Tag: material cost

Cost Management: Global costing process deployment. Standard costing for manufacturing across North America, Asia, and the Middle East

Product Costing

Achieving Global Costing Process Standardization

Following a major acquisition, an industrial supplier engaged Kormac to standardize its global costing processes. Leveraging best practices and industry research, we are helping our client partner achieve globally consistent product portfolio insights….

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Achieved 33% unit cost reduction

Unit Cost

Design for Manufacturing

858 parts. 145 suppliers. 1 mission: Dramatically cut costs. A global tech company turned to Kormac for assistance in reducing unit costs on a new electrical systems product. Through Design for Manufacturing assessments and strategic sourcing, we reduced materials cost by $53K per unit and achieved a 33% reduction in total unit cost….

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