Target gets tough with vendors to speed up supply chain

© Lynn Watson

After a difficult period for its supply chain, Target is no longer messing about. The retail chain is to crack down on all suppliers – tightening delivery deadlines and imposing significant fines for delays and inaccuracies. The changes will become effective from May 30, and follow the company’s announcement that it will invest more than $5bn in supply chain and tech infrastructure by 2017. The changes mean the retailer is likely to hold less inventory, as goods will be moving faster.