Monday, December 23, 2019

Ford Motor Company - 1426 Words

Ford Motor Company Supply Chain Strategy Background In 1913, Henry Ford revolutionized product manufacturing by introducing the first assembly line to the automotive industry. Ford s hallmark of achievement proved to be a key competence for the motor company as the low cost of the Model T attracted a broader, new range of prospective car-owners. However, after many decades of success, customers have become harder to find. Due to relatively new threats to the industry, increasing numbers of cars and trucks are parked in dealer lots and showrooms creating an alarming trend of stagnation and profit erosion. Foreign-based automakers, such as Toyota and Honda, have expanded operations onto domestic shores and, in turn, have wrestled†¦show more content†¦Thus, the flexibility of Ford s chain of supply is vastly compromised. The combination of product complexity and a rigid supplier network adds complexity to the task of introducing virtual integration to Ford‘s dated process. Secondly, the communication channels and procurement procedures of Ford and its tier network are bound within the limits of traditional phone and fax methods resulting in delaying procurements, clogging inventories and affording errors typical of a manual process. Unlike the fully automated online system of Dell, Ford s manual ordering and accounting procedures waste manpower, amass stock and, in the end, prolong OTD. Furthermore, many of Ford s lower tier partners lack the capital to invest into an Internet Technology (IT) infrastructure that would be necessary to fully support virtual integration. Not only do these suppliers lack the technology and funding for IT initiatives, the incentive to upgrade is, also, non-existent. Lastly, historical dealer retailing and traditional consumer buying habits, both, inhibit the full-scale implementation of virtual integration. The dealer segment of Ford s supply chain has been completely omitted in Dell s business model. Dell takes orders directly from the customer and delivers the product, again, directly to the customer. In the case of Ford, dealer showrooms and car lots have been the only ways of retailing a new car since the inception of the automobile. Eradication of allShow MoreRelatedFord Motor Company2304 Words   |  10 PagesFord Motor Company GROUP PROJECT ACC 505 - FINANCIAL ACCOUNTING 12/01/96 TABLE OF CONTENTS DESCRIPTION PAGE INTRODUCTION........................................................1 LIQUIDITY...........................................................1-3 Working Capital...................................................1 Current Ratio Quick Ratio.......................................2 Receivable Turnover Average Days Sales UncollectedRead MoreFord Motor Company1853 Words   |  8 PagesFord Motor Company Corrie Madison-White MGT/521 August 13, 2011 Andrew Rosenberg Abstract A mutual funds manager is trying to decide whether or not they would be willing to invest in the Ford Motor Company. 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