What is a supply chain?
The supply chain is the relationship between retailers, distributors, transporters and suppliers. A supply chain as the network supplies a specific material to the customer (Borgström, 2012). All these components help the production, delivery and the sale of a products and services that are available to the consumers. There are three key components that make up the supply chain. They are supply, manufacturing and distribution (Wise Geeks, 2012). Supply main focuses are on the raw materials that are supplied to the manufacturing which include when, how and from which destination the materials are traveling from. During the manufacturing steps this is when the raw materials are converted into the final outputs and the distribution make sure the finish products arrive to the organization’s shelves for the consumers.
Target’s supply chain is the cost leadership over their competitions. The organization sells good quality products for a less price which would be easier for their customers to purchase. According to Porter value chain there are five elements that make up a supply chain. They are * Inbound logistics- Target should make sure the supplies are scheduled for delivery in a timely manner. And the products are good quality (Riley, 2012). * Operations-
References: Atkinson, W., (2010), The role of quality in supply chain efficiency, Cygnus Business Media. Borgström, B., (2012), Exploring efficiency and effectiveness in the supply chain, a conceptual analysis, Jönköping International Business School, Sweden Labs, W., (2010), Supply chain efficiency starts at the top Peters, K., (2002), Target installs a web-based transportation logistics system, Vertical web media Riley, J., (2012), Value chain analysis, Tutor2u www.target.com, (2012)