Terence Chan

About Terence Chan

Solid background in operations, with expertise in supply chain, specializing in inventory…

Experience

1. Director of Supply Chain

   9to5 Seating

   Apr 2019 — Present

   Major Accomplishments-* Successfully supported the launch of 7 new series and 6 models with product enhancements, both of which account for 24.5% of the current business revenue * Drastically reduced inventory by 33% from $6.7M to $4.5M while sufficiently met expectation of the upward sale trend in the first 12 months * Consolidated incoming freight from suppliers all over the country for a 12% overall savings in 2019 * Co-supervised the annual physical inventory process that authenticated an overall discrepancy of -0.38% in 2019 * Presented robust supply chain strategy and key accomplishment points that contributed to the eventual acquisition by the Flokk group, a leading European furniture company with 2,300 employees globally and annual sales of $300M * Overcame supply disruption due to COVID-19 first from China then to other parts of the world by engaging with secondary vendors early and proposing alternate options to Engineering & Product teams for qualifications * Achieved a cost savings of $128K in 2021 by switching to alternate suppliers while balancing with longer lead times Key Responsibilities-* Oversee the company’s sourcing, purchasing, planning, inventory management, and warehouse functions * Develop supplier base domestically & overseas (Asia & Europe) to achieve dual sources and create benchmarking * Continuously improve supply chain processes by maintaining warehouse barcoding program & MRP system * Identify staff strengths, provide mentorship, and implement growth path for both warehouse & office members