manage sudden changes in demand without sacrificing customer experience or product quality. In an essay, you are required to analyse inventory management at Ikea. Comment on whether you believe Ikea should make use of the ABC analysis of inventory classification. Justify your stance by discussing at least three key points. Evaluate factors impacting the future of procurement in relation to Ikea such as the fourth industrial revolution.
Regardless of the size of an organisation, having a proper inventory management system is very
important for any business. It can help an organisation keep track of all supplies and determine
the exact prices. It can also help assist an organisation manage sudden changes in demand
without sacrificing customer experience or product quality.
In an essay, you are required to analyse inventory management at Ikea.
Comment on whether you believe Ikea should make use of the ABC analysis of inventory
classification. Justify your stance by discussing at least three key points.
Evaluate factors impacting the future of procurement in relation to Ikea such as the fourth
industrial revolution.
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