Professional Documents
Culture Documents
By
Vijaya Prabhu [10BM60097]
Sathishwaran [10BM60079]
Somaskhandan [10BM60087]
Sathyaseelan [10BM60080]
Company Background
Founded -1964 by Amar Bose, MIT professor
The business was based on innovations in acoustics and
electronics.
In its initial years the companys revenues were primarily
based on portable, battery-operated equipment.
Bose launched the first successful model - 901 speakers,
which were followed by further successful products like the
501 and 301 speakers. Bose entered the car stereo market
with a partnership with Delco division of GM and eventually
offered sound system to Honda, Acura, Audi, and Nissan.
Solicit Bids
Selection and
Qualification of bids
Negotiate Contracts
JIT II Program
Benefits and Risks for Bose
Immediate cost reduction
In plant representative
Defined ceiling on all pricing.
Less paperwork
Eliminates duplication of work
Less Inventory
Flexibility and on time shipments
Stronger supplier alliance, hence better cost
control and employee count
Desirable Outcomes
Successful implementation of JIT II in plastics and
printing material
Reduced procurement cost
Improve internal manufacturing capability for the
components in each plant
Improving purchasing function through
decentralization
Maintain long term relationship with suppliers