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BOSE CORPORATION

                   By
     M.P.Vijaya Prabhu [10BM60097]
        Sathiswaran [10BM60079]
       Somaskndan [10BM60087]
       Sathyaseelan [10BM60080]
Vendors will be interested or not

• First , the vendors will not be interested.
• We need to make them aware about the new
  approach of BOSE (JIT II) .
• The benefits of JIT from both the perspectives
  should be explained
• Long term benefits of the approach is to be
  highlighted
• CBA should be done to make them interested in
  this approach ( Placing one Rep instead of 3)
• Confidentiality of information
If Vendors agreed, how to deal
                                with other issues


• Treating Vendors
   • Initially a restricted access to be given
   • Confidential information about competitors will not be
     shared and so as other sensitive information.
   • Access to necessary documents is ensured
   • Over a period of time , the restriction will be minimized
     to reach the full potential of JIT II approach
• Competitors
   • Competitors should be made sure that confidentiality of
     critical information will be maintained
   • Number of suppliers will be drastically reduced in the
     future
How long this approach should last

• This should be a perpetual relationship
  between the Manufacturer and the supplier
• This enhances the relationship with the
  supplier ,results in enhanced
   • Flexibility
   • Profits
   • Innovative capability
   • Better products to get competitive edge
     in the market
How to go about JIT II approach

• Maintaining Fair prices
  • There should be a constant check in the
    market about the price.
  • Innovation from the supplier side should be
    given due weightage
  • Flexibility and quality of the product should
    be included while comparing the price.
• Criteria for JIT II approach
   • Suppliers are selected based on the check list
      containing all the necessary conditions .
   • Then, Top 3 suppliers are selected
How to go about JIT II approach (contd)


• After due consideration about the product
  quality and quantity they produce one
  vendor is chosen
• A representative from the vendor should be
  seated in the manufacturing facility to
  ensure JIT II approach is maintained.
• Thanks you !!!

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Bose corporation

  • 1. BOSE CORPORATION By M.P.Vijaya Prabhu [10BM60097] Sathiswaran [10BM60079] Somaskndan [10BM60087] Sathyaseelan [10BM60080]
  • 2. Vendors will be interested or not • First , the vendors will not be interested. • We need to make them aware about the new approach of BOSE (JIT II) . • The benefits of JIT from both the perspectives should be explained • Long term benefits of the approach is to be highlighted • CBA should be done to make them interested in this approach ( Placing one Rep instead of 3) • Confidentiality of information
  • 3. If Vendors agreed, how to deal with other issues • Treating Vendors • Initially a restricted access to be given • Confidential information about competitors will not be shared and so as other sensitive information. • Access to necessary documents is ensured • Over a period of time , the restriction will be minimized to reach the full potential of JIT II approach • Competitors • Competitors should be made sure that confidentiality of critical information will be maintained • Number of suppliers will be drastically reduced in the future
  • 4. How long this approach should last • This should be a perpetual relationship between the Manufacturer and the supplier • This enhances the relationship with the supplier ,results in enhanced • Flexibility • Profits • Innovative capability • Better products to get competitive edge in the market
  • 5. How to go about JIT II approach • Maintaining Fair prices • There should be a constant check in the market about the price. • Innovation from the supplier side should be given due weightage • Flexibility and quality of the product should be included while comparing the price. • Criteria for JIT II approach • Suppliers are selected based on the check list containing all the necessary conditions . • Then, Top 3 suppliers are selected
  • 6. How to go about JIT II approach (contd) • After due consideration about the product quality and quantity they produce one vendor is chosen • A representative from the vendor should be seated in the manufacturing facility to ensure JIT II approach is maintained.