- (The JIT II Program) Case Analysis No. GAINING FAMILIARITY / CASE BACKGROUND Bose Corporation was founded in 1964. Amar Bose, a professor of Electrical Engineering and Computer Science at the Massachusetts Institute of Technology.
- Case Study #1 SUPPLY CHAIN MANAGEMENT AT BOSE CORPORATION. Bose Corporation, headquartered in Framingham, Massachusetts, offers an excellent example of integrated supply chain management. Bose, a producer of audio premium speakers used in automobiles, high-fidelity systems, and consumer and commercial broadcasting systems, was founded in 1964 by Dr.
- Bose Corporation The Jit Ii Program A Case Study Pdf
- Bose Corporation The Jit Ii Program A Case Study Guide
The strategy should include expediting shipment to meet upside demand. On quality, Bose corporation should be designed to deliver high quality products to customers. This can be done by adopting collaborative planning, replenishment and forecasting, JIT and Lean system.Bose also needs get suppliers that can quickly adapt to their innovative capability. As stated in the case “because foreign sourcing does not support just-in-time deliveries, Bose “had to find a way to blend low inventory with buying from distant sources”, Suppliers should be able blend into technological innovation of Bose and be able to respond to Bose’s needs in a timely manner to bring new products to market as quickly as possible. If not, it could have a devastating effect on sourcing of materials, inventory management and customer service which are core competencies of Bose. Question 2. What should be the relationship between Bose’s supply management strategy and the development of its performance measurement…show more content…
Quality product is critical to just-in-time (JIT) purchasing system. Poor product quality from a supplier can disrupt the entire supply chain and result in expensive production. If Bose corporation receives a poor-quality that they need to send back to the supplier, entire Bose’s production processes disrupted. Such occurrences can shut down production line in some cases. Since Bose uses JIT system which minimizes inventory. This will have negative multiplier effect downstream supply chain. The implication of this is that, there will be a delay in Bose’s deliveries to its customers resulting in possible loss of customers and profit. To prevent this, Bose must have a strategic alliance with supplier. That ensures quality delivery of
Definition of SWOT Analysis
Recommendation o JIT II, even after several years of use, is a conflict in BOSE. The company looks forward to “better sound through research”. In addition, the company is constantly seeking new markets and planning on expansion. Most of the company’s activities are focused on developing brand name in JAPAN.
What is SWOT Analysis & Matrix? How you can use SWOT Analysis for Bose Corp.: The JIT II Program (A)
At EMBA PRO , we specialize at analyzing & providing comprehensive, corporate SWOT Analysis of Bose Corp.: The JIT II Program (A) case study. Bose Corp.: The JIT II Program (A) 'referred as Bose Vendors in this analysis ' is a Harvard Business Review (HBR) case study used for MBA & EMBA programs. It is written by Roy D. Shapiro, Bruce Isaacson and deals with topics in areas such as Technology & Operations Joint ventures, Manufacturing, Strategic planning, Supply chain
SWOT Analysis stands for – Strengths, Weaknesses, Opportunities, and Threats that Bose Vendors encounters both internally and in macro environment that it operates in. Strengths and Weaknesses are often restricted to company’s internal - resources, skills and limitations.
Opportunities and Threats are factors that are analyzed in view of the prevalent market forces and other factors such as economic , social, health & safety, technological, political, and legal & environmental.
According to global executive survey done by Harvard Business Review & Brightline Initiative – Only 20% of the strategic targets set by organizations are realized. Rest 80% of the strategic targets are not achieved because of incomprehensive planning, limited resource allocation, and poor execution.
The successful organizations such as Bose Vendors are the one who able to predict market trends better than others, provide resources to develop products and services to leverage those trends, able to counter competitors’ threats, and meet customers’ expected value proposition.
