million as account s receivable‚ which accounts for 37 percent of the company’s current assets. The amount of account receivable reduces the company’s liquidity ability and exposes the company to the risk of bad debts. Moreover‚ demand for office furniture is greatly influence by macroeconomic factors such as white-collar employment‚ corporate profit‚ and commercial office construction. Therefore‚ persistent downturn in the global economy not only affects the company’s account receivables collectability
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time consuming data input process. There is also less chance of handwritten orders being misread and a higher customer turnaround as customers will be served faster. Today‚ the Philippine furniture industry has metamorphosed in a highly diversified manufacturing sector‚ which is composed of roughly 15‚000 furniture firms directly or indirectly employing about 800‚000 people. This is thrice the employment estimate of 250‚000 in the 1980’s and does not include the estimated 1‚000‚000 people in the sub-contracting
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sells furniture and other household products at a very low price so that everyone can afford them. IKEA is always looking to save money on their packaging‚ costs‚ and any other opportunity they get to save money. As a team we thought it would be most beneficial for IKEA to enter into India specifically Mumbai‚ India. India is one of the most emerging countries and gives IKEA a great opportunity. As a team we feel IKEA should implement interior designers that help people decide which furniture properly
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some companies operating in the furniture industry and there are many on the market retailers like Home Depot‚ Wal-Mart‚ Costco‚ Euromarket‚ etc... The import of products from China for all these companies allows them to sell at low cost. These elements therefore tell us that the furniture industry is very competitive. There is an analysis of the rivalry of IKEA in this sector: IKEA works in a highly competitive industry highlighted by other low priced furniture producers like Galiform (England)
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IKEA case study 1. What are IKEA ’s firm-specific advantages? Country-specific advantage? Oversea investing is mainly due to that the transnational corporation has the firm-specific advantage‚ for example‚ the brand reputation‚ production tec.‚ scale economy‚ marketing strategy‚ and so on. That is why when firm can’t gain big profits by exporting directly or patent authorization‚ foreign investment is more comparative within those firm-specific advantages. This firm-advantage is referring
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Quality Standards: 12 Research & Development: 12 Certifications: 13 Nature of the organization 14 Number of employees 14 Product lines 14 Plastic Chairs 14 Revolving Chairs 15 Steel plastic furniture 15 Public Sofa 15 Snack Tables 16 School Furniture 16 Baby Furniture 16 House Hold 16 Organizational structure
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SELECTING FABRICS‚ COLORS‚ AND SUSTAINABLE FLOORING Charita Y Parker ID121Rp Donna Pennella February 4‚2013 Flooring Living Room I chose the Bamboo flooring foe the living room area because it is a truly sustainable harvested grass that regenerates at a speed faster than hardwood. Bamboo mature rapidly but harvesting does not kill the plant. Duro-design uses only fully mature Moso bamboo which is selected for superior strength and maximum hardness. I think it fits in to my overall concept because
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style furniture design methods (IKEA’s assembling furniture is split‚ and products are divided into different modules. Different modules can be produced in different regions in terms of cost; at the same time‚ some modules can also be used in different furniture)‚ which not only reduce the cost of design‚ and the total cost of the product can also be reduced. Storage derived from cost In terms of storage and transportation‚ IKEA use flat packaging to reduce the rate of damaged furniture in storage
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ndia Reports Home Furnishing Industry in India A Chillibreeze Publication | November 2008 Home Furnishing Industry in India Table of Contents 1. Home Furnishings – An Introduction ...........................................................................................4 2. Home Furnishing Industry in India ..............................................................................................4 3. Production Centres – Products Related To Home Furnishings .....................
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you can see the furniture in a real life setting before you buy the products. After you went trough the showrooms and you found something for yourself. You can pick up the products in the warehouse downstairs. This warehouse has a self-service base‚ so you buy immediately your products and you don’t have to order them. The products that you can pick up in the warehouse are very flat packed so they are easy to transport. The end products of IKEA are home design product as furniture‚ decoration and
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