Faithin Omaha eBook Collection

Download or read book Lean, Outsourcing and Kaizen in Retail written by Radojko Lukic and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the retail is increasingly applied the principles of Toyota's operations in order to reduce costs and achieve the highest possible profit with the maximum satisfaction of the needs and desires of consumers. This is especially true of lean, outsourcing and kaizen business concept.With that in mind, this book aims to be as complete theoretical, methodological and empirical review the specifics of the problems and effects of performance in modern retail.Lean principles and techniques can be successfully applied in the retail sector. In the retail sector, lean approach improves operational flows. Lean retail encourages manufacturers to produce standard products in accordance with the created (placed) orders from retailers pursuant to the demand of their consumers.Characteristics of the retail market are: strong competition, shorter product life cycle, longer product development time and high sensitivity of demand. In order to be more competitive and profitable today's retailers operate strategically oriented to lower prices and gain exemption from holding unnecessary stocks.