Credit Crunch Answered by LEAN?

Does Lean Thinking have the answers to the pressures of the global credit crunch? maybe one company points to the answer!

TESCO the UK supermarket retailer announces rising profits, against the credit crunch backdrop. The TESCO group made profit before tax of £1.43bn in the 26 weeks to 23 August, an 11.3% increase on the same period last year. (source BBC)

Tesco has been using lean for many years, even before they introduced their Clubcard, so could the application of lean be critical to this success? here’s what their Chief Exec had to say about it?

Lean Thinking has been an enormous influence on my business thinking. It shows you how you can fundamentally transform your business” – Sir Terry Leahy, Chairman and Chief Executive, Tesco PLC.

(quote from Lean Thinking: Banish Waste and Create Wealth in Your Corporation. James P. Womack & Daniel T. Jones)

did you think lean was only meant for manufacturers? maybe stretching to those with operational centres (call centres, back office processing centres etc) but not retailers?

So could lean help you and benefit your business? improved quality, reduced costs, more responsive organisations, engaged employees etc – share your view with us.

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