IKEA has been an innovator in the area of supply chain management. IKEA is the world’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, IKEA’s founder, last week, supply chain professionals are revisiting what has made IKEA successful. After reading the following in RESOURCES: IKEA’s Supply Chain, IKEA’s Inventory, and IKEA’s Inventory Management, respond to the following:

In a comprehensive essay, summarize IKEA’s contributions to supply chain management. What can other firms learn from IKEA’s success?

Include references/citations in your response. Provide an integrative answer.

Articles:

http://www.everythingsupplychain.com/ikea-supply-chain-3-min-video/

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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