Tag: sourcing

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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Global Supply Chain Global Supply Base Diversification As in all forms of investment, diversification reduces risk. Tariff talk and geopolitical uncertainty are prompting plans for greater supply and footprint diversification. We enjoy helping our client partners build secure, flexible, and adaptable supply chains suited for our increasingly complex global business environment.

Supplier Diversification
Global Supply Chain

From China+1 to “friendshoring,” supplier diversification is hot. Tariff talk and geopolitical tensions are prompting plans for greater geographic supply diversification. We enjoy helping our client partners build secure, flexible, and adaptable supply chains suited for our increasingly complex global business environment….

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