Conference 2004 LEAN STRATEGIES FOR FURNITURE MANUFACTURING S. Sabri and E. Shayan Industrial Research Institute Swinburne (IRIS) Swinburne University of Technology‚ Australia EShayan@groupwise.swin.edu.au ABSTRACT The aim of this paper is to explore the various requirements needed for the implementation of lean strategies in a job shop environment‚ which is a significant sector in the manufacturing industry. In particular we test the methodology in the furniture industry. Application of Lean in
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The IKEA Case 1. What are the core competencies and end products of IKEA? How are they linked with each other? The main competence IKEA has been maintaining is the low-cost aspect which is predominantly observable within different areas of the firm. IKEA provides low-cost products‚ which emerge from low-cost supply chains and flat packaging‚ which were convenient for transport and storage. Another important aspect contributing to the low-cost ideology is designing furniture made from inexpensive
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Smile chart 8 Exhibit D: 4Ps of Marketing 10 Exhibit E: SWOT Analysis 11 Exhibit F: Strategic Gameboard 12 Exhibit G: Ansoff’s Matrix 13 Exhibit H: Cost-Benefit Analysis of Recommendations 14 Executive Summary The following report delineates the furniture retail market in the US‚ a brief starting point assessment of IKEA‚ the issues facing IKEA in expanding its current business to the U.S. Market and its strategic alternatives. As expected when a company ventures to new markets‚ it has to determine
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Glen Mount 1 Glen Mount Furniture Companny Case Study 1 Glen Mount Question 1. GLEN MOUNT FURNITURE COMPANY Abbreviated Income Statement For the Year Ended December 31‚ 2000 Sales Less: Fixed Costs Less: Variable Costs (58% of sales) Operating Income (EBIT) $45‚500‚000 Less: Interest 12‚900‚000 Earnings before taxes (EBT) 26‚390‚000 Less taxes (34%) $ 6‚210‚000 Earnings after taxes (EAT) Shares 1‚275‚000 $ 4‚935‚000 Earnings per share 1
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creating unique benefits and features that provide competitive advantage. Home furnishings market is highly segmented with mostly local competition of the several kinds: multinational furniture retailers‚ companies specialising in just a part of furniture product range‚ non-specialized retailers where furniture as part of their product range and small companies/producers. IKEA strategy is characterised by cost saving‚ where managers fly economy and share rooms in the hotels‚ salaries are hardly
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Case: Harverwood Furniture‚ Inc (A) Eduardo Barroca de Moura 04/09/2015 1. State the Central Strategic Issue A. State the central strategic issue identified in your situation analysis. Haverwood needs to decide whether go with their agency ad suggestion or else. Mike Hervey‚ from Hervey and Bernham suggested increasing their expenditure by $225‚000 by 2008‚ through various shelter magazines ads. However‚ that approach is lightly out of line with the current policy of budget of 5% of expected sales
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Case IntroductionHightec is a manufacturer of transducers‚ which convert gas or liquid pressure into an electrical signal. A typical customer order is for only 3 to 10 units. The firm currently rents a 12‚000-square-foot‚ L-shaped building. This building houses four basic sections:•the office area‚•an engineering area‚•a machine shop‚•and an assembly area. The 80 employees comprise:•machinists‚•engineers‚•assemblers‚•secretaries‚•and salespeople. Glenn Moore is the founder and executive of the
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CASE STUDY – (DIRECTING) MASTERCRAFT FURNITURE COMPANY A small‚ fairly successful and operated company was owned by the Montenegro Family. They specialized manufacturing furniture‚ because of their ability and expertise of making a good quality furnitures‚ the consumers are loyal to them as the company grew rapidly and its sales of 14‚000 in the first year reached 11 million five years later. Producing a high-quality product was doing well. However‚ the family-owned company was aspiring to
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: IKEA case 1. What are the core competencies and end products of IKEA? How are they linked with each other? The core competencies of IKEA are the low cost service and showroom/warehouse idea ‚ the low cost ‚in-house design (IKEA designed its own furniture) ‚ flat packaging and the low cost suppliers of IKEA.On the contrary‚ the end products of IKEA were low cost ‚ self- assembled products with a very big variety in furniture and other stuff
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looking for a unique experience and it seems like IKEA looks at customers as a uniform conglomerate of individuals. IKEA ’s mission talks about customers in such a plural manner that one could imply a lack of market customization. The rest of the IKEA case talks more about ways in which IKEA addressed the lack of customization issue‚ but the mission statement itself points out the potential troubles of considering clients as homogeneous. Q2. Find out one activity‚ service or innovation that
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