Bernard Kang

Effective cost control enhances a company's competitiveness by allowing it to offer products or services at competitive prices while maintaining profitability. It also enables companies to invest in innovation, quality improvement, and market expansion, further strengthening their competitive position.

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What do you think are the top 3 most important characteristics of a GREAT supplier? I'll go first: 1. Quality/Quality Control 2. Great Communication 3. Flexiblity Your turn! #SupplierRelationships #SupplyChain #Operations #CPGBrands

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In light of concerns over manufacturing practices and supply chain ethics on Shein's platform, one might question the moral dilemmas faced by brands and influencers associated with the platform. Stuart Weitzman heels, Coach purses, Lanvin sneakers, and Paul Smith shirts are just a few products available. Can you trust your favorite influencers to recommend ethically sound clothing, or are they more concerned with promotional fees? Notably, influencers like Dani Carbonari, Kenya Freeman, Aujené, Destene Sudduth, Fernanda Campuzano, Marina Saavedra, and Addison Rae have all reportedly visited Shein and promoted its products. #supplychainethics #branddilemma #influencer #canyoutrustthem If you want to make sure you can trust your factory's methods you might want to consider Library Suites Vendor Management Suite to ensure you have the right questions, right evidence, and proof that you're really safe using your overseas production to protect your brand and reputation. Book a free demo here: https://lnkd.in/gWGPNff [Link to more information: https://lnkd.in/egsDweZ7]

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Visibility. Precision. Agility. 3 words to capture the goals of #SupplyChainExcellence. And 3 words to capture the byproducts of a mission accomplished: Partnership. Creativty. Fun. #SupplyChainManagement #Operations #Teamwork #BestInClass #CPGBrands What 3 words capture the goals and byproducts of what you do?

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Valizant, Inc. on the Anaplan platform specializes in delivering flexible, data-driven planning solutions that empower companies to adapt quickly and make more accurate decisions. For Wright Medical Group N.V., we succeeded in: By deploying their demand planning solutions, Wright saw impressive improvements: ⚫ 75% reduction in demand planning cycle time ⚫ Forecast accuracy jumped to 85%, up from 60% ⚫ Seamless global collaboration across all locations ⚫ More trustworthy, real-time data for faster decisions I'm incredibly proud of the transformative work our team continues to deliver, making a real impact for our clients. https://lnkd.in/gJj5BmPe #demandplanning #supplychain #globalsupplychain

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I’m pleased to announce Curtis Ying, Mike Liebson, and I have just published an article, “Case Study: Optimizing Delivery Scheduling at a Large Restaurant Chain,” in the Fall issue of the Journal of Business Forecasting at https://lnkd.in/gGEKxHDm Full text available at: https://lnkd.in/gPR8H5xw The article introduces a new approach to distribution center (DC) delivery scheduling, a novel concept we call Master Purchasing Receipt Scheduling (MPRS). The article details how an iconic American $10B+ quick-service restaurant chain uses MPRS to reduce DC bottlenecks, increase receiving efficiency, and eliminate hundreds of hours of planning time. #supplychainplanning #inboundlogistics #qsr

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Over 20 years in this industry has shown me firsthand how effective S&OP can transform a company’s efficiency and profitability. Implementing best practice in S&OP isn’t just about fine-tuning processes; it’s about aligning your sales and operations strategies to drive sustainable growth. If you’re ready to learn the best practices that can transform your S&OP strategy, dive into Valizant, Inc.’s blog on the Top 4 practices you need to be implementing now. https://lnkd.in/gvcFha9t #salesandoperations #supplychainplanning #supplychain

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We talk quite a bit about digital transformation these days, and I can attest that the most successful supply chain organizations have started on this journey. But what does it really mean? The folks at McKinsey & Company have a nice primer and explanation here.

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Can your excess inventory be seen from space? The latest article from our Retail practice dives into the challenges retailers face when they overstock. After the supply chain issues of 2020 and 2021, many retailers ended up with too much inventory, leading to higher costs and wasted products. Using advanced forecasting tools and managing the entire product lifecycle can help. It’s all about finding the right balance to meet customer demands without piling up extra costs. Read more here: https://lnkd.in/e4D3kRWU

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Insightful and thought-provoking post by Tom Maher! Good Enough Isn’t dives deep into the dangers of complacency and the untapped potential in supply chain planning. Just like streaming disrupted cable TV and ride-hailing transformed transportation, Adaptive Supply Chain Planning is redefining the future of supply chains. Legacy systems may feel ‘comfortable,’ but they’re holding businesses back. ketteQ’s adaptive solutions and PolymatiQ™ solver are game-changers—offering real-time flexibility and resilience that legacy systems simply can’t match. If your supply chain strategy feels like it’s stuck in the past, this is a must-read. 

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Everest Group is seeking providers offering #SupplyChain Transformation Services for the retail and CPG enterprises. We are launching a dedicated research initiative to analyze demand trends, assess service providers' capabilities, and map them using our proprietary #PEAKMatrix® framework. This effort aims to generate valuable market insights that will support strategic decision-making for enterprises worldwide. We encourage you to participate, and you'll need to meet the following criteria: 1. Combined revenue from the retail and CPG services practice should be greater than US$10 million 2. Revenue from the supply chain practice focused on the retail and CPG sector should be greater than US$5 million Learn more and participate: https://okt.to/6CqO9f #Retail #CPG #SupplyChain #SupplyChainTransformation\ Get in touch: Manu Aggarwal Abhishek Mundra Abhilasha Sharma Amrutanshu Mishra Shraddha Pandey Aakash Verma

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57% of the models used to manage supply chain costs are short term and functionally focused. Take action on the 5 levers for supply chain cost optimization with this Gartner guide. #GartnerSC #CostManagement #SupplyChainSolutions

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Might I suggest that 'winging it' when it comes to #SupplyChain decision making may not be the best long-term strategy? When a #CPGBrand is starting out, everything is moving in lightspeed. 🔸Product development 🔸Supplier sourcing/qualifying 🔸Distribution 🔸Expansion When the Team is lean, it can be quite difficult to go deep on certain topics. Afterall, when ALL the wheels are squeaking, you can't focus solely on one while the rest might fall off completely. This leads to a situation where decisions- quality decisions, procurement decisions, data decisions - are more gut-instinct rather than validated analytics. The upside to this is in the beginning, those gut instinct decisions can often be spot on. An Owner and those lean Teams definitely know the business. The downside is that there is an expiration date to handling things this way. 🔸The business will grow as will complexity. 🔸Decisions will need to be tempered by facts- especially those with personal ties. 🔸Costs and inventory amounts will become more impactful. And if this process goes too far, it can be quite hard to undo (let alone determine why the decision was made). Consider instead, pulling one of your Teammates out of their role for a while to build these processes out and get the foundation you will need later. Or, if your Team is overstretched and there are no resources to get a process in place with analytics to support it, consider outsourcing this. Your future self will thank you! #SupplyChain #InventoryManagement #Stockouts #ExcessInventory #Procurement #SOPs #ProcessImplementation #CPGBrands #Startups Thoughts?

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For distributor executives interested in pricing, here's a post from Distribution Strategy Group with some perspectives to consider. Also, check out their upcoming Profit and Productivity Summit November 11-13 in Chicago. https://lnkd.in/g4EDFfKy

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