Tag: supply chain

Cost Management Rebalancing the margin tug-of-war Does your organization struggle to achieve financial goals in an increasingly volatile marketplace? [iconography of two teams playing tug of war, with the target margin in the middle. Text above the image reads "Kormac Rebalancing"] Cost Pressures: Labor, Materials, Logistics, Real estate, Technolgy Market Pressures: Pricing, service delivery, quality, lead time, social responsibility Kormac's Surgival Strike Methodology™ delivers the agility you need to meet your financial objectivers.

Cost Management

Rebalancing the margin tug-of-war

As the labor and supply cost rollercoaster continues, we are working with several clients to identify new management levers. Among them: Increasing the frequency of cost reviews to ensure faster customer price adjustments and/or tying customer pricing to component market indices Executing Value Analysis and Value Engineering efforts to drive...
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...
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...
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...
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...
Executive Opportunity Seeking S&OP Leader Opportunity: Associate Director, Sales & Operations Planning, Covance by Labcorp Build and implement a world-class Sales & Operations Planning process across the enterprise to improve customer satisfaction, profitability, inventory turns, lead times, quality and resource planning. [Covance by Labcorp logo appears on the bottom of the image]

Executive Opportunity

Seeking S&OP Leader

Calling all world-class S&OP executives! Covance by Labcorp, a leading global life sciences company and friend of The Kormac Group, is seeking candidates for an Associate Director of Sales & Operations Planning role.

Contact Kormac at +1.704.266.3555 for more information…

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,...