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IKEA
IKEA – Some further details
IKEA is one of Europe’s largest privately owned companies (alongside Richard Branson’s Virgin Group and TetraPak of Sweden) so it does not publish much detailed financial information. ... This makes IKEA the largest home furnishing retailer in the world and a significant presence (if not always the market leader) in many countries.
IKEA purchases its products using a global sourcing network of over 2000 suppliers in nearly 70 countries. Because IKEA buys on such a huge global scale, it can order quantities which allow goods to be manufactured at relatively low cost. ... So, for example, a door manufacturer may be commissioned to make a furniture product because it has experience of using some novel method of construction which IKEA which to promote in order to keep their costs down.
Approximate Word count = 506
Approximate Pages = 2
(250 words per page double spaced)
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