Tag: supply chain

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….

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….

Welcome to the team Patrick Hastings - Managing Partner, Labs & Pharma

Labs & Pharma

Welcome Patrick Hastings!

Kormac is pleased to welcome Patrick Hastings to our team! His leadership career spans roles at Labcorp, Eli Lilly, Mossberg Labs, Bayer Healthcare, and Merck & Co ., with deep expertise in lab and pharmaceutical operations, manufacturing, engineering, and supply chain. …

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….

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….

Global Packaging Machine Shop Optimization Demand for production machines quadrupled as post-pandemic conditions limited supply availability. 390% growth Improved shop floor forecasting, utilization, management tools, and communications Developed effective systems to support on-time delivery performance, transparency, and growth capacity.

Global Packaging

Machine Shop Optimization

Kormac recently helped a global industry leader scale their production machine shops to meet consumer demand….

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...
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...