Topic

IKEA’s Supply Chain Management

Instructions

Write analysis paper analyzing IKEA’s supply chain management.

Answer Preview

IKEA is a furniture design and selling company, first established in Sweden (Laurin & Fantazy, K.2017). IKEA has one of the most successful supply chain management strategies owing to its broad business operations across the world. It utilizes multiple supply chain management strategies that empower its capacity to offer stylish, quality products at affordable prices. This report examined IKEA’s approach to supply chain management to determine its ability to match the best practices as provided in literature. The report demonstrates IKEA’s supply chain management and the key relationship on different components of supply chain. The report shows that IKEA’s supply chain strategy is partly attributable to the global success and consistent competitive advantage. However, the report recommends that IKEA can strengthen its supply chain performance by integrating the entire processes and resources, adopting time-bound approaches and ensuring a consistent assessment of its approach to enable proactive interventions.

Word Count: 2800