Ikea’s warehouses play multiple roles in the company’s overall supply chain process. Ikea sells their products through online catalogs as well as store demonstrations. In both cases, the warehouses hold the key products and the stocks. As a result, the function of the warehouse is to serve the stores as well as the customers direct (who have ordered online).
Apart from the technology innovation that has been applied to Ikea’s warehouses, the warehouses also serve some traditional problems. Problems such as stock-out is given a certain level of buffer due to the presence of the warehouse. In addition, the warehouses provide inventory classification system that helps the company streamline its production and distribution.
Overall, the warehouse has its own function but in addition, Ikea’s warehouses serve customers through direct shipping and also their stores and partner stores by providing inventory.
Describe the role Ikea's warehouses play in the company's supply chain.
QUESTION 2 (20 MARKS) (a)What is Forecasting and what role does it play in Supply chain Management? [5 MARKS] (b) Discuss any three Qualitative Forecasting Techniques with relevant practical examples. [15 MARKS]
Describes and effectively explains the role of the Fulfillment Centers by Amazon fulfillment play in the company’s supply chain. Identify and describe three or more technologies Amazon applies to run their warehouse and transportation systems efficiently. Explain how stated efficiencies impact the inbound or outbound activities along Amazon’s supply chain.
How does procurement play a role in the value chain process? Give an example.
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Role of optimization models in supply chain risk management
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