Emerging competition in the corporate setting

POST MODULE ASSIGNMENT: SUPPLY CHAIN MANAGEMENT IN IKEA
Student’s Name
Course
Professor’s Name
University
City (State)
Date
Table of Contents TOC \o "1-3" \h \z \u Introduction PAGEREF _Toc48395501 \h 31.IKEA’s Case Study PAGEREF _Toc48395502 \h 41.1IKEA’s SCM Conceptual Model PAGEREF _Toc48395503 \h 41.1.1Supply Chain Strategy PAGEREF _Toc48395504 \h 61.1.2Supply Chain Structure PAGEREF _Toc48395505 \h 61.1.3Supply Chain Operations PAGEREF _Toc48395506 \h 61.2IKEA’s Conceptual Model and SCM Case PAGEREF _Toc48395507 \h 71.2.1SCM Configuration PAGEREF _Toc48395508 \h 71.2.2SCM Collaborations PAGEREF _Toc48395509 \h 71.2.3SCM Coordination PAGEREF _Toc48395510 \h 81.3Literature Review and Conceptual Model PAGEREF _Toc48395511 \h 92.SCM Practices and Case PAGEREF _Toc48395512 \h 112.1Supply Chain Management Movement PAGEREF _Toc48395513 \h 112.1.1Planning PAGEREF _Toc48395514 \h 112.1.2Transporation PAGEREF _Toc48395515 \h 122.1.3Warehousing Management PAGEREF _Toc48395516 \h 132.1.4Customer Relationship Management PAGEREF _Toc48395517 \h 132.2SCM Practices related to Theories, Strategic Fitness and Operational Feasibility PAGEREF _Toc48395518 \h 142.2.1Sustainable Initiatives PAGEREF _Toc48395519 \h 152.2.2In-Store Logistics PAGEREF _Toc48395520 \h 152.2.3Inventory Management PAGEREF _Toc48395521 \h 152.3Effectiveness and Implication of Managerial Approaches PAGEREF _Toc48395522 \h 162.3.1Bullwhip Effect and SCM in IKEA PAGEREF _Toc48395523 \h 16Conclusion PAGEREF _Toc48395524 \h 17Reference List PAGEREF _Toc48395525 \h 18
“Post Module Assignment: Supply Chain Management in IKEA”
Introduction
Emerging competition in the corporate setting demands sustainability, innovation and consumer value to maintain a competitive reputation in the market. Correspondingly, supply chain management (SCM) assists corporations to maintain the distinctive edge in an aggressive marketplace by managing the flow of operations, improving business efficiency and cost-advantage (Antai and Olson 2013). Consequently, global brands emphasise on improving SCM practices to offer more value to stakeholder in real-time. According to Defee and Fugate (2010), the shifting focus from traditional SCM to digitalised system urges supply-chain managers to adopt learning environment, innovation and diversified product lines to fulfil transforming needs of consumers and manage bullwhip effect appropriately. Along with the implementation of an agile SCM system, customer-centred focus, digitalisation in business operations, and concern for sustainable practices are other crucial tactics to magnify the influence of SCM in a modern setting (Giannakis, Spanaki and Dubey, 2019). Those practices are driven to stabilise growth in the present business culture.
With those considerations in the changing business environment, IKEA performs extraordinarily by setting the great example in the furniture industry with its responsive supply chain system that is customer-centred and digitalised to offer low-priced, high quality and efficient services to end-consumers (Lindgreen et al., 2009). The case by Normann and Ramirez (1993) evaluates that IKEA generates high value for customers by managing the supply and maintaining ...