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| Nnamdi Ezeigbo, Founder, SLOT Limited |
The Founder/ Chief Executive Officer of SLOT Limited, Mr.
Nnamdi Ezeigbo has revealed the success story behind the success of the
company.
Speaking exclusively with BRANDINFO in an exclusive
interview at the just concluded 4th edition of the annual Retail Leaders
Conference in Lagos, Ezeigbo disclosed that they have been able to understand
some things which other outlets don’t understand.
He said that SLOT Limited has been able to understand
Nigerians, what they want and how to satisfy them.
According to him, SLOT Limited structure is built on trust
saying they know that trust is very important in business.
Ezeigbo also noted that they have been able to have the
right set of people, identified them, trained them, develop them and give them
responsibilities.
“Basically we have being able to get some things right. We
have being able to know that Nigerians like and cherish original products. We
have been able to know that trust is very important in business.
We have being
able to have the right set of people, identified them, trained them, develop
them and give them responsibilities. We also have the right process and the
right market. We have been able to identify these things and we are working
with them diligently to achieve the best optimal result we have today. These
are our key success factors,” he disclosed.
While being asked about his advice for retailers in the
country considering the present economy situation, he said; “my advice is for
them to apply what is called just-in-time. Just-in-time approach means you buy
what you can consume within a period of time. For example if you know you can
sell one thousand pieces of ‘Pick milk’ in a month, why would you want to store
more than one thousand? That will actually reduce the shock you will have when
there is deflation. My advice for them is to know what there capacity is and
adopt just-in-time approach.”
Watchout for the interview tomorrow on this platform!
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