Home Depot Supply Chain Management - 1480 Words

Home Depot Supply Chain Management The History of Home Depot Growth of the Organization Home Depot (TheHomeDepot, n.d.) began as a two store operation in Atlanta, GA in 1979. The concept was the brainchild of Bernie Marcus and Arthur Blank, with inspiration from investment banker Ken Langone and well know merchandising expert Pat Farrah. They envisioned a one stop, do it yourself store that carried most of the products needed to do common home care projects. The first two Atlanta based stores were 60,000 square foot facilities that carried approximately 25,000 different Stock Keeping Units (SKUs) maintained in large, open warehouse style isles (The Home Depot, n.d., The Alfano Group, 2015). According to the Home Depots (n.d.) history bio, the volume of products available dwarfed typical hardware store inventory and variety, while empty boxes stacked on shelves above gave the illusion of carrying an even larger volume of product on a daily basis. Associates provided the best customer service industry wide, were rigorously trained on product knowledge, and conducted free â€Å"clinics† and â€Å"how to† demonstrations on common do it yourself projects such as laying tile, and power tool use and operation to name a few (TheHomeDepot, n.d.). The concept combined products, skills, and teaching venues that saved money for the do it yourself customer, as opposed to paying professional craftsman a higher price for easy to master skills and competitively priced products. Home DepotShow MoreRelatedA Report On The Home Depot Company1314 Words   |  6 Pagespaper is based on The Home Depot Company, one of the largest home improvement specialty retailers in the United States. In addition, the analysis also includes supporting feedback obtained through an interview session with the Home Depot’s Operations Manager, Jaime. Jaime has a bachelor’s degree in business administration and has been employed by the company for eleven years. He possesses the knowledge and skills that are necessary to administer the supply chain management process for the 605 W.Read MoreOffice Depot : Operations Management1252 Words   |  6 PagesOffice Depot: Operations is the Key to Success! Organizations large or small all strive to be successful through fostering a culture of great people, great processes, great products, and great results. Typically, three main functions play into an organization, marketing, operations, and financial accountability. Marketing generates the demand through the promotion of goods and services. Operations creates the goods, handles the movement of the goods, and ensures successful final delivery ofRead MoreHome Depots Operation Management1507 Words   |  7 PagesBernie Marcus and Arthur Blank, The Home Depot is a one stop shop, do-it-yourself home improvement retail store. The first two Home Depot stores opened in Atlanta, Georgia in 1979 as warehouses, each occupying a space of 60,000 square feet (The Home Depot, 2013). When it opened, The Home Depot was the largest hardware store, selling over 25,000 different products and offering various home improvement services (The Home Depot, 2013). From its inception, The Home Depot has provided the best customer serviceRead MoreLogistics And Supply Chain Management1379 Words   |  6 Pagestechnology and the consulting firms that service them, they are scrambling to hire people with Supply Chain expertise, but these experts are hard to come by. Supply Chain Management has moved from a necessary evil to a core competency at companies across industries. I am applying for admission to the Master of Logistics and Supply Chain Management because I want a career in the Supply Chain Management. In particular, I am interested in factors that affect the competitive performance of a businessRead MoreInternal Risk Assessment - Home Depot1552 Words   |  7 Pagestraded global firm, The Home Depot, Incorporated leads the world in retail building supplies and home improvement goods. According to the 2009 Form 10-K reported to the Securities and Exchange Commission (SEC), the company maintains 2,244 retail sites â€Å"Located throughout the United States including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam (â€Å"U.S.†), Canada, China and Mexico† (The Home Depot: Annual Report, 2009). The Home Depot wisely forecasts and assessesRead MoreWhat Is Operations Management?1534 Words   |  7 PagesWhat is Operations Management? Operations Management is defined as how we deal with the design and management of products, processes, services and supply chains. It considers the acquisition, development, and utilization of resources that organizations need to deliver the goods and services their clients want. All of these steps are part of the strategic, tactical and operational levels. The strategic piece includes areas such as determining the size and location of manufacturing plants, decidingRead MoreCustomer Satisfaction, Global Growth And Sales Increase1642 Words   |  7 PagesThe Home Depot is the leading retailer of home refinement, construction services and products. It is the largest store in the United States, ahead of its competitor, Lowe’s. The Home Depot has many other branches in different states around the world. They have lower prices and higher quality services and products. The Home Depot should implement more strategies in order to increase its sales and customers base. The action plan of the strategy would be proper implementation of a new structure in marketingRead MoreHome Depot - Executive Summary Essay794 Words   |  4 Pagesï » ¿Executive Summary -The Home Depot The Home Depot (Ticker: HD) is the world’s largest home-improvement retailer along with being an American Fortune 50 company. The company operates 2,259 retail building supply/home improvement â€Å"warehouse† type stores all across the United States, Canada and Mexico. The Home Depot has over 340,000 team members and is based in Atlanta, Georgia. The average store size is just over 100,000 square feet along with an additional 24,000 square feet set aside for seasonalRead MoreJ. Sainsbury Failed It System1202 Words   |  5 PagesIntroduction In 2005, British food retailer J Sainsbury had to write off $526 million it had invested in an automated supply-chain management system after having poor results. Sainsbury’s is lagging behind its rivals in its sales revenue causing them to be making a loss after a period five years. Background of the project Sainsbury as the third largest supermarket in United Kingdom is facing a big problem sustaining their business. They have applied IT into its business which eventually causedRead MoreThe Home Depot, Inc.1629 Words   |  7 PagesThe Home Depot, Inc. has climbed its way up to being one of the world’s largest home improvement centers, one of the largest retailers in the United States, and rank in the top 100 in the Fortune 500 companies list provided by fortune.com. (Fortune 500, 2016) They operate 478 warehouse stores that sell thousands of items to customers and professionals. They have retail stores located throughout the United States, with stores in all 50 states, as well as in Mexico, Chile, and Canada. Their goal is