OMNIA Partners Blog

How an Industrial Savings Tool Can Increase Your Profitability

Posted by Kaman Industrial Technologies on August 24, 2021


Procurement pros are constantly plowing ahead no matter what types of challenging circumstances. You work to make strategic and effective decisionsThe best procurement teams master the ability to mitigate risk, build resilience, improve financial controls, and at the end of the day save the company money.

increasing profitability with KIT

As you’re instrumental in navigating how your organization achieves substantial gains in profitability, there’s a management tool to help you do that. Members of OMNIA Partners have access to a tool called Documented Savings from Kaman Industrial Technologies (KIT). 

Documented Savings can help your company save on plant operations, production, and maintenance expenses, and have it all documented in writing. Think about this concept for a second. You have an opportunity to identify, then document in writing, potential product and process improvements that benefit you. KIT came up with the idea 15 years ago, and the savings generated by this cost management strategy continue to be widespread and significant today.  

 

Advisors in Profit and Productivity

This isn’t about selling you replacement parts. Through the Documented Savings program, the goal is for Kaman Industrial Technologies (KIT) to function as your business partner, offering sound analysis, keen insight, and practical advice on how to become more profitable. That’s also the benefit of partnering with a group purchasing organization (GPO). A GPO is your procurement team’s advisor and advocateconnecting you to industry-leading suppliers like KIT. OMNIA Partners has a diverse portfolio of group purchasing contracts that can help procurement professionals leverage better pricing, service levels, and account representation from suppliers.  

 

To learn more about the Kaman Industrial Technologies program click here.

 

Bottom-Line Savings Documented in Writing  

KIT documented savings

KIT’s Documented Savings program is a “Total Asset Management” approach to doing business with the intended goal of boosting productivity and bottom-line savings while reducing downtime. Too good to be true? Absolutely not. This is attainable through a comprehensive, highly refined, and thoroughly tested analytical approach to reducing transaction, operational, and product costs.  


Documented Savings helps your team with inventory, procurement, store rooms, tool rooms and supply chain management.  


You’d have access to innovations in advanced information systems – like EDI, barcoding, SPC reports – along with application upgrades, sole source national agreements, alliance partnering, and international support that can help you improve the efficiency of your operation while driving more profit to your bottom line. 

 

Driving Cost Out of your Process  

Check out the areas that the Documented Savings program covers for your organization: 

Kaman Cost Savings
  • Inventory Cost Savings & Management 
  • Operational Cost Savings 
  • Maintenance Cost Savings  
  • Engineering Cost Savings  
  • Installation Cost Savings  
  • Electronic Commerce/EDI/Internet 
  • Unit Cost Savings  
  • Value-Added 

GPO members can use this management tool to help you with product solutions, support services, and programs so you’re better aligned with the needs of your facilities and industrial teams.

DISCOVER DOCUMENTED SAVINGS


About Kaman Industrial Technologies and OMNIA Partners

Kaman Industrial Technologies (KIT) delivers the greatest total value to make their customers more productive, more competitive, and more profitable. Members of OMNIA Partners can utilize the KIT program, which has the most technically talented product application people, the most customer-focused service and support personnel, and by continuously improving their business processes. Discover our entire contract portfolio or request more information about KIT today.  

Topics: Industrial Supplies and MRO, Kaman Industrial Technologies

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