Channel Members
___________ (AKA Middle Man) is a business that works to bring producers and consumers together.
What is an intermediary?
The final business in the supply chain connecting manufacturers and the customers who buy their product.
What is a retailer?
The amount of products kept on hand by a business.
What is inventory management?
Suitable for heavy products such as coal, grain, lumber, heavy equipment, paper products, chemicals
What is train or railroad?
For most products, the cost of physical distribution accounts for about ___________ of the total amount spent for marketing.
What is 50%?
An _________________operates independent businesses that do not own the products they represent.
What is an agent?
A small retailer that offers a variety of items such as gas, snacks, soft drinks, and tobacco products.
What is a convenience store?
Inventory level is kept low and resupplied by supply chain members just as it is needed.
What is Just In Time Inventory?
The most common method of transportation in the U.S.
What is a truck?
The producer sells the product directly to the final consumer.
What is direct distribution?
buys in large quantities from manufacturers, stores the goods, and then resells them in smaller quantities.
What is wholesaler?
AutoZone or ORiley's auto parts would be an example of what type of retailer?
What is a specialty store?
A system that determines the amount of product on hand by visually counting the items.
What is a physical inventory system?
Limited products can be moved using this type of distribution. Its mostly used for petroleum products.
What is a pipeine?
This type of distribution requires the customer to purchase the product from a business other than the producer or manufacturer.
What is indirect distribution?
a wholesaler who owns the goods, but never handles these large, bulky orders. The goods are shipped directly from the producer the buyer.
What is a drop shipper?
Walgreens, Family Dollar, and Dollar General would be an example of this type of retailer.
What is a mixed-merchandise retailer?
Aan itemized billing statement with terms of payment for the order.
What is an invoice?
This type of distribution is seasonal based on freezing.
What is waterways?
Manages the flow of raw materials through the production and manufacturing process and on to the final consumer.
What is logistics?
A big-box retailer that is focused on one or a few categories of merchandise and offers a large selection of merchandise in those categories.
What is a category killer?
Costco and Sam's Club would be an example of this type of retailer.
What is a warehouse retailer?
A system that determines the amount of a product on hand by maintaining records on purchases and sales.
What is a perpetual inventory system?
This type of distribution is fast but very expensive.
What is an airplane?
This term refers to the many activities required to plan and control a product’s movement to the customer – this also includes acquiring the raw materials needed for production.
What is Supply Chain Management