10 Types of Innovation
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Ikea developed flatpack<br />
furniture with<br />
no variation by<br />
region or country.<br />
Its products included<br />
the same hardware<br />
and instructions<br />
regardless <strong>of</strong> where<br />
they were<br />
purchased, thus<br />
helping to<br />
streamline the<br />
company’s internal<br />
production<br />
processes.<br />
Crowdsourcing:<br />
IKEA work with product developers and specialists to<br />
design IKEA product. This encourages the synergistic<br />
effort within the team to come out with more that 9500<br />
products in IKEA’s home finishing range.<br />
Process Efficiency:<br />
Value chain optimisation,<br />
building long term supplier<br />
relationship, investing in<br />
automated production and<br />
producing large volume.<br />
Reduced pack size <strong>of</strong> specific<br />
furniture by as much as<br />
50%.<br />
Reduced specific furniture prices by 2-3% per annum.<br />
Lean production:<br />
Developers and designers work with a<br />
diverse team <strong>of</strong> technicians, manufacturers<br />
and specialists right on the factory floor<br />
during the early stage <strong>of</strong> production.<br />
Standardisation:<br />
Standardised products,<br />
warehouses, and design in<br />
every 315 stores across 27<br />
countries.<br />
Annual figure <strong>of</strong> 770million<br />
visitors to their stories.<br />
Process <strong>Innovation</strong><br />
How you use signature or superior methods to do your work<br />
© UCSI Consulting Group 2016