Adam, Patrick, James,Nishant and Michelle
Section B28
Assignment 3.9
Research Page: Abbott has three core values when it comes to its relationships with suppliers: having a diverse range of suppliers, using ethical suppliers and ensuring that goods supplied are up to a high standard of quality. Abbott heavily emphasises using a wide range of suppliers on its company website. Abbott tries to use a lot of small businesses in its supply chain in order to help these businesses stay successful. Also, Abbott puts emphasis on using suppliers who encourage diversity by encouraging its suppliers to gain certification for employment of minorities, veterans and many other groups. Abbott also emphasises ethical practices when choosing its suppliers. …show more content…
The company is well rounded as they operate in all major emerging markets and are renown for their treatment of workers. There have also been no complaints against the company. Beta Manufacturers is an American-based supplier with the focus on transportation efficiency. They provide very cheap shipping rates in their products to emerging markets. Since they are based in America, they uphold American worker’s standards and have made environmental protection a top priority. However, because they are American based company, they ship the product to local workers for distribution; creating a chance of loss of communication in their operations. Beta Manufacturers also have been accused of high workloads and excessive overtime. The treatment of employees and chance of lost communication does not suit Abbott. Gamma Creation is a local manufacturer which emphasizes being efficient and creating maximum profit. They’ve had several complaints related to underage workers and high levels of worker suicide. In attempt to fix the issue they hired a new manager to oversee the ethical treatment of workers but there’s not strong evidence that it’s effective. Gamma does not seem to fit well with Abbott’s values. Delta Suppliers is a startup supplier. They promised they have geographic flexibility and uphold the highest quality standards. In addition, their pricing is extremely low. Gamma …show more content…
The rules that apply while choosing the supplier are the rules that regulate working conditions and supplier standards. Some of the questions we have while choosing the prospective suppliers are whether they have a known track record of complying with international standards, do they provide their employees with fair working conditions and if they are the most effective supplier for the product. The resource we have is the supplier section in the capstone assignment which states each supplier’s track record on compliance with rules regarding working conditions and international supplier standards. Alpha Supply Company, Beta Manufacturers, Gamma Creation and Delta Suppliers are the four suppliers we can choose from. Our decision with regard to the supplier we choose will affect Abbot because the profitability of this initiative will depend on its cost and the reputation of the supplier also affects Abbot because they now have a professional business relationship. After a thorough analysis of the different suppliers, we have chosen Alpha Supply Company as our primary supplier because of the way they treat their employees and their commitment to ensure that they abide by international supplier standards. Although this is the most expensive alternative, we believe that it is the best option because
Section B28
Assignment 3.9
Research Page: Abbott has three core values when it comes to its relationships with suppliers: having a diverse range of suppliers, using ethical suppliers and ensuring that goods supplied are up to a high standard of quality. Abbott heavily emphasises using a wide range of suppliers on its company website. Abbott tries to use a lot of small businesses in its supply chain in order to help these businesses stay successful. Also, Abbott puts emphasis on using suppliers who encourage diversity by encouraging its suppliers to gain certification for employment of minorities, veterans and many other groups. Abbott also emphasises ethical practices when choosing its suppliers. …show more content…
The company is well rounded as they operate in all major emerging markets and are renown for their treatment of workers. There have also been no complaints against the company. Beta Manufacturers is an American-based supplier with the focus on transportation efficiency. They provide very cheap shipping rates in their products to emerging markets. Since they are based in America, they uphold American worker’s standards and have made environmental protection a top priority. However, because they are American based company, they ship the product to local workers for distribution; creating a chance of loss of communication in their operations. Beta Manufacturers also have been accused of high workloads and excessive overtime. The treatment of employees and chance of lost communication does not suit Abbott. Gamma Creation is a local manufacturer which emphasizes being efficient and creating maximum profit. They’ve had several complaints related to underage workers and high levels of worker suicide. In attempt to fix the issue they hired a new manager to oversee the ethical treatment of workers but there’s not strong evidence that it’s effective. Gamma does not seem to fit well with Abbott’s values. Delta Suppliers is a startup supplier. They promised they have geographic flexibility and uphold the highest quality standards. In addition, their pricing is extremely low. Gamma …show more content…
The rules that apply while choosing the supplier are the rules that regulate working conditions and supplier standards. Some of the questions we have while choosing the prospective suppliers are whether they have a known track record of complying with international standards, do they provide their employees with fair working conditions and if they are the most effective supplier for the product. The resource we have is the supplier section in the capstone assignment which states each supplier’s track record on compliance with rules regarding working conditions and international supplier standards. Alpha Supply Company, Beta Manufacturers, Gamma Creation and Delta Suppliers are the four suppliers we can choose from. Our decision with regard to the supplier we choose will affect Abbot because the profitability of this initiative will depend on its cost and the reputation of the supplier also affects Abbot because they now have a professional business relationship. After a thorough analysis of the different suppliers, we have chosen Alpha Supply Company as our primary supplier because of the way they treat their employees and their commitment to ensure that they abide by international supplier standards. Although this is the most expensive alternative, we believe that it is the best option because