Case Description of Bose Corp.: The JIT II Program (A) Case Study
Bose Corp. is evaluating an unusual plan to manage relationships with vendors that supply components for Bose speakers. The company must decide: 1) which planning and ordering activities should be performed by Bose and which can be performed by vendors, 2) how much access vendors should have to Bose computer systems and facilities, and 3) how to adapt vendor relations as the company grows or as markets change. Students are asked to consider both the buyer's and the vendor's perspective on the buyer-seller relationship.
Case Authors : Roy D. Shapiro, Bruce Isaacson
Topic : Technology & Operations
Related Areas : Joint ventures, Manufacturing, Strategic planning, Supply chain
Case Study Solution & Analysis of Bose Corp.: The JIT II Program (A)
PESTEL / PEST / STEP Analysis of Bose Corp.: The JIT II Program (A) Case Study
Urgent - 6Hr
- 100% Plagiarism Free
- On Time Delivery | 27x7
- PayPal Secure
- 300 Words / Page
12 Hr Delivery
- 100% Plagiarism Free
- On Time Delivery | 27x7
- PayPal Secure
- 300 Words / Page
24 Hr
- 100% Plagiarism Free
- On Time Delivery | 27x7
- PayPal Secure
- 300 Words / Page
What are the Four Elements of SWOT Analysis? How to use them for Bose Corp.: The JIT II Program (A) case study?
The four key elements of SWOT analysis are - Strengths, Weaknesses, Opportunities & Threats. Bose Vendors can use strengths to create niche positioning in the market, can strive to reduce & remove weaknesses so that it can better compete with competitors, look out to leverage opportunities provided by industry structure, regulations and other development in external environment, and finally make provisions and develop strategies to mitigate threats that can undermine the business model of Bose Vendors.
| Opportunities | Threats | |
|---|---|---|
| Strengths | Strength Opportunities (SO) Strategies Using Bose Vendors strengths to consolidate and expand the market position. | Strength Threats (ST) Strategies Bose Vendors can use two approaches - building on present strengths, or analyze the trend and build processes to two pronged market penetration approach. |
| Weaknesses | Weakness Opportunities (WO) Strategies Building strategies based on consumer oriented product development and marketing approach. | Weaknesses Threats (WT) Strategies Bose Vendors should just get out of these business areas and focus on strength and threats box , or on weakness and opportunities box. |
For more detailed SWOT Matrix strategy please go through the detailed analysis of strengths, weaknesses, opportunities, and threats in next section.
What are Strengths in SWOT Analysis
Strengths - Bose Corp.: The JIT II Program (A)
Strengths are the Bose Vendors capabilities and resources that it can leverage to build a sustainable competitive advantage in the marketplace. Strengths come from positive aspects of five key resources & capabilities - financial resources, activities & processes, human resources, physical resources such as land, building, and past experiences and successes .
- Strong Brand Equity and Brand Awareness – Bose Vendors has some of the most recognized brands in the domestic market it operates in. According to Roy D. Shapiro, Bruce Isaacson , brand recognition plays a significant role in attracting new customers looking for solutions in Joint ventures, Manufacturing, Strategic planning, Supply chain adjacent industries.
- First Mover Advantage – Bose Vendors has first mover advantage in number of segments. It has experimented in various areas Joint ventures, Manufacturing, Strategic planning, Supply chain. The Technology & Operations solutions & strategies has helped Bose Vendors in coming up with unique solution to tap the un-catered markets.
- Managing Regulations and Business Environment – Bose Vendors operates in an environment where it faces numerous regulations and government diktats. In Joint ventures, Manufacturing, Strategic planning, Supply chain areas, the firm needs to navigate environment by building strong relationship with lobby groups and political network.
- Diverse Product Portfolio of Bose Vendors – The products and brand portfolio of Bose Vendors is enabling it to target various segments in the domestic market at the same time. This has enabled Bose Vendors to build diverse revenue source and profit mix.
- High Margins – Bose Vendors charges a premium compare to its competitors. According to Roy D. Shapiro, Bruce Isaacson of Bose Corp.: The JIT II Program (A) case study, this has provided Bose Vendors resources to not only thwart competitive pressures but also to invest into research and development.
