Bose Case Study Final
Bose Case Study
By: Girdhar Agrawal goa5069 S.C.M. 406
Objective: To help Bose Corporation continuously improve, its sustainable competitive edge as technological leader of acoustic science, by analyzing and improving the performance of its Supply Chain.
Executive Summary: Bose Corporation, headquartered in Framingham, Massachusetts is one of the largest producers of audio premium speakers. These speakers are used in automobiles, high-fidelity systems and consumer, commercial broadcasting systems. The company has a global supply chain and procures, 20% of its material from foreign suppliers. It also procures, 35% of its materials directly from local suppliers. The firm is trying to move towards, single sourcing many of its 800 to 1,000 parts, in order to make its supply chain more efficient. The company realizes the importance of an efficient supply chain and has undertaken several initiatives to increase the efficiency of its supply chain, which will be discussed further into the case study.
Introduction: In this case study, we will try to look at some of the supply chain initiatives that have been undertaken by Bose over the past few years. We will also look at the results of these initiatives and their importance, within Bose’s supply chain. To add to this, we will also try to come up with suggestions, as to how Bose may further improve upon its supply chain. To start with, Bose has developed a detailed supplier performance system, which helps them measure supplier performance overtime. This system has also allowed them to distinguish high performing suppliers form the others, by allowing high performing supplier to apply for a qualified supplier certificate, after a period of six months. This system has also allowed Bose to provide constructive feedback to their suppliers and help set specific goals for underachieving suppliers. Overall, this system has helped Bose measure supplier performance effectively. The second major initiative
By: Girdhar Agrawal goa5069 S.C.M. 406
Objective: To help Bose Corporation continuously improve, its sustainable competitive edge as technological leader of acoustic science, by analyzing and improving the performance of its Supply Chain.
Executive Summary: Bose Corporation, headquartered in Framingham, Massachusetts is one of the largest producers of audio premium speakers. These speakers are used in automobiles, high-fidelity systems and consumer, commercial broadcasting systems. The company has a global supply chain and procures, 20% of its material from foreign suppliers. It also procures, 35% of its materials directly from local suppliers. The firm is trying to move towards, single sourcing many of its 800 to 1,000 parts, in order to make its supply chain more efficient. The company realizes the importance of an efficient supply chain and has undertaken several initiatives to increase the efficiency of its supply chain, which will be discussed further into the case study.
Introduction: In this case study, we will try to look at some of the supply chain initiatives that have been undertaken by Bose over the past few years. We will also look at the results of these initiatives and their importance, within Bose’s supply chain. To add to this, we will also try to come up with suggestions, as to how Bose may further improve upon its supply chain. To start with, Bose has developed a detailed supplier performance system, which helps them measure supplier performance overtime. This system has also allowed them to distinguish high performing suppliers form the others, by allowing high performing supplier to apply for a qualified supplier certificate, after a period of six months. This system has also allowed Bose to provide constructive feedback to their suppliers and help set specific goals for underachieving suppliers. Overall, this system has helped Bose measure supplier performance effectively. The second major initiative
References: 1) Monczka, Robert M. Purchasing and Supply Chain Management. Mason, OH: South-Western, 2011. Print. 2) Bozarth, Cecil C., and Robert B. Handfield. Introduction to Operations and Supply Chain Management. Boston: Pearson, 2013. Print.