Where am I?
•_____ refers to the activities involved in getting a good or service to the end user.
•Place
•A ______ is the path that goods take through the supply chain.
•A channel of distribution
•A _____ consists of the businesses, people, and activities involved in turning raw materials into products and delivering them to end users.
•A supply chain
•______ is the physical movement of products through the channel of distribution.
•Transportation
•_______ is an independent company that provides support services, such as warehousing, shipping, insuring, and billing, on behalf of another business.
•An export management company
______ are businesses that create goods or services.
Producers
•______ are the organizations that help move products from their origination to the consumer.
•Channel members
•A supply chain is more effective when channel members form _______ relationships, meaning all members share the same goal.
•affinity partner
•_______ is coordinating the events happening throughout the supply chain.
•Supply chain management
•_______ is when freight, stored in a standardized shipping container, is distributed using two or more modes of transportation to reach its final destination.
•Intermodal transportation
•A ______ is a business that buys products from wholesalers or directly from producers and sells them to consumers to make a profit.
•A retailer
•A ______ is a middleman between the producer and a person or an organization in the B2B supply chain.
•A wholesaler
•An ______ is a business in the supply chain between the manufacturer or producer and the end users.
•An intermediary
•_______ is the second-most used mode of transportation in the United States.
•Rail transportation
•A _______ is a line of connected pipes that carry liquids and gases over a long distance.
•A pipeline
______ involves responsibilities associated with the transfer of ownership of products from the producer to the end user.
Physical distribution
•_______ occurs when a producer sells products directly to end users in addition to maintaining its other channels of distribution.
•Channel conflict
•______ is the process of separating a large quantity of goods into smaller quantities for resale.
•Bulk-breaking
•_______ is the most expensive method of transporting products.
•Air transportation
•Before distributing products to foreign markets, many issues must be addressed. name 2
•Does the company or product appeal to the foreign markets that are being considered?
•Are there any cultural or other issues that would influence consumer acceptance of the products?
•What are the logistics of getting the product to the foreign market?
•Does the foreign market have the necessary technology to make conducting business seamless?
•Does the exchange value make the product profitable to export?
•Are there labor issues in the foreign country that should be investigated?
•Producers create three basic types of products:
•Natural resources
•Agricultural products
•Finished goods
What are the 5 types of distribution channels?
•A direct channel is the path of selling goods or services directly from a producer or manufacturer to end users without using intermediaries.
•An indirect channel is the path that uses intermediaries to get a product from the producer or manufacturer to the consumer.
•The retailer channel is the path a product takes from the producer to the retailer, then from the retailer to the consumer.
•The wholesaler channel is the path a product takes from the producer to a wholesaler, and then to a retailer before reaching the end user.
•The agent/broker channel is the path in which the producer hires an agent to sell a product to the wholesaler.
•An intermediary serves three functions:
•Transactional function – sales and marketing activities for the business
•Logistics function – physically moving products from the manufacturers to distributors, retailers, or end users
•Facilitating function – final part of the supply chain
•4 Benefits of effective supply chain management:
•Streamlined inventories
•Lower operating costs
•Timely product availability
•Increased customer satisfaction
•Ships can be modified for the type of cargo they carry. 3 main types
•Tankers are ships designed specifically for transporting petroleum oil.
•Barges are large holding vessels that are towed or pushed.
•Container ships are ships designed to hold large metal shipping containers for cargo shipped long distances.