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Follow on Google News | Ade Asefeso MCIPS MBA Published His New Book Lean RetailingThe principle of lean retailing is all about identifying areas of waste and inefficiency within a retail organisation and applying proven methodologies to generate high quality solutions.
That’s the question that Ade Asefeso answers in his new book “Lean Retailing” Ade said. “If time is money, then being lean is both. Thanks to mega retailers worldwide; lean principles have rapidly spread to a variety of different manufacturers, such as consumer foods, apparel and food/beverage.” Ade also said that. “Over the past few years, these retailers have dramatically changed how they do business in order to stay competitive in the marketplace. How products are ordered, how inventory is moved throughout distribution centres and barcodes vs. RFID technology for inventory management have all been taken into consideration in order to work as swiftly and efficiently as possible.” Ade continued by saying "While lean thinking has been rapidly expanding amongst large manufacturers and retailers, there are still a lot of companies that have hardly implemented any lean concepts." Ade also said that “At the end of the day lean is about adding value for customers; but how can companies do that while also reaping in benefits for themselves?” Visit http://www.booksonline.aaglobalsourcing.com/ Ade answers his own questions by saying “Lean opportunities for retailers fall into three basic categories: 1. Retail Strategy For lean concepts to be successfully applied within a retail or wholesale organization, departmental strategies need to be aligned with and support an overall lean company strategy in order to efficiently function as one lean, cohesive machine. 2. Merchandise Management When it comes down to it, efficiently managing merchandise comes down to having the right product at the right price at the right time. To achieve this developing, securing, pricing support and communicating the retailer’s merchandise offering effectively is of the utmost importance. Failing to manage merchandise using lean principles causes waste, taking away value from both the customer and the enterprise. 3. Store and Distribution Operations Store and distribution operations tend to be where companies have the biggest amount of waste. Depending on how many stores are involved, it can be one of the hardest areas to manage, making lean principles seem unattainable. But distribution is all about optimizing trade-offs between handling costs and warehousing costs, maximizing the warehouse while maintaining low costs and minimizing time.” Ade said " It’s All About the Customer." Ade continued by saying "In a retail environment, it’s crucial to consider store operations and process improvements from the customers’ point of view before making lean improvements. Remember, what is good for the customer is good for your business; it’s just about finding the right solution." Ade added by saying "Analyzing in-store logistics can be very beneficial to becoming a lean organization." Ade also said that "In addition to those crucial last customer-facing moments in the retail environment, such as e-commerce, adds an entirely new layer of challenges to becoming a lean organization." Ade concluded by saying "Identifying where customers will see value across all channels and applying lean concepts to these areas is crucial in retail and wholesale environments in order to succeed in today’s competitive market." Visit http://www.booksonline.aaglobalsourcing.com/ Ade has packed a lot into his career over the years with a long spell working at senior level within various manufacturing companies in the UK. He can be described as international diplomat due to his work across the globe. Ade spent a lot of his time representing various companies either at supply chain level, operational level, sales and marketing level, and senior executive level across Asia, North America, Africa, Eastern and Western Europe. Ade is currently the CEO of AA Global Sourcing Ltd. A company that helps local businesses outsource so that they can enjoy the benefits that used to be enjoyed by big corporations for years. All this still doesn’t make mention of Ade’s increasingly successful career as an author, of numerous books on Finance, Business Ideas, Personal Development, Self help, CEO Guide to Doing Business, Outsourcing, Lean IT, Lean Manufacturing, Agile and Lean Office, Lean Office, Six Sigma, Six Sigma Healthcare, Six Sigma marketing, Six Sigma Service, Lean Startup, Lean Procurement, Lean Implementation, 5S for Supervisors, 5S Home, Lean Handbook, Lean marketing, Lean Sales and marketing, Lean Accounting, Lean Management, Lean Healthcare, 5S for Healthcare, 5S Office Management, Lean In Construction, Lean Retailing, Lean Banking, TPM Simplified, Green Manufacturing, Supply Chain Management, Real estate, Balanced Scorecard Non Executive Director, CEO Tools, Corporate Storytelling, Reshoring and Online Marketing. In his spare time, although it’s amazing to think that he might have some, Ade does keep fit. Visit http://www.aaglobalsourcing.com for details. End
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