Case Study 2-The Universal Motor Company Aquires Semiconductors

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Dec 6, 2023

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1 The Universal Motor Company Andre Conyers Webster University PROC 5830: Pricing Professor Doug Mowczko
THE UNIVERSAL MOTOR COMPANY 2 1. Major Facts Universal Motor Company manufactures automobiles and trucks. Universal was among the top manufacturers affected by the emissions standards introduced in the US in the late 1970s. The new vehicle emission and fuel consumption standards created technical problems for the auto industry. 2. Major Problem The US government introduced vehicle emission standards and fuel consumption targets for vehicles sold in the US to reduce air pollution. However, the new standards could not be achieved immediately with the existing technologies in the auto industry. The auto industry was required to design engine control computers according to the new standards. The critical problem is that manufacturing the new engine control systems requires new semiconductors. The new standards disrupted the initial supply chain management procedures and policies. The technical issues compelled Universal to develop and implement innovative approaches from the 80s to manage the acquisition of semiconductors effectively and remain competitive. 3. Possible Solutions A. Make Semiconductors The management of Universal was confronted with the problem created by the new standards demanding new approaches to acquire semiconductors while remaining competitive in the auto industry. The management had to choose to make or buy decisions that affected all six strategic areas, including designing, sourcing, and pricing. Universal moved swiftly to conduct an environmental analysis of the semiconductor industry to comprehend the issues and find long-
THE UNIVERSAL MOTOR COMPANY 3 term solutions. The study was conducted by a diverse team of professionals, including engineers, quality specialists, supply, and manufacturing experts. An environmental scan in 1982 identified various problems, including a short supply of semiconductor design engineers and packaging technologies inefficiencies. One of the suggested solutions to address this solution was to make the semiconductors in-house. However, Universal’s capacity to operate a technology-driven semiconductor facility efficiently was questionable. B. Acquire Ready Semiconductors The alternative solution to this problem was for Universal to buy semiconductors directly from manufacturers. Technology leadership was the main issue that drove the company to buy semiconductors. The company thought technology leadership would boost its competitiveness in the automotive industry. The company considered it a strategic advantage for the future to own technologies incorporated in the circuits. 4. Possible Solutions Advantage A: The environmental analysis conducted by a multidisciplinary team from the Universal company showed that the decision to make or buy the semiconductors had various interrelated sub-issues. However, despite issues such as the lack of technologies, the decision to manufacture chips in-house had multiple benefits. One primary advantage is that the company would ensure quality by manufacturing the chips in-house (Frieske & Stieler, 2022). By manufacturing the semiconductor, the company would also manage packaging efficiency problems. Disadvantage A: Despite the benefits, manufacturing semiconductors is expensive. The company must advance its capacity and technologies to efficiently manufacture quality chips for vehicle
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THE UNIVERSAL MOTOR COMPANY 4 manufacturing. Universal would spend over $50 million to produce a significant volume of semiconductors. Concerns were also raised regarding the company’s capability to operate high- tech semiconductor facilities. According to Manley, Alonso & Nassa (2022), the disruptions caused by the pandemic affected the capacities of semiconductor companies globally. The inability of the companies to meet increased demand, especially in the auto industry, led to an increase in car prices. Semiconductor companies delayed completing the capacity and changing production lines (Manley, Alonso & Nassar, 2022). As a result, automakers reduced revenue expectations due to a lack of semiconductors. Consequently, these challenges triggered by the pandemic show the complexities of manufacturing semiconductors. Advantage B: Acquiring ready chips in the market would enable Universal to avoid the cost required to adjust supply chain procedures and processes. The company would also find it affordable to purchase semiconductors instead of producing them expensively. Acquiring from manufacturers would also prevent cultural conflicts between the auto and semiconductor industries. Frieske & Stieler (2022) investigated how the disruption of the supply chains during COVID-19 affected the supply of semiconductors for various industries, including the auto industry. For instance, in the 1 st and 2 nd quarters of 2020, automotive production was reduced by 9.6% due to the shortage of semiconductors (Frieske & Stieler, 2022). Therefore, by manufacturing chips in-house, companies like Universal would avoid such losses due to disruptions in the supply chain. Disadvantage B: Buying the semiconductors would limit the company’s technological leadership prospects. Universal considered that the ability to manufacture chips in-house would enable them to patent the technologies and gain a strategic advantage in the future (Manley, Alonso & Nassar,
THE UNIVERSAL MOTOR COMPANY 5 2022). As a result, the company cannot own the technologies by buying from suppliers. Besides, the company does not have control over the quality of semiconductors sourced externally. 5. Choice and Rationale The best solution to address the semiconductor crisis is to acquire quality chips from established manufacturers. The dominating players in the semiconductor industry include Qualcomm, NVIDIA, TSMC, and Samsung Electronics. For instance, TSMC manufactures 92% of chips for the auto industry (Ramani, Ghosh & Sodhi, 2022). Acquiring from such manufacturers guarantees quality and cost-effective semiconductors compared to in-house manufacturing. 6. Recommendations Universal must implement innovative procurement and sourcing procedures and strategies to acquire semiconductors cost-effectively from competitive and established suppliers. The company should assemble a multidisciplinary team to acquire quality chips in the market (Frieske & Stieler, 2022). The team should include procurement, engineers, quality assurance, and design professionals. The team should ensure that adequate and quality semiconductors are acquired cost-effectively. Finally, the team should consistently communicate with the top management to review the sourcing policies and compliance with vehicle emission standards.
THE UNIVERSAL MOTOR COMPANY 6 References Frieske, B., & Stieler, S. (2022). The “semiconductor crisis” as a result of the COVID-19 pandemic and impacts on the automotive industry and its supply chains. World Electric Vehicle Journal , 13 (10), 189. Manley, R. L., Alonso, E., & Nassar, N. T. (2022). Examining industry vulnerability: a focus on mineral commodities used in the automotive and electronics industries. Resources Policy , 78 , 102894. Ramani, V., Ghosh, D., & Sodhi, M. S. (2022). Understanding systemic disruption from the Covid-19-induced semiconductor shortage for the auto industry. Omega , 113 , 102720.
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