Target Corporation

User Generated

Enznqv101

Business Finance

Description

Hello there,

Company: Target Corporation

I need a 3 slide for my Management operation class with speaking notes.

1- Description of materials/warehousing/inventory management processes

2- State what the problem/effects/affects is or are and give Resolution

3-Recommendations

I attached a word document with Q/A you could use if it's helpful

thanks


Unformatted Attachment Preview

1. How does Target get their supplies to the store? They have a truck deliver supplies and product every day of the week unless it is a rural store which may only receive a truck 5 times a week. 2. How do you figure out how many people you need to complete the work you get from the trucks? There is a formula from Target that has guidelines for about how many people are required depending how many packages are getting delivered on the truck. 3. How does Target plan and control their daily operation? They plan their day out by having certain people work in certain areas and work together to put merchandise on the sales floor. 4. What are the common operation management practices? Making the schedule once a week, checking in with assigned area to see how work is getting done, dealing with any frustrated or questions from customers. 5. How does Target’s operation management try to achieve competitive advantages? By adapting to situations and trying new management strategies that attempt to be more efficient than previous attempts. 6. What are the manufacturing or service processes they used? Target is still working on shipping merchandise from stores to homes of customers in under one day. 7. What processes of their purchasing? How they connect those steps in purchasing? Purchases are mostly done at a high executive level so that not your average employee can make purchases without authority. 8. What are the main strategies they used in keep the quality of the goods and management? They use first in first out or FIFO to get products rotated so that nothing expires. This ensures quality and best product available. 9. How they arrange their workers in the inventory management processes? Target hires an outside company to inventory once a year as other employees just watch and help if they have any questions. 10. How about the service? Target puts customers first and are the most important. There should always be people asking if someone needs help or needs to be checked out. Customer service comes first before stocking the shelves.
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Explanation & Answer

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Target Corporation
Student’s name
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Date

Materials and management processes


Understocking is one of challenges that has been facing Target Corporation in the
recent past.



To overcome the challenge, the management has adopted a number of processes and
materials to streamline the store operations (Richards, 2017).



One of the method that has been adopted includes re-sizing and shrinki...


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