- Successful Go To Market Track Record – Bose Vendors has a highly successful track record of both launching new products in the domestic market but also catering to the various market based on the insights from local consumers. According to Roy D. Shapiro, Bruce Isaacson , Bose Vendors has tested various concepts in different markets and come up with successful Technology & Operations solutions.
- Strong relationship with existing suppliers – As an incumbent in the industry, Bose Vendors has strong relationship with its suppliers and other members of the supply chain. According to Roy D. Shapiro, Bruce Isaacson , the organization can increase products and services by leveraging the skills of its suppliers and supply chain partners.
What are Weakness in SWOT Analysis
Weakness- Bose Corp.: The JIT II Program (A)
Weaknesses are the areas, capabilities or skills in which Bose Vendors lacks. It limits the ability of the firm to build a sustainable competitive advantage. Weaknesses come from lack or absence of five key resources & capabilities - past experiences and successes, activities & processes, physical resources such as land, building, financial resources, and human resources .
- Bose Vendors business model can be easily replicated even with the number of patents and copyrights the company possess. The intellectual property rights are very difficult to implement in the industry that Bose Vendors operates in. According to Roy D. Shapiro, Bruce Isaacson , Intellectual Property Rights are effective in thwarting same size competition but it is difficult to stop start ups disrupting markets at various other levels.
- Track record on environment consideration is not very encouraging – Bose Vendors track record on environmental issues is not very encouraging. According to Roy D. Shapiro, Bruce Isaacson , this can lead to consumer backlash as customers are now considering environmental protections as integral to part of doing business.
- Lack of critical talent – I believe that Bose Vendors is suffering from lack of critical talent especially in the field of technology & digital transformation. Bose Vendors is struggling to restructure processes in light of developments in the field of Artificial Intelligence (AI) and machine learning.
- Lack of Work force diversity – I believe that Bose Vendors is not diverse enough given that most of its growth so far is in its domestic market. According to Roy D. Shapiro, Bruce Isaacson , this can reduce the potential of success of Bose Vendors in the international market.
- Organization Culture – It seems that organization culture of Bose Vendors is still dominated by turf wars within various divisions, leading to managers keeping information close to their chests. According to Roy D. Shapiro, Bruce Isaacson of Bose Corp.: The JIT II Program (A) case study, this can lead to serious road blocks in future growth as information in silos can result can lead to missed opportunities in market place.
- Inventory Management – Based on the details provided in the Bose Corp.: The JIT II Program (A) case study, we can conclude that Bose Vendors is not efficiently managing the inventory and cash cycle. According to Roy D. Shapiro, Bruce Isaacson , there is huge scope of improvement in inventory management.
What are Opportunities in SWOT Analysis
Opportunities- Bose Corp.: The JIT II Program (A)
Opportunities are macro environment factors and developments that Bose Vendors can leverage either to consolidate existing market position or use them for further expansion. Opportunities can emerge from various factors such as - technological innovations, economic growth, political developments & policy changes, changes in consumer preferences, and increase in consumer disposable income .
- Access to International Talent in Global Market – One of the challenges Bose Vendors facing right now is limited access to high level talent market because of limited budget. Expansion into international market can help Bose Vendors to tap into international talent market. According to Roy D. Shapiro, Bruce Isaacson , it can also help in bringing the talent into domestic market and expanding into new areas Joint ventures, Manufacturing, Strategic planning, Supply chain.
- Growing Market Size and Evolving Preferences of Consumers – Over the last decade and half the market size has grown at brisk pace. The influx of new customers has also led to evolution of consumer preferences and tastes. This presents Bose Vendors two big challenges – how to maintain loyal customers and how to cater to the new customers. Bose Vendors has tried to diversify first using different brands and then by adding various features based on customer preferences.
- E-Commerce and Social Media Oriented Business Models – E-commerce business model can help Bose Vendors to tie up with local suppliers and logistics provider in international market. Social media growth can help Bose Vendors to reduce the cost of entering new market and reaching to customers at a significantly lower marketing budget. It can also lead to crowd sourcing various services and consumer oriented marketing based on the data and purchase behavior.
