The retail Sector is one of the largest and the biggest drivers of any economy. In the US, the retail sector alone employees approximately 42M people and contributes $2.6T annually to the country’s GDP. The retail sector comprises of several dynamic parts which consequently leaves an umpteen room for optimization. Here is where Six Sigma comes to play. Six Sigma methodologies aspire to reduce waste and variability in product and services, thereby, improving the product quality. Read Also: LeanSix Sigma: Top tips worth remembering There are several processes included in the retail sector such as stocking, employee management, merchandising, project displays, stocking etc. Lean Six Sigma ensures cost reduction in the in-store operations by improving cost management and customer satisfaction. Challenges Faced by Retail Sector Have a look at some of the common challenges faced by the retail giants in the economy of any nation. Constantl...
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