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Operation Management

Assignment Task 1

4 Vs of IKEA FURNITURE

Name

Saqib Ali

Enrolment ID

30113460

Submitted to

Dr Maria Zenaida Mullin

Submission date

14 Aug, 2015

IKEA FURNITURE OUTLETS
Executive summary
Brief summary findings
It’s difficult to manage furniture store like IKEA because lot of employees are required to run the operations smoothly and it’s a big problem to manage bigger workforce, so that’s why it’s one of the biggest issue for the IKEA furniture to handle the big workforce. IKEA furniture retail stores having very big and complicated store structure, which is also one of main problem to organize, in any worst case like fire into the store it’s difficult to move everyone out of the retail store. And big furniture Retail stores like IKEA also having a lot of products like chairs, beds, sofas etc. So in case, sales of the products gone slow all of the product gone dusty and its difficult to maintain all furniture clean and in good condition. (Furniture World 2012).
Conclusion
After analysing all the operation of the IKEA furniture, I am able to find out IKEA furniture emphasis a lot on efficiency and effectiveness of its operation management. The company has implemented its operations management strategy in all of its business process and operations to maintain low cost model. IKEA furniture’s is one of the best examples of the corporations who concentrate high effective operation management.

Table of Contents
Executive Summary 2
1. Introduction 4
1.1 Brief company overview 4
1.2 State the report objectives and scope 4
2. Competitive Priorities 4
2.1 Company’s business mission, strategy 4
2.2 What business strategy does the company use to compete? 4
3. Define and discuss the importance of 4V’s 5
3.1Volume 5
3.2Variety .....5
3.3Variation 6
3.4 Visibility

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