Contents

• Introduction 3
• Evaluation of the Lean Supply Chain Strategy in the Retail sector 3
• Use of Information Technology to build an Agile Supply Chain in Retail 5
• Trade Offs between Costs, Lead Times and Demand Volatility 8
• Barriers of choosing Lean or Agile Strategy in the Retail Sector 10
• Conclusion 12
• Bibliography 13

Description

The paper focuses on the understanding the manner in which the lean management concept can be potentially incorporated in the retail sector to help in generating needed productivity. It would help in understanding the process of use of lean supply chain management in the retail sector with also identifying the different challenges that ought to be faced by the retail organizations in the mode of incorporating the lean supply chain management strategy. Finally the paper would reflect on the pattern in which the retail organization can help in gaining needed trade-offs relating to the parameters of cost, lead time and demand volatility to help in enhancing the retail efficiency.