Walmart is a branded American multinational retail corporation that operates chains of large discount departmental stores and warehouse stores. Their main strategy with operational management is to help people around the world to save money and live better. The company was founded in 1962 by Sam Walton and is incorporated on October 31st, 1969. It is headquartered in Bentonville, Arkansas. Walmart has over 11,000 stores under 71 banners in 27 countries and e-commerce websites in 10 countries. The sales of Walmart till 2014 are approximately $473 billion and have 2.2 million employees worldwide.
Walmart’s specific policy related to supplier accountability is as follows: “The safety and well-being of workers across our supply chain is the Responsible Sourcing group’s top priority, which is why Walmart suppliers are contractually required to sign our Standards for Suppliers before they’re approved to produce merchandise for sale at Walmart. These Standards for Suppliers make clear our fundamental expectations for suppliers and factories regarding the treatment of workers and impact on the environment. Suppliers are also required to display our Standards for Suppliers in the local language in all factories where products are made for us, so workers know our expectations of suppliers and factory management” (http://corporate.walmart.com/global-responsibility/ethical-sourcing/standards-for-suppliers).
As a part of their commitment to worker safety and well-being of the supply chain, Walmart updates the standards for suppliers regularly. The standards for suppliers are Walmart’s fundamental expectations of its suppliers. They promote integrity by developing and upholding their policies for their stakeholders wherever they operate. To help suppliers understand the expectations and obligations of the standards for suppliers, Walmart has prepared a guide called “The standards for suppliers manual.” Their main standards are: 1. Compliance with laws 2. Voluntary labor...
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