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#BOSE CORPORATION THE JIT II PROGRAM A CASE STUDY FULL# Moreover it also delineates the impact of such changing factors on the users, and other stakeholders. Also, the purpose of the problem statement is to describe the external environment and its effect on the overall organization in short and long-term. The clear problem statement is developed by stating the factors and the operations getting effected and its overall impact on the organization specific the areas, such as Profitability, sales or brand equity. Moreover, clarity of the Bose Corporation Jit Ii problem statement is important to maintain, in order to avoid the misunderstanding between the shareholders and stakeholders. The conciseness of the problem statement is the key, as it allows the reader to quickly understand the issue. Such is due to the fact, that it allows the management, stakeholder to quickly understand the finding and also look on the main problem, rather getting entangled in the symptoms of the problem. Also, it offers the specific insights to the management in understanding and looking at the factors that have been hidden from the management sight, effecting the performance slowly and gradually.ДЄpart from this, while developing the problem statement, it is important for the Problem statement to be clear and concise. Moreover, the problem statement allow the management to trim down the symptoms of the problem an organization is facing and look on to the real problem that is causing the damage to any specific aspect of the company.Д«asically, developing a problem statement is an extensive process and requires the proper brain storming of the teams in order to identify the underlying loopholes or inefficiencies within the organization. In recent period, the problems statement are widely used by the firms to allow the management execute the improvement process or identify the loopholes that are effecting the overall performance or profitability of the company. The main idea of the problem statement is to answer the 5 wвЂ™s that include the answering who, what, where and why, to allow the organization resolve the problem, by stating it in clearly in 2 to 3 lines. It identifies the issues or gap between the current and desired type of the organization, and thus requires to be stated in order for the management to look for change. The problem statement refer to the concise description of the issues that needs to be addressed. Bose Corporation Jit Ii Problem Statement Also, while it saves time, since both contractor and supplier are working on the design at the same time, the contractor ends up not developing potentially core areas of their business therefore leaving themselves exposed to potential new entrants to the i. #BOSE CORPORATION THE JIT II PROGRAM A CASE STUDY FULL# The supplier representative has full access to the information. Cutting edge information is available for the supplier about new product design. JIT II saves time and money as well, but at the same time poses a substantial risk to the contracting company. By designer and supplier working together design and production time can be further reduced and the capabilities of the suppliers can be taken into consideration during the design phase. With the introduction of parallel development process came JIT II and the incorporation of key outsourcing partners into the contracting company.  JIT, however relies heavily on the quality of the outsourced products since turnaround time for design and delivery was reduced. In order to reduce the bull-whip effect and to promote two-way innovation for new product lines between product designers and suppliers a new system was created.  JIT was based on information sharing along the supply chain, since at the core of JIT lies the notion of reduced inventory. JIT II is a further enhanced version of JIT, which depends heavily on the linkages between the different players in the supply chain. Any criteria that are strategically important should be developed in house, while supporting parts are better outsourced. Should Bose participate in the JIT II program? Should G&F? What are the potential benefits and risks for both companies?Д«efore being able to answer this question, it is important to look at Bose and what are the qualifying and winning criteria Bose products have.

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