Avoiding 7 Strategic Procurement Pitfalls
Strategic Procurement offers major supply chain savings, but only when done right. We’ve compiled the 7 most common pitfalls we see in Strategic Procurement deployments, along with the strategies we employ to help our client partners avoid them….
Mitigating Supplier Price Increases
Ready to move from tactical firefighting to strategic advantage? Price hikes are hitting businesses everywhere, but how we respond makes all the difference. We help our client partners develop and install Strategic Sourcing programs that leverage total spend, reduce costs, and protect supply for the long term….
Focus On What You Can Control
Market disruption and policy changes can feel paralyzing, but we urge our client partners to focus on what is within their control to maximize operational plan attainment, resilience, and sustainability. Kormac helps clients swiftly adapt to changing conditions. We’re pleased to share this quick guide to cost management and tariff compensation strategies….
Achieving Reshoring Cost Parity
Reshoring is gaining momentum, but achieving cost parity remains a challenge. Our concise guide outlines key strategies for minimizing upfront investment and achieving production cost targets in domestic operations….
Category Management
We recently partnered with a leading industrial components provider to reduce costs by developing and institutionalizing a rigorous Strategic Sourcing process. In the first spend category, we immediately revealed a 13% to 16% cost reduction opportunity. We’ll soon address major spend categories representing 40% of our client’s annual COGS….
Supplier Development Program (SDP)
Many of our client partners are turning to their supply base for collaborative performance improvements. Formalizing a Supplier Development Program can transform transactional relationships into strategic partnerships delivering outsized mutual benefit….
Challenging Debt Environment
If exit uncertainty has shifted your private equity value creation strategy from exit and acquisition to organic growth and productivity, we can help. …
