Knoll Inc's Suppliers recorded an increase in sales by 18.96 % year on year in Q1 2021, from the previous quarter, sales fell by -44.38 %, Knoll Inc's cost of sales deteriorated by -22.6 % year on year, relative to one quarter ago cost of sales fell by -16.42 % in Q1.
Knoll Inc's Suppliers recorded an increase in sales by 18.96 % year on year in Q1 2021, from the previous quarter, sales fell by -44.38 %, Knoll Inc's cost of sales deteriorated by -22.6 % year on year, compare to one quarter ago cost of sales fell by -16.42 % in Q1.
In addition to the continued focus on enhancing the efficiency of the manufacturing
operations, we also seek to reduce costs through our global sourcing effort. We
have capitalized on raw material and component cost savings available through
lower cost global suppliers. This broader view of potential sources of supply
has enhanced our leverage with domestic supply sources, and we have been able
to reduce cycle times by extracting improvements from all levels throughout the
supply chain.
The purchasing function in North America is centralized at the East Greenville
facility for Office, Studio, and Textiles. This centralization, and the close
relationships with our primary suppliers, has enhanced our ability to realize
purchasing economies of scale and implement “just-in-time” inventory
practices. Steel, lumber, paper, paint, plastics, laminates, particleboard, veneers,
glass, fabrics, leathers, upholstery filling material, aluminum extrusions and
castings are used in our manufacturing process. Both domestic and overseas suppliers
of these materials are selected based upon a variety of factors, with the price
and quality of the materials and the suppliers ability to meet delivery requirements
being primary factors in such selection. We do not generally enter into long-term
supply contracts and, as a result, we can be vulnerable to fluctuations in the
prices for these materials. No supplier is the only available source for a particular
component or raw material. However, because of the specialization involved with
some of our components, it can take a significant amount of time, money and effort
to move to an alternate source.
Knoll Inc's Comment on Supply Chain
In addition to the continued focus on enhancing the efficiency of the manufacturing
operations, we also seek to reduce costs through our global sourcing effort. We
have capitalized on raw material and component cost savings available through
lower cost global suppliers. This broader view of potential sources of supply
has enhanced our leverage with domestic supply sources, and we have been able
to reduce cycle times by extracting improvements from all levels throughout the
supply chain.
The purchasing function in North America is centralized at the East Greenville
facility for Office, Studio, and Textiles. This centralization, and the close
relationships with our primary suppliers, has enhanced our ability to realize
purchasing economies of scale and implement “just-in-time” inventory
practices. Steel, lumber, paper, paint, plastics, laminates, particleboard, veneers,
glass, fabrics, leathers, upholstery filling material, aluminum extrusions and
castings are used in our manufacturing process. Both domestic and overseas suppliers
of these materials are selected based upon a variety of factors, with the price
and quality of the materials and the suppliers ability to meet delivery requirements
being primary factors in such selection. We do not generally enter into long-term
supply contracts and, as a result, we can be vulnerable to fluctuations in the
prices for these materials. No supplier is the only available source for a particular
component or raw material. However, because of the specialization involved with
some of our components, it can take a significant amount of time, money and effort
to move to an alternate source.
KNL's Suppliers Net Income grew by
KNL's Suppliers Net margin grew in Q1 to
103.2 %
8.58 %
KNL's Suppliers Net Income grew by 103.2 %
KNL's Suppliers Net margin grew in Q1 to 8.58 %
Knoll Inc's Suppliers Sales Growth
in Q1 2021 by Industry
Sources:
Knoll Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
For your research, we’ve provided nine additional tables on Knoll Inc ’s suppliers.
You can find them in the navigation menu under Suppliers.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
17.56 % 