Student Number:T2268446
Tutor’s Name:Pallavi Singh
Group:BABM BMK3
Work counts:2750 words
Contents
Introduction__________________________________________P.3
Main Body
Q1 _________________________________________________P.4-8
Q2_________________________________________________P.8-11
Q3_________________________________________________P.11-15
Q4_________________________________________________P.15-19
Recommendation____________________________________P.19,20
Conclusion__________________________________________P.20,21
Reference List________________________________________P.21-24
Introduction
For more than decade, IKEA is gaining attention from public, starting point is how IKEA getting remarkable success, how product can be delivered on time and throughout various development stages, it starts with sourcing for IKEA from Swedish forest Swedwood, it is describe as “Birthplace of IKEA” towards delivery to customers through transportation system to arrive at stores and then placing it on shelves:Often important for multinational firm that can signify key turning points towards success, creating customer value and competitive advantage. However, preliminary conditions to determine key success for IKEA is that this report must examine interaction between supply chain and other management functions such as operations, marketing, and finance. Eventually, conducting an investigation against how IKEA is providing roles for others to follow aimed to achieve performance management.
Being a successful multinational firm, IKEA’s product range comprising over 9,500 home furnishing articles, IKEA is significant relies on logistic network based on distribution centre, trading agents, retail stores, purchase offices and headquarters (Baraldi,2010).
Main Body
1. This report need to specific nature of product, and strategies is conducted by IKEA aimed to create customer
References: Baraldi,E. (2010). The Places of IKEA: Using Space as a Strategic Weapon in Handling Resource Networks. Available: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.199.122&rep=rep1&type=pdf. Chu,V.,Girdhar,A,. Sood,R. (2013). Couching tiger tames the dragon.Available: http://businesstoday.intoday.in/story/how-ikea-adapted-its-strategies-to-expand-in-china/1/196322.html. Business Case Studies. (2014). Meeting the needs of the consume.Available: http://businesscasestudies.co.uk/ikea/meeting-the-needs-of-the-consumer/todays-business-idea.html#axzz32FudwTz1. Röhstö Hou,Y & Liu,J. (2011). Time-based strategy in distribution logistics Gaining competitive advantages in IKEA . Available: http://hig.diva-portal.org/smash/get/diva2:424429/FULLTEXT01.pdf. IKEA Group. (2012). IKEA Group Yearly Summary FY12. Available: http://www.ikea.com/ms/en_US/pdf/yearly_summary/ys_welcome_inside_2012.pdf. Pardeep,G. (2012). Operations Strategies, Their alignment With Corporate & Business Level Strategies, Tradeoffs, Process & Technology Of IKEA. Available: http://www.slideshare.net/GaganSharma3/ikea-operational-startegies. VanGilder,S. (2014). Manufacturing IKEA Style. Available: http://www.surfaceandpanel.com/articles/cool/manufacturing-ikea-style. Lu,C. (2014). IKEA’s Inventory Management Strategy: How Does IKEA Do It?. Available: http://blog.tradegecko.com/ikeas-inventory-management-strategy-ikea/. IKEA. (2014). IKEA supplier quality development package. Available: http://supplierportal.ikea.com/doingbusinesswithIKEA/quality/qualitypackage/Pages/default.aspx. Loshiin,D. (2012). Evaluating the Business Impacts of Poor Data Quality. Available: http://www.sei.cmu.edu/measurement/research/upload/loshin.pdf. Tarnovskaya,V., N. Ghaur,P.,Elg,U. (2012). Market driving supplier strategy: IKEA’s global sourcing network in two developing markets.Available: http://noe.virtass.ru/images/imp/conference/past/071115-HSE/163/files/FP-TarnovskayaV.pdf. Trent, R.J and R.M Monczka (2003) Understanding integrated global sourcing, International Journal of Physical Distribution & Logistics Management, 33 (7), 607-29 Dudovskiy,J. (2012). Recommendations for IKEA to Address Major Challenges.Available: http://research-methodology.net/ikea/#Recommendations_for_IKEA_to_Address_Major_Challengespdf.