Tag: risk management

Manufacturing TOW Seamless Consolidation & Transfer Following a series of mergers, an aerospace and defense electronics supplier turned to Kormac for assistance in consolidating several manufacturing sites. - 20% floor space reduction - 17% capital investment reduction - Readiness - robust transfer plan Our transfer of work collaboration included: Needs assessment, manufacturing process enhancement, site requirements definition, line and space optimization, end-to-end project planning, labor planning, OTIF delivery planning, financial documentation, and communications.

Manufacturing TOW
Seamless Consolidation & Transfer

Manufacturers are on the move, with many pursuing facility consolidations and transfers. We recently supported an aerospace and defense supplier in consolidating several manufacturing sites following a series of mergers….

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The Caution Trap KPMG advises "avoid excessive caution" Uncertainty may be the new normal, but it need not be paralyzing Balancing risk and opportunity during uncertain times maximizes transformation and growth potential

The Caution Trap
KPMG Advises "Avoid Excessive Caution"

Excessive caution stifles innovation, hiders agility, and obscures promising investment opportunites….

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Manufacturing Inventory Reduction: Achieved Elusive Inventory Management Target Implemented global best practices; achieved corporate inventory target for the first time in 7 years.

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...
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

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...
Manufacturing Facilities Optimization: Detailed Plant Scenarios and Modeling - Reduced manpoower requirements by 33%, cut warehouse overtime, and optimized off-site storage locations

Manufacturing Facilities Optimization: Detailed Plant Scenarios and Modeling
Reduced manpower requirements by 33%, cut warehouse overtime, and optimized off-site storage locations

As US manufacturers consider reshoring, they’re often prompted to reevaluate the configuration of existing facilities, including storage. We help such leaders develop detailed plant scenarios and models to guide recommendations on combining, consolidating, redesigning, and/or automating plants, including estimated costs and savings for each scenario. To follow is a chemical...
Healthcare Services Maximizing On-Time Delivery "Working with Kormac, you know you can expect a small, focus-driven team that will deliver results." - Vice President, Healthcare Services Company Sales, Inventory & Operations Planning Overhaul Achieved 100% on-time delivery and reduced SKU inventory by half

Healthcare Services
Maximizing On-Time Delivery

Customer delight begins with honoring our commitments. With that truth in mind, a leading healthcare services company turned to Kormac for help in improving its on-time delivery to customers. From forecasting and purchasing to inventory management and product delivery, our client sought to deliver an outstanding experience for its pharmaceutical...