Proposal Assignment Example | Topics and Well Written Essays - 750 words

Proposal - Assignment Example These factors raised issues for the company with regard to Supply Chain Management (SCM) which further caused substantial decrease in stakeholders’ confidence. In this regard, the company will be provided with the opportunity of devising as well as implementing better policies and standards with the objective of improving business operations of its suppliers on a global context (Wal-Mart Stores, Inc., â€Å"Ethical Sourcing†). Solution In order to mitigate the above described SCM related issue, Walmart decided to undergo a massive restructuring process. In this context, the suppliers of the company were required to be ISO 9000 certified in order to provide goods to the company adhering to the specified quality standards which would not only assure an effective holistic approach in its SCM practices, but shall also prove beneficial in revitalizing stakeholders’ confidence. Moreover, with the ISO certification of suppliers, the company also expected to vitalize its ability to assure that the goods procured are in accordance with the specified quality standards. ... All these initiatives have apparently aided the company and its suppliers to perform their business operations applying increased ethical concerns in terms of quality and transparency (Plambeck and Denend, â€Å"The Greening of Walmart’s Supply Chain†). Why did you pick this topic? SCM is determined to be an important element for retailing and other related companies to perform their business operations in an effective manner. Moreover, with the growing demand for superior quality of goods and/or services are observed among consumers in worldwide market segments. The case of Walmart in relation to the SCM issues has been adopted for identifying the importance of ISO 9000 certification among companies which presents a relatively challenging and unique doctrine to be studied. What is it about this topic that interests you? The topic is based on the notion which signifies that SCM practices, within the organizational context are determined to be an important element which is essential to procure quality goods or services in an efficient manner. It is worth mentioning in this context that with the development of technology and globalization effects, the market competition has intensified. In this respect, consumers are also recognized to be demanding for superior goods at competitive prices. This particular understanding can be apparently observed with reference to the SCM practiced within Walmart wherein the suppliers are required to be ISO certified in order to assure that the goods procured are in accordance with the specified quality standards. Moreover, this topic also seemed to be emphasizing on the importance of principles and standards for conducting SCM operations in an ethical manner within the global periphery. What