Target Corporation Case Study
| | The Implementation of Real Time Pricing at Target Corporation
Chervonda Cowart
Managerial Applications of Information Technology –MIS535 Keller Graduate School of Management
July 13, 2013
Subject of Course Project
I propose the implementation of centralized real time pricing through the use of cloud technology at Target Corporations that would solve several company objectives relating to efficiency in resource allocation as well as cost savings in payroll.
Business Problem Statement
Since 2008 Target Corporation has been implementing solutions to cut expenses without losing the integrity of the “Target Brand” (https://corporate.target.com/about/history/Target-through-the-years ). While testing the solutions each year expectations increase to improve sales per individual store. Implementing correct price changes daily is a multi-billion dollar problem for corporations (Stross, R., 2013). The recession of 2008 unveiled the need to do more with less and refocused Target’s efforts on decreasing one of their highest expenses, payroll. I …show more content…
currently hold the position of Executive Lead of Human Resources at Target Corporations. One of my responsibilities as an Executive Lead is to identify cost saving possibilities. Target’s Retail stores allocates on average150 to 300 hours of payroll a week setting up, taking down and auditing the sales circular in the store. Not only does this calculation involve store level associates, it includes 20 to 30 hours of Executive payroll to monitor and ensure price accuracy, and guest satisfaction. Name of the company or organization
Target Corporation Headquarters Human Resources Department
Brief description of proposed solution
My proposal to implement the use of cloud technology will decrease payroll, while improving the integrity of the business, and help with the company initiative to go green.
The project will be outsourced one preliminary company suggest that their technology will “decrease the organizations time, money expense and other valuable resources” (www.Altierre.com). General benefits it will provide the organization
At Target over the last 9 years the company has invested more on developing concepts that allows the employee more time to dedicate to the guests. Digital price labeling will help to do just that, place more team members on the sales floor during business hours to complete the ultimate shopping experience.
Audience to whom you are presenting the
recommendation(s)
I will target the audience of Region 300 of the Target Corporation. My objective will be to seek approval and advice on how to present the findings of my research to the Executive Vice Presidents during a head quarter visit of the highest volume store in Atlanta, Ga.
Works Cited
Stross, R. (2013, 09 February). Digital tags help ensure the price is right. Retrieved from http://www.altierre.com/Articles/NYTimes_Digital_Tags_2_10_12.pdf
Target through the years. (2013). Retrieved July 8, 2013, from https://corporate.target.com/about/history/Target-through-the-years
WWW.altierre.com Retrieved July 8, 2013
Chervonda Cowart
Managerial Applications of Information Technology –MIS535 Keller Graduate School of Management
July 13, 2013
Subject of Course Project
I propose the implementation of centralized real time pricing through the use of cloud technology at Target Corporations that would solve several company objectives relating to efficiency in resource allocation as well as cost savings in payroll.
Business Problem Statement
Since 2008 Target Corporation has been implementing solutions to cut expenses without losing the integrity of the “Target Brand” (https://corporate.target.com/about/history/Target-through-the-years ). While testing the solutions each year expectations increase to improve sales per individual store. Implementing correct price changes daily is a multi-billion dollar problem for corporations (Stross, R., 2013). The recession of 2008 unveiled the need to do more with less and refocused Target’s efforts on decreasing one of their highest expenses, payroll. I …show more content…
currently hold the position of Executive Lead of Human Resources at Target Corporations. One of my responsibilities as an Executive Lead is to identify cost saving possibilities. Target’s Retail stores allocates on average150 to 300 hours of payroll a week setting up, taking down and auditing the sales circular in the store. Not only does this calculation involve store level associates, it includes 20 to 30 hours of Executive payroll to monitor and ensure price accuracy, and guest satisfaction. Name of the company or organization
Target Corporation Headquarters Human Resources Department
Brief description of proposed solution
My proposal to implement the use of cloud technology will decrease payroll, while improving the integrity of the business, and help with the company initiative to go green.
The project will be outsourced one preliminary company suggest that their technology will “decrease the organizations time, money expense and other valuable resources” (www.Altierre.com). General benefits it will provide the organization
At Target over the last 9 years the company has invested more on developing concepts that allows the employee more time to dedicate to the guests. Digital price labeling will help to do just that, place more team members on the sales floor during business hours to complete the ultimate shopping experience.
Audience to whom you are presenting the
recommendation(s)
I will target the audience of Region 300 of the Target Corporation. My objective will be to seek approval and advice on how to present the findings of my research to the Executive Vice Presidents during a head quarter visit of the highest volume store in Atlanta, Ga.
Works Cited
Stross, R. (2013, 09 February). Digital tags help ensure the price is right. Retrieved from http://www.altierre.com/Articles/NYTimes_Digital_Tags_2_10_12.pdf
Target through the years. (2013). Retrieved July 8, 2013, from https://corporate.target.com/about/history/Target-through-the-years
WWW.altierre.com Retrieved July 8, 2013