Bose Corporation Is A Massachusetts Based Global Supplier Of Consumer Electronics Essay

Arntzen, B. C., G. G. Brown, T. P. Harrison, L. L. Trafton. 1995. Global supply chain management at Digital Corporation. Interfaces 25(1) 69-93.

Cisco acknowledged that there were initial barriers to the flow of information and the ease of supply operations between them and their business partners who produced products for Cisco’s consumers. They initiated a Supply Chain Management Initiative to improve their operations by automating the supply chain and improving information flow between Cisco and its partners.

When you’re choosing a supplier, you’re not just choosing a particular product, but the people who push that product as well. Issues or late shipments are inevitable, but when those things happen, you want to feel confident that you’re working with professionals that will solve things quickly.

Blanchard  (2009), “successful supplier relationships require two-way information, recommendations, metrics and incentives. Riordan Manufacturing must understand the cost and value of their entire supply chain. Without a detailed understanding of all costs, from raw materials through the end product or service, and the value provided by its supplier in the process, a supplier cannot be evaluated. Therefore, there are several things Riordan Manufacturing can do to improve their relationship with it suppliers. They can incorporate appropriate service levels and metrics into agreement, share critical information as early as possible, plan for major contingencies, expect and reward honesty and finally, make relationship meetings meaningful” (10 Strategies for Managing Suppliers).

Supply chain, its management, performance measures and improvement approaches. As an extension of the systems point of view, the system dynamics inherent in the supply chain are illustrated and the coordination in the supply chain is emphasized. Five areas where measurement of supply chain performance should be made are discussed. The five areas are on-time delivery, quality, time (business cycle) total delivered cost and flexibility.

Mr. Sherwood received an undergraduate degree from Arizona State University in Management, with a focus on Supply Chain Management. He also earned his MBA from the University of North Carolina at Greensboro. Over the past 12 years he has worked for Volvo, Boeing and Amazon as a buyer, and procurement and supply chain strategist. His responsibilities are to ensure that products are being received from suppliers in a timely manner and that the quality of the goods are within acceptable limits. One of the ways that he ensures that these objectives are met is to conduct periodic process evaluations with the suppliers he works with. When Mr. Sherwood does an evaluation he said he is typically looking to see that there is consistency in the way work is completed and quality of the merchandise produced (2016).

Effective supply chain management can provide an important competitive advantage for a business marketer, resulting in improved communication and involvement among members of the chain, increased motivation, and decreased costs. Tracking the movement of and demand for components used to manufacture a product across a variety of potential and actual suppliers, provides insight and the ability to respond instantly to shortages, surpluses, and changes in market conditions. It seeks to optimize production, decrease manufacturing time, minimize inventory, streamline order fulfillment, and reduce cost.

In recent years, the importance management of supply chain has been a popular topic for a discussion and debates especially among the researchers, academician and practitioners. Still, the literature on supply chain management (SCM) especially in exploring the supply chain performance measurement is very limited. This limitation is due to the affected (in return) by many aspects of the firm’s environment and operations. The lack of investigation on understanding the supply chain measurement will affect the objectives and motivations of several supply chain concept even though there is a lot of literature on number of conceptual frameworks, discussion on characteristics, hierarchy and structure of performance measurement framework.

Maintain and assess suppliers’ performance and create relationships. Evaluate each supplier capacity and ability to perform as well as identifying and reducing the supply chain risks

Cisco has an outsourced manufacturing strategy which creates a considerable dependency on its suppliers and manufacturers for several components. As a result, Cisco does not have a lot of influence on the operations of these manufacturers and there have been some supply chain issues. Some of these issues include delayed order fulfillments, a scarcity of components, and longer lead times on many of its products. Moreover, as a result of previous contracts, the organization is forced to pay higher prices for certain components, reducing the organization’s profit margin.

In your study syndicates, you are expected to read, analyse and interpret the key underlying issues of the following case-study titled "The Universal Motor Company Acquires Semiconductors". Six (6) questions have to be answered and these questions can be found at the end of the case study.

The Bose Corporation is a world renowned manufacturer of high-fidelity speakers and audio equipment. The company’s ability to meet customer demand for their products is dependant on the supply chain and availability of components needed to complete customer orders. The company uses a supply chain network that is spread across the globe, with their primary source of over 50% of purchased components coming from the Far East. Logistics managers within the company bear the responsibility of moving the vast amounts of equipment into production, based on a real-time inventory management system called “ProterLink”. This system

Bose Corporation is a designing and manufacturing audio equipment company, which was founded in 1964 by Amar Bose and privately held in Framingham, Massachusetts, America. Operating in numerous countries worldwide, they have gathered a reputation for the highest quality of home audio systems and speaker systems on the market. This has resulted in a premium brand image for the company, which allows it to continue to release premium products. According to the estimation of Forbes (2016), there were approximately 2,400 people working for Bose and their revenue in that period is US$3.8 billion. In 2011, most of Bose Corporation's non-voting shares were given to alma mater and former employer of the Massachusetts Institute of Technology.

There are always business risk when it comes to expanding a company, especially from an international standpoint. There are many strategic risk that needs to be evaluated in order to expand the company successfully. Examining the possible risk of foreign currency exposure, basic functions of international banking/financial market, support of long term financing of operations, and assessment of opportunities that can be implemented within the company. There are risk on three dimensions of international finance, economic trends of the country, impact of globalization and monetary system. All of these situations will be discussed in this paper.

Bose Corporation is a designing and manufactering audio equipment company, which was founded in 1964 by Amar Bose and privately held in Framingham, Massachusetts, America. Operating in numerous countries worldwide, they have gathered a reputation for the highest quality of home audio systems and speaker systems on the market. This has resulted in a premium brand image for the company, which allows it to continue to release premium products. According to the estimation of Forbes (2016), there were approximately 2,400 people working for Bose and their revenure in that period is US$3.8 billion. In 2011, most of Bose Corporation's non-voting shares were given to alma mater and former employer of the Massachusetts Institute of Technology.