IKEA has been an innovator in the area of supply chain management. IKEA is the worldâ€s largest home furnishing retailer, with 350+ stores in over 40 countries, with each store carrying more than 9,500 products. How does IKEA offer so much at such a low price while always keeping items in stock?
Since the passing of Ingvar Kaprad, IKEAâ€s founder, last week, supply chain professionals are revisiting what has made IKEA successful. After reading the following in RESOURCES: IKEAâ€s Supply Chain, IKEAâ€s Inventory, and IKEAâ€s Inventory Management, respond to the following:
In a comprehensive essay, summarize IKEAâ€s contributions to supply chain management. What can other firms learn from IKEAâ€s success?
Include references/citations in your response. Provide an integrative answer.
Articles:
https://www.tradegecko.com/blog/ikeas-inventory-management-strategy-ikea
http://www.supplychain247.com/article/how_does_ikeas_inventory_management_supply_chain_strategy_work/logility
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