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The Effects of Application of Lean Concept in Retail

Author

Listed:
  • Radojko LUKIC

    (Faculty of Economics, University of Belgrade, Serbia)

Abstract

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. Lean retail is an example of best practices of successful operational strategies which management need to accept - to maximize the operating efficiency of the retail process.

Suggested Citation

  • Radojko LUKIC, 2012. "The Effects of Application of Lean Concept in Retail," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 88-98, June.
    • Handle: RePEc:rom:econmn:v:15:y:2012:i:1:p:88-98
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    File URL: https://www.management.ase.ro/reveconomia/2012-1/7.pdf
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    References listed on IDEAS

    as
    1. Cox, Andrew & Chicksand, Dan, 2005. "The Limits of Lean Management Thinking:: Multiple Retailers and Food and Farming Supply Chains," European Management Journal, Elsevier, vol. 23(6), pages 648-662, December.
    2. Zokaei, Keivan & Simons, David, 2006. "Performance Improvements through Implementation of Lean Practices: A Study of the U.K. Red Meat Industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 9(2), pages 1-24.
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    Cited by:

    1. Pedro Alexandre Marques & Diana Jorge & João Reis, 2022. "Using Lean to Improve Operational Performance in a Retail Store and E-Commerce Service: A Portuguese Case Study," Sustainability, MDPI, vol. 14(10), pages 1-19, May.
    2. Răzvan Daniel ZOTA & Yasser AL HADAD, 2018. "Inventory Management Using Cross Prediction," Book chapters-LUMEN Proceedings, in: Veaceslav MANOLACHI & Cristian Mihail RUS & Svetlana RUSNAC (ed.), New Approaches in Social and Humanistic Sciences, edition 1, volume 3, chapter 51, pages 575-585, Editura Lumen.

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    More about this item

    Keywords

    Toyota production system; the transformation of retail operations; waste; consumption; distribution; agile supply; efficient consumer response.;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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