Operation Management of Ikea - 2136 Words

Executive Summary: This report is about operational aspects. We have selected Hannan Prints, the manufacturing firm to analyse the supply chain. This paper scrutinize the crucial aspects of Hannan prints supply chain network, its plans and the implementation of strategy. By putting into practice different supply chain approaches, the firm will increase the benefits of supply chain network. In this report we have focused on supply chain inventory management and technology selection practices and how it is beneficial for the firm. In the firm operations are linked with different strategies. For example the change in supply chain has an effect on inventory management as well as technology selections. At the end we have given some†¦show more content†¦Flexibility saves time, maintains dependability and it accelerate responses. The low cost is attractive as no one likes to pay more. Hannan print always tries to reduce costs by proving quality of products or services, by speedy work, dependability and flexibility. They manage inventory and use proper resources that save time and money. Theoretical Framework: First of all, Hannan Print makes sure that all the staffs are encouraged and they contribute to the process. Secondly, it examines and improves operations practices on a regular basis. Further more, they monitor and improve service quality which they provide to customers. Not only that, but they are also working hard to replace the product as per customer’s requirements in order to save time and cost. Lastly with a view to provide faster and safer service the company working very hard to keep the premises clean and tidy all the time particularly the storage area as it is the part form where the goods are delivered. The company has good arrangement of working departments. For example they have packing and despatching department so close that they can transfer the goods in between those department very easily. This is the time saving and cost saving approach adopted by the company. Supply chain management and inventory management are also important parts of operation management. Supply chian management is the management that assists in finding solutions, grabbingShow MoreRelatedOperation Management--Ikea1925 Words   |  8 PagesIKEA History and Company Information IKEA retailing with its Sweedish roots, is based on a franchise system. Inter Ikea system BV is located in Delft, the Netherland being the owner and franchiser of the concept IKEA. (www.ikea.com) The company aims to sell furnitures for 10 to 30 percent less then other stores ( source - stevension ). Every Ikea employee still follows the vision quotes of Ingvar Kampard to create a better everyday life for many people. During 2010 global sales as reportedRead MoreOperation Management on Ikea1851 Words   |  8 Pagesobjective of writing this report is to identity and analyzes operation system applied in IKEA, the well-known low cost yet high quality home of furnishing. Function, process and strategy of IKEA operation system will be accessed to identity the core competency that lead to the successfulness of IKEA in the world. Besides, other purpose in complete this report is to analyze the strength and weakness of operation system in IKEA. Operation management is procedure where processes of production or deliver goodsRead MoreOperation Management Ikea6167 Words   |  25 Pagesfollowing assignment is based on operations managements within IKAE. 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Introduction At the outset, it may be useful to characterise IKEA in terms of the characteristics of demand (also known as the four Vs, see Slack et al. p 20). First, IKEA is clearly a high volume operation – as indeed most international retailers are – which lendsRead MoreIkea Operations Management3070 Words   |  13 Pageshttp://fp05-527.web.dircon.net/ikea_company_profile.html Profile: ikea IKEA is the world’s most successful mass-market retailer, selling Scandinavian-style home furnishings and other house goods in 230 stores in 33 countries and hosting 410 million shoppers per year. An acronym for founder Ingvar Kamprad and his boyhood home of Elmtaryd, Agunnaryd, IKEA began operating in Sweden in 1943 and continues its original ethos based upon cost obsession fused with design culture. 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This results in increased operations efficiency, which is discussed within this business report. Strategic role of management - Cost leadership Cost leadership: Cost leadershipRead MoreIkea s Market Tool For The Retail Giant Essay970 Words   |  4 PagesIntroduction: IKEA is a multinational group of companies, specialized in designs and sells home furniture (ready to assemble). They also sell accessories, bathroom kitchen items and lately they have offered food market in their retail stores around the world. It was founded by Ingvar Kamprad who born in southern Sweden in 1926 and who was listed as one of the world s richest people in 2013. 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