Tag: cost reduction

Procurement Pitfalls

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….

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Price Hikes

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….

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Tariff Compensation

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….

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Cost Parity

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….

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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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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 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

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...