Companies with Successful Procurement Policies

The video discusses procurement policies of Hewlett Packard and Walmart, focusing on sustainability and supplier management. Hewlett Packard encourages suppliers to self-assess potential social and environmental risks, providing feedback for improvement. Walmart implements a zero-tolerance policy for unauthorized subcontracting and supports diverse businesses, pledging significant investment in American products. Both companies aim to enhance sustainability and accountability in their supply chains.

What is the primary purpose of Hewlett Packard's self-assessment questionnaire for suppliers?

• To reduce the number of suppliers

• To enforce strict compliance with their policies

• To increase production speed

• To identify potential social and environmental risks

How does Hewlett Packard encourage suppliers to improve their processes?

• By providing financial incentives

• By reducing their orders

• By offering free training programs

• By reviewing self-assessment results and giving feedback

What is a key feature of Walmart's procurement policy?

• A focus on reducing costs at all levels

• A zero-tolerance policy for unauthorized subcontracting

• A flexible approach to subcontracting

• An emphasis on international suppliers

What commitment has Walmart made to support American jobs?

• To hire more American workers

• To purchase $250 billion of products by 2023

• To open new stores across the USA

• To reduce prices for American consumers

Why is transparency in the supply chain important for Walmart?

• To ensure product quality

• To increase their market share

• To comply with international trade laws

• To maintain a zero-tolerance policy for unauthorized subcontracting