees [overlayed on top of image of the letters] On site for 10 months, our interim GM dramatically improved plant performance and morale](https://kormacgroup.com/wp-content/uploads/2022/12/interim-leadership.png)
Interim Leadership
Transforming a Plant as Interim GM
We all lose our heads sometimes, but it’s big trouble if a factory does. When a leading manufacturer of aerospace fabricated assemblies lost its facility general manager, executives knew it could take months to find a qualified replacement. Unfortunately, their 50,000-square-foot integrated contract manufacturing facility needed a leader immediately. Kormac...