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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

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