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Value Chain Management: IKEA Case Study

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KristianMoen
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22 Questions

In the procurement process, selecting the supplier is the final step.

False

Raw materials are an example of supplementary materials purchased by an organization.

False

E-procurement solutions can reduce the time between need recognition and order release and receipt.

True

In organizational buying behavior, the buying process is influenced by the characteristics of the product, such as its complexity and importance.

True

The primary task of procurement management is to ensure that the company has a secure supply of goods and services at the lowest possible cost.

True

In a reversed auction, the buyer determines the price and suppliers bid down the price.

True

The procurement function is responsible for managing the supply chain, including inbound and outbound logistics.

True

E-procurement can reduce the administrative burden and improve communication with suppliers.

True

The procurement process involves only the procurement team, and does not involve other stakeholders.

False

IKEA's value chain includes inbound logistics, operations, outbound logistics, marketing and sales, and services.

True

At Stage 2 of the procurement process, the primary focus is on cross-functional team-based problem-solving.

False

The procurement strategy at Stage 3 is characterized by a strong central procurement department.

True

In Stage 5, the emphasis is on reducing the total life cycle cost of purchased goods and services.

False

The procurement strategy at Stage 6 focuses on delivering value to the end customer.

True

There is no explicit procurement strategy in place at Stage 1.

True

At Stage 4, the emphasis is on cross-unit coordination and compliance with nationally negotiated contracts.

False

Procurement digitalization has hindered procurement operatives from working on procurement development

False

The objectives and targets for procurement are always defined and measurable

False

The post-contractual stage is not relevant in purchasing business services

False

The share of purchased goods in the value proposition is decreasing

False

Subcontractors do not seek support from their suppliers

False

Procurement is a standalone function that is not integrated with other business domains

False

Explore the value chain of IKEA, including primary activities such as inbound logistics, operations, and marketing, and support activities like procurement and HR management. Learn how tailored services and distribution channel strategies contribute to value advantage.

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