Tag: supply chain management

Medical Device Supply Chain Complexity & Agility - Addressed $11.1MM+ overage in raw material components and $5.6MM+ overage in finished goods inventory

Medical Device: Supply Chain Complexity & Agility
Addressed $11.1 MM+ overage in raw material components and $5.6 MM+ overage in finished goods inventory

Supply chains have proven a compelling scapegoat, but many of the recent challenges reveal underlying dysfunction that preceded the pandemic. For one medical device manufacturer, supply chain (SC) complexity was creating costly overages in materials and finished inventory. Their build-to-order SC process optimized part and component costs, but did so...
Global Manufacturing Supplier Visibility and Planning - Reduced airfreight costs by 43% ($47MM) with increased component visibility

Global Manufacturing: Supplier Visibility and Planning
Reduced airfreight costs by 43% ($47 MM) with increased component visibility

Continuing our discussion of current supply shortages and bottlenecks, Kormac excels at helping clients cultivate supply visibility and reliability amidst challenging conditions. For example, a global manufacturer of vehicle seats sought to maintain 100% OTIF (On-Time and In-Full order fulfillment rate) but suffered from inadequate visibility to component suppliers’ capacity...
Heavy Outdoor Equipment in front of a sunset. Photo by WORKSITE Ltd. on Unsplash

Heavy Equipment: Order Backlogs & Supplier Availability

Temporary supply shortages are making economic headlines as drivers of inflation and order backlogs. Kormac addressed the same uneven supply availability during the last recovery. One of our clients, a global Oil & Gas heavy equipment manufacturer, lost critical suppliers when the 2008 economic crisis drove many small machine shops...
Large table containing Supply Chain Best Practices by Function. To view contents, download the PDF (https://kormacgroup.com/wp-content/uploads/2021/07/supply-chain-best-practices.pdf)

Supply Chain Best Practices by Function

Expanding on last week’s post, to follow are Kormac’s best practice supply chain features by function. From demand planning through execution and logistics, we apply our proven framework to optimize client processes and improve service performance. For one global manufacturer of optical and ceramic products, we delivered an actionable, comprehensive...
Large table containing Supply Chain Best Practices: Global Features. To view contents, download the PDF (https://kormacgroup.com/wp-content/uploads/2021/07/supply-chain-best-practices-global-features.pdf)

Supply Chain Best Practices: Global Features

As we face the greatest supply chain challenge in modern history — the global rollout of a coronavirus vaccine — we felt compelled to share our best practices. Below are some of the critical features Kormac designs and incorporates into supply chains to ensure seamless, sustainable, agile performance. Next week,...