IKEA is one of the world's top furniture retailers, selling Scandinavian-style home furnishings and accessories. Ingvar Kamprad, the founder of IKEA believes that home furnishings should be good design, good function and good quality, coupled with low prices. This philosophy is maintain and clearly communicated to all customers and their staff, reflected and achieved in their operations management strategies, which play a major role in contributing to IKEA’s success.

IKEA sources products globally. Suppliers are strategically located in countries that has abundence of raw materials. The company uses just-in-time concept to streamline inventories and work-in-progress, which is supported by the close proximity between the supplier and distribution centres. This effectively reduces cost and time and helps to maintain the inventory in the warehouse, within the retail outlet.

The primary reasons why IKEA can offer high quality products at low prices are their efficient methods......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Ikea
Approximate Word Count: 346
Approximate Pages: 2 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Ikea, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!