Group Members: 1. Mohammed Shafiul Alam- A00102214 2. Pooja-A00106179 3. Komal-A00105655 4. Medha-A00101902 5. Mohit-A00106161 Project Name: COVID19: Secure SCM As our project requirements we choose Walmart to assist it in the proper supply chain at the time of crisis the clarification of some points and as well as for some examples. In this project we are basically targeting the supply chain and our team members will be helping the team to maintain a proper inventory, supplies and help consumer. Walmart’s Stakeholder Groups Walmart’s stakeholders can be grouped based on their shared interests. These stakeholder groups also have different levels of priority, based on the company’s beliefs and policies. The following are the main stakeholder groups considered in Walmart’s corporate social responsibility strategy, arranged according to the company’s priorities: 1. Investors 2. Customers 3. Employees 4. Suppliers The investors are the stakeholder group with Walmart’s highest priority, while the suppliers have the lowest priority. Nonetheless, all of these stakeholder groups are considered in the company’s decision-making process. Walmart’s prioritization
of its stakeholders is similar to those of many businesses, with investors usually getting the top priority. So while targeting the supply chain we have to keep all the stakeholders in mind. So that customers don’t have to go through high prices, black marketing, starvation due to unavailability of the products at the Walmart. So we will be focusing on the delivery, supplies of every required product on the store at proper intervals of time in this project. Investors: Stakeholders with Walmart’s Top Priority Investors are mainly interested in profits. They want Walmart to have more profits, which translate to higher dividends or earnings per share. In relation, investors are also interested in minimizing the operational costs of the company. Lower costs usually lead to higher profits, which are beneficial for Walmart’s investors. Walmart prioritizes investors in its strategies. This is one of the reasons why Walmart continues to minimize costs, such as through the minimization of wages. Theory suggests that the primary objective of business is to generate profits. Otherwise, there would be no business at all. Thus, in prioritizing investors as the primary stakeholders, Walmart simply fulfills this theoretical primary objective of its business. Customers: Walmart’s Second Priority Customers are generally included as a stakeholder group in business. In Walmart’s case, customers are interested in low prices or the affordability of goods, as long as these goods have acceptable quality. This is especially true among American consumers, who tend to gravitate toward retailers that offer low prices, such as Walmart.