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Detecting unethical practices at supplier factories, to include monitoring and compliance, is a major challenge to say the least. Yet, wages drive costs and it's an absolute necessity to maintain the lowest cost in production of any good. Or is it?
Discuss how important is it for companies, such as Nike and Wal-Mart that source extensively from foreign suppliers located in countries where wages are low and substandard working conditions are common to institute supplier codes of conduct and undertake programs to monitor and ensure supplier compliance with these codes of conduct?
Would you recommend that a company join the Fair Labor Association and use FLA's standards and program of factory audits instead of trying to set up its own supplier monitoring and compliance effort?
What can a company do to detect and combat the efforts of unscrupulous foreign suppliers to deceive inspection/compliance teams?
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The paper is the related to the strategic implementation of the policies applied by the reputed company.This paper also highlights the requirement of the new policies and procedures that the company has to follow it.This paper has been prepared in Microsoft Word Document.
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