Events at UOWD
Thought Leadership Imperatives by Prakash Menon
Prakash ‘PK’ Menon
As Director of Logistics and Supply Chain for Australia’s leading department store, MYER Pty Ltd (which was owned at the time by one of the world’s largest Private Equity Firms) PK and his team achieved the seemingly impossible. They almost doubled the retail giant’s profit margin in less than 12 months despite strong scepticism from other retailers and national economic instability at the time.
Through a series of carefully executed and highly innovative lean retail supply chain strategies, PK and his team achieved more than 50% lower Distribution Centre operating costs, 22% lower freight costs (despite greater volumes), an almost 50% reduction in transit times, and a 50% increase in productivity. In the process, he not only introduced world-class efficiencies across the chain, but also managed to transform the retail landscape ona global scale.
PK is a Global Partner with Thought Leaders Global, Founder and Executive Director of Thought Leaders Middle East, CEO of PK Menon Enterprises Pty Ltd and Associate Principal of Global Supply Chain Group. He sits on the Advisory Council of the World Brand Congress and is an Expert Faculty Member of the Steering Committee of the Great India B School (India’s first and foremost retail business school). His qualifications include an MBA from the Macquarie Graduate School of Management and a Diploma in Advanced Management Studies from the University of Pennsylvania’s Wharton Business School.
A dynamic mentor, trainer, author and professional speaker, PK combines strong, proven business acumen with wit, wisdom and a refreshingly down to earth manner. His passion and expertise is to help retailers transform their organisations into global powerhouses using innovative 21st century business practices, adding significant dollars to their profit lines by helping them streamline their operations and significantly enhance both their technical and people management skills.
PK is the author of three books -
Driven - Accelerate Your Career with Smart Transitioning,
Supply Chain is Sexy - Harnessing the Retail Revolution, and;
Fail Smart - The Undeniable Link between Failure and Success.