Tag: SIOP

SIOP Transformation Delivering life-saving safety equipment "The Kormac Group helped us transform our SIOP process from a report out of information to a key business enabler that drives business initiatives throughout the organization with a Continuous Improvement mindset." -Global Supply Chain Director, Industrial Safety Products Manufacturer

SIOP Transformation
Delivering life-saving safety equipment

A leading manufacturer of industrial safety equipment turned to Kormac for assistance in improving forecast accuracy, demand/supply alignment, inventory turns, and product delivery performance….

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2024 Maze
Feeling a little lost in 2024?

While 2023’s anticipated recession never arrived, geopolitical uncertainty poses continued challenges to forecasting, planning, and execution….

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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...
Inventory Intelligence Inventory Reduction Precision Supply chain disruptions have left many organizations holding excessive inventory. Guided by precise, item-level insights, we're helping clients align, forecast, and make strategic decisions to optimize demand and supply. Typical Results: - 10%-90% cost reduction - 20%-30% inventory reduction - 25%-60% space reduction

Inventory Intelligence
Inventory Reduction Precision

As supply chain disruptions ease, many organizations are left holding excessive inventory accumulated during the turmoil. Our Inventory Intelligence Surgical Strikes provide a path out of the wilderness toward optimized inventory and availability. While inventory executives can typically slice and dice data to reveal relative performance and volumes, they often...
Resource Utilization Resource Whiplash: From Ferocious "Battle for Talent" to Hasty Job Cuts 80% of CEOs say they are or will consider downsizing their employee base in the next 6 months Rather than cut talent you may not be able to replace, we recommend: - Exploring all cost management levers - Implementing robust SIOP to support timely, informed course correction - Redesigning facilities, processes, and workplow to more effectively match labor with demand

Resource Utilization
Resource Whiplash: From Ferocious "Battle for Talent" to Hasty Job cuts

Got whiplash? We went from a ferocious “battle for talent” to talk of widespread job cuts in the span of just a few weeks. A recent CEO survey found that 80% of leaders are or will consider downsizing their employee base in the next 6 months. But before we resort...
Recession Resilience Fortifying for an Uncertain Future Doomsday talk is everywhere, but businesses that cultivate resilience are positioned to thrive in good times and bad [Screenshots of various news article titles about recessions and the economy] Optimized SIOP extends the horizon of forecast accuracy to minimize risk, increase agility, and improve execution in any business climate.

Recession Resilience
Fortifying for an Uncertain Future

The R-word is everywhere, and advisors are touting tips to make businesses “recession proof.” Unfortunately, that concept is more myth than reality. Instead, our objective – in good times and bad – is to cultivate resilience. A “recession resilient” business has implemented comprehensive sales, inventory, and operations planning (SIOP) to...
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...
Supply/Demand Planning SIOP: Advanced Planning Delivers Agility and Responsiveness Risk Avoidance & Opportunity Conversion Decisions Months 0-3: Frozen or Fixed Horizon; Response is typically overtime or expecting. Variability +/- 3% Months 3-6: Capacity Adjust Horizon; Labor and supply chain alignment. Variability +/- 8% Months 6-9: Project Horizon; Professionals, complex Kaizen solutions, CAPEX. Variability +/- 12% Months 9-12: Strategic Horizon; Footprint rationalization, CAPEX, campaigns. Variability +/- 15%

Supply / Demand Planning
SIOP: Advanced Planning Delivers Agility and Responsiveness

Is your organization suffering from SIOP myopia? In our client assessments, we find that 90% of supply/demand discussion focuses on the near-term, neglecting longer term risks and opportunities. Optimized SIOP extends the horizon of forecast accuracy to increase agility and avoid looming constraints. Kormac’s supply chain convergence approach powers an...