Increased efficiency and reduced costs are just two of the benefits that K2 can deliver; we will draw on the knowledge and experience of our Supply Chain Team to deliver the solution that is best fit for your organisation. In addition to the development of an appropriate Supply Chain Management philosophy and strategies, K2 can provide high value solutions to our customers in the following areas of the supply chain.

Supply Chain Management

Computerised Systems Integration

K2 can assist with supply chain management by providing supply chain and maintenance personnel in addition to our proprietary ADAM software package to facilitate the integration of production facility, maintenance and inventory or warehousing modules.

Inventory Optimisation

As part of our asset management services, K2 can provide supply chain solutions by conducting a detailed spares inventory analysis to identify optimal stocking levels that assist in reducing inventory costs. The categorisation of spares will allow for further detailed analysis that will reduce the number of duplicate items and rationalise vendors. This can also provide the foundation for materials agreements which will ultimately lead to lower spares costs.

Cataloguing

The cataloguing process of supply chain management is the systematic collection, identification, compiling and recording of equipment and materials data. Individual items are uniquely coded and presented in a concise logical manner that can be interpreted by internal and external customers. K2 has specialist cataloguers who can assist organisations with all cataloguing requirements.

Warehousing

K2 has completed and successfully delivered supply chain management projects where warehouse layout and design improvements were implemented to increase efficiency and reduce indirect costs. K2 can assist with the co-ordination of new or existing facility design or modifications, and the process mapping of warehousing activities.

Spare Parts Review

The built in spare parts module in K2’s proprietary Asset Data Analysis and Management (ADAM) software allows for the capture and manipulation of catalogued spare parts information. Furthermore, it also provides the foundations for building Bills of Materials (BOMs) which, in turn assists end users with:

  • Spares identification required for operational and insurance purposes;
  • Determining spares requirements to optimise spares stock holdings; and
  • Assisting with the specification of equipment and spares to ensure the correct equipment/spares are procured when required.

K2’s ADAM package also has the capability of conducting a simplified spare parts review using client provided parameters. Also, parts information can be loaded from existing catalogue sources into ADAM and enable BOMs to be developed from client data. ADAM can then verify that all applicable equipment has an appropriate BOM and conduct comparisons on like equipment to ensure data integrity.

Sourcing & Procurement

K2 can provide supply chain management in the field of data and process analysis to identify opportunities that will deliver reduced costs and improved supply chain performance, implementing and establishing effective materials. Service level agreements can also improve organisational performance by reducing inventory costs, reducing duplications, correcting lead times and rationalising vendors.

Supply Chain Analysis

K2 can conduct data analyses to support strategic supply chain planning and assist with the integration of supply chain and maintenance functions.