Inventory and Ikea
Lund 2009-11-05
Department of Industrial Management & Logistics Production Management
Coordinated inventory control
- A case study on its performance compared to the current system at IKEA
Master’s Thesis project 1002
Silvia Rasmusson and Björn Sunesson
Acknowledgement This master’s thesis is written as a final part of the Master of Science program in Industrial Engineering and Management at Lund University, Lund Institute of Technology. The project corresponds to 30 ECT credits and was performed during a period of 20 weeks in the summer and fall of 2009. The idea to perform a study on inventory control on IKEA came from Paul Björnsson, Process Leader for “Plan and Secure Capacity” at IKEA of Sweden. The suggestion to investigate the coordinated inventory control approach on IKEA’s articles was developed together with Associate Professor Johan Marklund at the division of Production Management. These two have also been 0the supervisors during this thesis project. Our aim with this master’s thesis is to apply the knowledge acquired during the four previous years of study at the Master of Science program. It is our hope that the work done during the project will be valuable and used by IKEA to improve their supply chain. We would like to thank our supervisors, the comments and feedback provided by these two mentors have been invaluable. We would also like to thank Birgitta Elmqvist for taking the time to answer all the questions we had, and providing us with the data needed to complete the project. We are also grateful to all those who took the time to give us introductory lectures on the supply chain, process mapping and culture of IKEA.
II
Abstract Coordinated inventory management is not widely used among companies today. Not even modern companies, which should have resources and ability to always be in the forefront of technological developments, prioritizes models that in theory can provide substantial savings. This report illustrates that a
Department of Industrial Management & Logistics Production Management
Coordinated inventory control
- A case study on its performance compared to the current system at IKEA
Master’s Thesis project 1002
Silvia Rasmusson and Björn Sunesson
Acknowledgement This master’s thesis is written as a final part of the Master of Science program in Industrial Engineering and Management at Lund University, Lund Institute of Technology. The project corresponds to 30 ECT credits and was performed during a period of 20 weeks in the summer and fall of 2009. The idea to perform a study on inventory control on IKEA came from Paul Björnsson, Process Leader for “Plan and Secure Capacity” at IKEA of Sweden. The suggestion to investigate the coordinated inventory control approach on IKEA’s articles was developed together with Associate Professor Johan Marklund at the division of Production Management. These two have also been 0the supervisors during this thesis project. Our aim with this master’s thesis is to apply the knowledge acquired during the four previous years of study at the Master of Science program. It is our hope that the work done during the project will be valuable and used by IKEA to improve their supply chain. We would like to thank our supervisors, the comments and feedback provided by these two mentors have been invaluable. We would also like to thank Birgitta Elmqvist for taking the time to answer all the questions we had, and providing us with the data needed to complete the project. We are also grateful to all those who took the time to give us introductory lectures on the supply chain, process mapping and culture of IKEA.
II
Abstract Coordinated inventory management is not widely used among companies today. Not even modern companies, which should have resources and ability to always be in the forefront of technological developments, prioritizes models that in theory can provide substantial savings. This report illustrates that a
Bibliography: Electronic sources IKEA Intranet - 09 22, 2009