Target Corporations Supply Chain Management - 1456 Words

Target Corporation Supply Chain Assignment Target’s Supply Chain Unit 2 Assignment GB570 Managing the Value Chain Dr. Rita Gunzelman Kaplan University December 12, 2011 Target’s Supply Chain The purpose of this paper is to show evidence of cohesive knowledge of the supply chain and how it works by the exploration of Target Corporation’s supply chain. Target, one of the nations largest retail chains, first opened in 1962 in Minnesota as key leadership were looking for new ways to move from a family-run (The Dayton Family) department store to a mass market national chain strengthening customer relationships by appealing to value-oriented shoppers in quest of a higher-quality experience. Today, Target operates approximately 1750†¦show more content†¦As a result, Target will keep goods moving on the cheapest forms of transportation whether via all-water, railroad, or transload methods for as long as possible to minimize exposure to high-fuel expenses (Target, 2011; Tirschwell, 2008). Inventory Management Target has developed and caters to the needs of each individual store through their sophisticated technology and Online IT systems. In-stock improvements are supported for efficiency, speed, and profitability with excellent tracking and communication systems (Target, 2011). Processing Target focuses on continued improvements of their customer’s product life-cycle starting at set-up to the delivery of the product by managing process improvements, organizational support, consistent measurement, and technology updates. This global focus helps the Distribution Centers maintain the grounds, equipment and systems, and buildings as well as as providing the leadership and facility operations processes it requires. Transportation To ensure Target meets the needs of their guests effectively and cost efficiently, they manage their overall supply chain to provide the fastest and shortest routes and create a team that has a direct and vital connection between internal purchasing, distribution centers andShow MoreRelatedTarget Chain Of Target Supply Chain1124 Words   |  5 PagesTarget’s Supply Chain This papers purpose is to give an example of the benefits and how the supply chain works by taking a look at the Target Corporation’s supply chain. Target is one of the largest retail chains in the US; they first opened in 1962 in the state of Minnesota. It started out as a family- run (The Dayton Family) department store. After company growth the family started looking for ways to expand. Today Target total sales ad diluted earnings per share reached new highs of $72.0 billionRead MoreTarget Chain Of Target Supply Chain1498 Words   |  6 PagesTarget’s Supply Chain Target Corporation is the fourth largest retailer in the United States. The company operates 1,556 stores in 47 states. The company has three main retail divisions: Target Stores, Mervyn’s and Marshall Fields. Target Stores is the number two discount retailer in the country, trailing only Wal-Mart Stores, Inc. they have distinguished itself from its competitors by offering upscale, fashion-conscious products at affordable prices (Funding Universe, n.d.). Targets supply chain activesRead MoreTargets Supply Chain Essay1471 Words   |  6 Pagest Target’s Supply Chain Unit 2 Assignment John S. Gumbs Jr. GB570 Managing the Value Chain Professor: Priscilla G. 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