In South Korea, Tesco has a chain called Home plus that has become the second largest retail chain in the nation. The 115-store chain consists of big discount hypermarkets similar to Walmart in merchandise, but also similar to mini-malls in that they feature numerous independently-operated smaller stores like travel agencies, fast food, and bookstores that lease the space from Tesco.
What caught my attention, however, is Home plus’s e-commerce… Continue reading
Well, last week I complained that we hadn’t received any snow yet this winter, and this morning I woke up to about an inch of snow on the ground, with more snow forecast for tomorrow. Today, I am lamenting the fact that in all of my adult years, I have yet to win the lottery. Just saying.
As expected, this week’s news was dominated by retail-related items.
Today, more than ever before, companies are looking for ways to implement Lean manufacturing concepts into their distribution and warehousing network as a way to control costs and improve operational performance. This research often leads to the purchase of new technology or equipment. But while investment in these tools might create incremental savings, there’s a far more effective resource that’s often overlooked: employees.
The successful implementation of Lean in… Continue reading
I hope you took my advice from last August and you included funds for leadership development and education in your 2012 budget, which should include attending industry conferences and seminars. But with so many events going on throughout the year, how do you choose which ones to attend?
Here are three questions to ask as you evaluate the options:
1. Does the agenda align with the key
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Guest Commentary: Is a Direct-to-Store Delivery Model Right for You?
Speed is the name of the game in today’s retail landscape. How quickly products are purchased from store shelves depends on various factors, including consumer preference, special promotions, and brand recognition, just to name a few. The trick to gaining speed and increasing your inventory turns is to ensure you have a successful and cost-efficient replenishment system. Over the last few years, many consumer goods manufacturers have been increasingly using… Continue reading
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