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100
Own the goods they sell but do not physically handle the actual products
Drop shippers
100
trucking, marine shipping, pipelines, railroads, and air cargo services are examples of...
transportation systems/distribution systems
100
When the receiver counts and records the quantities delivered on a dummy invoice.
blind check method
100
tracks the number of items in inventory on a constant basis
perpetual inventory system
100
An Internet technology that connects applications, data, and users in real time.
real-time inventory systems
200
Limited number of outlets in a given geographic area are used to sell the product
Selective distribution
200
what is the most used transportation system?
trucking
200
the receiver checks merchandise against the original invoice
Direct check method
200
information about stock levels is not maintains on an ongoing basis
physical inventory system
200
a facility designed to meet the specific needs of its owner
private warehouse
300
transport goods for an individual business
Private carriers
300
the amount of money left for buying goods after all purchases received and on order have been considered
Open-to-buy (OTB)
300
A random check of one carton in a shipment
Spot check method
300
a unit of group related items
stockkeeping unit (SKU)
300
the movement of 2,000 pounds of freight one mile
ton-mile
400
the budget that estimates planned purchases for a 26 week period
six-month merchandise plan
400
companies post what they want to buy and suppliers bid for the contract
reverse auction
400
Done whenever the workmanship and general characteristics of the merchandise received must be examined.
Quality check
400
the number of times the average inventory has been sold and replaced in a given period of time
inventory turnover
400
the marketing function of moving a product from the place hwere it is made to the place where it is sold
transportation
500
Monitoring stock levels and investments in stock so that a business is run efficiently
Stock control
500
prices, dating terms, delivery arrangement, and discounts are..
negotiating terms
500
notification that the buyer's account has been credited for the value of the returned merchandise
credit memorandum
500
used for fashionable merchandise
model stock list
500
a marketing function that refers to the holding of goods until they are sold
storage
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