Wednesday, February 18, 2009

Business to Business purchasing guidelines

Nordstrom is a higher end department store based out of Seattle. This is a very interesting company when it comes to the manner in which they perform their business purchasing. The company has four tiers to it's corporate social responsibility guidelines: Supporting Communities, Sustaining the Environment, Protecting Human Rights, and Caring for Our People. The first three of these tiers have a huge impact on how they conduct their business and their purchasing. Their Human Rights guidelines go above and beyond the international labor laws in some ways. For example, when sourcing their materials, garments, and fabrics from foreign countries, Nordstrom investigates the factories they are purchasing from, and even if child labor is legal in the country of origin, Nordstrom will not work with that factory. If they do not agree with the wages or hours the employees receive, they will not work with that factory.
These types of requirements help set Nordstrom apart in product and supplier selection, and it diversifies their customer base as well. As social responsibility comes to the forefront of more and more people's minds, companies that have these kinds of policies will receive the business and revenue from those that care.

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