Physical Distribution
Inventory Storage
Purchasing
Purchasing
100
Frequently used to transport oil and natural gas
What is a pipline
100
Holding of goods until they aare sold
What is Storage
100
Purchase goods for business purposes, usually in much larger quantities than purchased by the average consumer
What is an organizational buyer
100
The amount of money a retailer has left for buying goods after considering all purchases received, on order, and in transit
What is the open-to-buy (OTB)
200
High-value, low-weight, time-critical items, such as overnight mail are shipped by air
What is Air Cargo Services
200
A storage facility designed to meet specific needs of its owner
What is a private warehouse
200
The budget that estimates planned purchases for a six-month period
What is a six-month merchandise plan
200
The buying process for all branches in a chain store operation is usually done in a central location such as the company headquarters
What is centralized buying
300
Private companies that combine less-than-=carload or less-than-truckload shipments from several businesses and deliver them to their destinations
What is a freight forwarder
300
A storage and handling facility offered to any individual or company that will pay for its use
What is a public warehouse
300
Buyers are authorized to make special purchases for their individual stors
What is decentralized buying
300
Goods are paid for only after the final customer purchases them
What is consignment buying
400
Specialize in delivering small, lightweight packages, envelopes, and high-priority mail usually weighing less than 150 pounds
What are express delivery services
400
A warehouse designed to speed delivery of goods and to minimize storage costs
What is a distribution center
400
A supplier agrees to take back any unsold goods by a certain pre-established date
What is memorandum buying
400
Companies post what they want to buy, and suppliers bid for the contracts
What is a reverse auction
500
The primary sources for shipping small packages by parcel post or first-class mail
What is the U.S. Postal Service
500
A public or private warehouse that stores product that requires payment of a federal tax
What is a bonded warehouse
500
Codes that save the retailer time because individual items do not have to be marked with a price
What is a universal product code (UPC)
500
The buyer has some experience buying the good or service but some aspect of the purchase changes
What is a modified rebuy
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