- Reducing Cost of Market Entry and Marketing into International Markets – According to Roy D. Shapiro, Bruce Isaacson, globalization along with boom in digital marketing and social media has considerably reduced the risks of market entry and marketing in international market.
- Increase in Consumer Disposable Income – Bose Vendors can use the increasing disposable income to build a new business model where customers start paying progressively for using its products. According to Roy D. Shapiro, Bruce Isaacson of Bose Corp.: The JIT II Program (A) case study, Bose Vendors can use this trend to expand in adjacent areas Joint ventures, Manufacturing, Strategic planning, Supply chain.
- Changing Technology Landscape – Machine learning and Artificial Intelligence boom is transforming the technology landscape that Bose Vendors operates in. According to Roy D. Shapiro, Bruce Isaacson , Bose Vendors can use these developments in improving efficiencies, lowering costs, and transforming processes.
What are Threats in SWOT Analysis
Threats- Bose Corp.: The JIT II Program (A)
Threats are macro environment factors and developments that can derail business model of Bose Vendors. Threats can emerge from various factors such as - economic growth, changes in consumer preferences, technological innovations, political developments & policy changes, and increase in consumer disposable income .
- Government Regulations and Bureaucracy – Bose Vendors should keep a close eye on the fast changing government regulations under the growing pressure from protest groups and non government organization especially regarding to environmental and labor safety aspects.
- Increasing bargaining power of buyers – Over the years the bargaining power of customers of Bose Vendors has increased significantly that is putting downward pressure on prices. The company can pursue horizontal integration to consolidate and bring efficiencies but I believe it will be a short term relief. According to Roy D. Shapiro, Bruce Isaacson , Bose Vendors needs fundamental changes to business model rather than cosmetic changes.
- Credit Binge post 2008 Recession – Easy access to credit can be over any time, so Bose Vendors should focus on reducing its dependence on debt to expand. The party has lasted for more than a decade and rollback from Fed can result in huge interest costs for Bose Vendors.
- Growing Protectionism - Bose Vendors should hedge the risk against growing protectionism ranging from – storing data into international market to diversifying risk by operating into countries at different economic cycle.
- Culture of sticky prices in the industry – Bose Vendors operates in an industry where there is a culture of sticky prices. According to Roy D. Shapiro, Bruce Isaacson of Bose Corp.: The JIT II Program (A) case study, this can lead to inability on part of the organization to increase prices that its premium prices deserve.
- US China Trade Relations – Bose Vendors has focused on China for its next phase of growth. But there is growing tension between US China trade relations and it can lead to protectionism, more friction into international trade, rising costs both in terms of labor cost and cost of doing business.
5C Marketing Analysis of Bose Corp.: The JIT II Program (A)
4P Marketing Analysis of Bose Corp.: The JIT II Program (A)
Porter Five Forces Analysis and Solution of Bose Corp.: The JIT II Program (A)
Porter Value Chain Analysis and Solution of Bose Corp.: The JIT II Program (A)
Case Memo & Recommendation Memo of Bose Corp.: The JIT II Program (A)
Blue Ocean Analysis and Solution of Bose Corp.: The JIT II Program (A)
Marketing Strategy and Analysis Bose Corp.: The JIT II Program (A)
VRIO /VRIN Analysis & Solution of Bose Corp.: The JIT II Program (A)
PESTEL / STEP / PEST Analysis of Bose Corp.: The JIT II Program (A)
Bose Corporation The Jit Ii Program A Case Study Pdf
Case Study Solution of Bose Corp.: The JIT II Program (A)
SWOT Analysis and Solution of Bose Corp.: The JIT II Program (A)
Bose Corporation The Jit Ii Program A Case Study Guide
References & Further Readings
Roy D. Shapiro, Bruce Isaacson (2018), 'Bose Corp.: The JIT II Program (A) Harvard Business Review Case Study. Published by HBR Publications.