Description:
Suppliers can set up a Comprehensive Markdown (MD) contract with Target that allows Target to create 1 vendor income contract for all markdowns in the established time period. Markdowns are charged under this 1 Comprehensive MD contract and can include:
Promotions/Coupons
Temporary Price Cuts (TPCs)
Circular
General Incentive
Buy Something/Get Something
Registry MDs
RedCard MDs
other enterprise wide loyalty coupons
Target also offers Circle Comprehensive contracts for discounts related to Target Circle offers. Generally, D MDs associated with Target Circle offers and will not be included in the Comprehensive D MD. Vendors will not be double charged if they have both a Comprehensive D MD contract and a Circle Comprehensive D MD Contract.
How to Dispute it:
Contract deductions are disputed through Synergy and can be submitted through SupplyPike. SupplyPike has already performed a validity assessment on contract deductions by reviewing key contract terms, including:
contract time frame
included items
set amount and/or sales calculations
If the contract deduction has been deemed to violate any of the agreed to terms, it will be flagged as likely-invalid.
To dispute the contract deductions, your dispute reason should call out specifically why the deduction is invalid. Be sure to attach proof documents to the dispute to support the reason the deduction is invalid.
Supporting Documentation:
Copy of Contract from Target Vendor Income (TVI)
Email approval from Target buyer for payback of invalid amount disputing
Additionally:
If disputing due to incorrect calculation: Attach sales data and/or calculations showing the correct contract deduction amount.
If duplicate chargeback of another contract: Attach a copy of the duplicative contract from Target Vendor Income (TVI) and included in the description the duplicative chargeback number.