Tag: cost reduction

Strategic Sourcing Category Management Savings Kormac is helping an industrial components provider to reduce costs by developing and institutionalizing a rigorous Strategic Sourcing process. Initial results in Metal Fabrication: 13% to 16% cost reduction across 59 parts We're currently addressing major spend categories addressing 40% of our client's annual COGS. In 2025, we'll tackle the "spend tail" to uncover additional savings on lower-use items.

Strategic Sourcing
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….

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"Working with suppliers is just as important as listening to customers." - Barry Nalebuff, Yale School of Management

Supplier Development
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….

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Private Equity: Challenging Debt Environment. If uncertainty has shifted your private equity value creation strategy from exit and acquisition to organic growth and productivity, Kormac is here to help. Grant Thornton's survey on the Top industries for M&A activity in the next 6 months shows that 34% goes to Technology, media, entertainment and communications. 32% goes to Banking. 32% goes to Healthcare. 31% goes to Services, and 25% goes to Real Estate/construction. It is noted that respondents were able to select up to three industries.

Private Equity Exits
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. …

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Surgical Strike Results Our Surgical Strike Methodology™ empowers us to meet client needs with exceptional speed and precision. - 2x to 3x rapid revenue growth - 10% to 90% cost reduction - 2% to 15% margin improvement - 15% to 110% on-time delivery improvement - 35% to 85% OEE improvement - 25% to 60% space & labor rationalization

Surgical Strike Results

Sur·gi·cal [/ˈsərjək(ə)l/] adj. – characterized by extreme precision or incisiveness. Kormac’s laser-focused Surgical Strikes target specific client needs and deliver accelerated results. Clients are consistently impressed by the speed and scale of results achieved by our small teams of experts that do more with less. For detailed case studies describing...