Question: Can you please assist with the below based on Target Corporation (Target Stores) Materials requirements: Explain the importance of having a robust standard material requirement

Can you please assist with the below based on Target Corporation (Target Stores)

  1. Materials requirements:
  1. Explain the importance of having a robust standard material requirement planning program.:
  2. Provide examples that support the following elements: (1) forecasts of demand, (2) firm orders, (3) engineering design changes, and (4) inventory transactions.
  1. Location, Logistics and Distribution
    1. Detail out a location, logistics, and distribution plan with areas of identified risk.
    2. Provide mitigation associations with each identified risk.
  2. Quality Management and Six Sigma
    1. Provide examples of each dimension of quality.
    2. Describe how the concepts of Six Sigma could be applied.
    3. Explain how the analytical tools for Six Sigma and continuous improvement (DMAIC) could be applied to optimize the supply chain.
  3. Lean Supply Chains
    1. Explain how a value stream map would be useful.
    2. Provide an example of a value stream map.
    3. Link the value stream map to an effective logistics and distribution process for the supply chain.
  4. Inventory Management
    1. Explain how the concepts of inventory costs apply and how these costs can be minimized.
    2. Explain how the forecasting model you selected earlier will help improve inventory management and cost management.
  5. Global Sourcing and Procurement
    1. How might a bullwhip effect occur, and what steps would you take to mitigate any bullwhip effect?
    2. Are there any opportunities for green sourcing? Identify those opportunities and link this to overall cost
  6. Conclusion
    1. What value did walking through the supply chain process for your selected product or service provide you?
    2. How will you apply the concepts you wrote about in your professional or personal life?

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