Nike vs Walmart Suppliers Essay Sample
Wal-Mart has the strongest supplier monitoring plan because they sporadically evaluate and modify criterions based on feedback. Prior to undertaking any provider. Wal-Mart required the providers to reexamine and subscribe a provider understanding. which incorporated an outlook that the provider would follow with Wal-Mart’s “Standards for Suppliers. ” Wal-Mart invested in set uping criterions for its providers and implemented an ethical criterions plan that helps Wal-Mart proctor its providers sing whether or non they are staying by the criterions. When compared to Wal-Mart. Nike conducted less audits and did non hold the same criterions set for its providers. Wal-Mart behaviors extended audits. some of which are unheralded giving the providers less clip to respond or fix for the visits.
The unheralded audit visits helps Wal-Mart maintain an oculus on the activity of its providers sing whether they are in conformity with the criterions. If a provider is non in conformity with the criterions. Wal-Mart enforces a all right or punishment for misdemeanor of the regulations and ordinances. If a provider does non follow the criterions set by Wal-Mart. so Wal-Mart cuts ties with that provider. Wal-Mart is invariably working on keeping a good image and repute. In order for Wal-Mart to prolong a good repute. rigorous criterions and policies are in topographic point for the providers to follow. Wal-Mart continuously works with providers by educating and developing the workers and holding new operating patterns that are easy to adhere to.
