Unit 7

4 P's

100

(place for your inventory)

warehousing or logistics

200

days sales of inventory 

(DSI)

300

What Is Inventory Management? Key words Store/Sales (ing) in a company

storing, selling and ordering

400

Pipeline—Advantages: (Key Words: Damage, Stop crime/Gas/ Cost-effective liquids)

Advantages: 

cost-effective for liquids 

gases

lower environmental impact

reduced risk of theft

500

Advantages/Disadvantages of five relative to types of products for rail?

Rail—Air-TRUCK-Ship-Pipeline

 

Marketing

100

marketing functions: (ad) (Study People Buying)

advertisements

studying customer preferences 

reach potential buyers

200

1.) materials requirement planning 

2.) economic order quantity 

1.) (MRP)

2.) (EOQ)

300

product stock: (sale items in what?)

the amount of goods 

items a store/company has available to sell at a period of time

400

Ship—Disadvantages: (Key Words) 

bus, accessibility cold hot, broke vase and torn shoes (sweater with a hole)

Disadvantages:

slow transit times

limited accessibility

vulnerability to weather conditions

higher risk of damage 

loss for fragile goods

500

Rail-Advantages: Bus/Ships- Sams Costco

transporting large volumes

bulky goods

Ship/Rail

100

placement strategy - (Key words place- goods)

locations 

product or service

200

purchasing situations

(Key Words Buying) 

1. how to purchase

2. how much to spend

300

Pipeline—Disadvantages:  Key Word: Area, invest, flexible

Pipeline—Disadvantages: 

lack of flexibility

high investment 

limited geographical coverage

400

Ship—Advantages Key Words: biggest volumes, Oversea is called what?   What is gas called? A large amount of boat is called what?

cost-effective for large volumes

suitable for international trade

reduced fuel consumption, 

handling cargo types;  

500

Rail Disadvantages: key word:

Short Access, Bus, Flex, Old Clothes Stealing

limited accessibility, 

slower transit times, 

lack of flexibility in delivery schedules, 

increased risk of damage 

theft

Inventory

100

4 Ps of Marketing: What They Are & How to Use Them Successfully

Product, price, place, and promotion

200

just-in-time management 

JIT

300

inventory: in store for (individual/company)

goods

supplies

resources

400

Truck-Disadvantages storm/rain

gas/oil

Disadvantages:

weather conditions

higher fuel  

higher costs for long distances 

limited carrying capacity 

500

 Air—Advantages:  fast mail, global, stealing

fast delivery, global reach, or theft;

Management/Advantages

100

 4 major inventory management method

• just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI).

200

Four major inventory management methods 

 (JIT),  (MRP), (EOQ), and (DSI).

300

Pipeline—Advantages: (Key Words: Damage, Stop crime/Gas/ Cost-effective liquids)

Advantages: 

cost-effective for liquids 

gases

lower environmental impact

reduced risk of theft

damage

400

Truck—Advantages:  clock, bus, metro, flex, food items

high flexibility, faster transit times, ability to handle diverse goods, real-time tracking;

500

Air- Disadvantages   $2000 Head Cap

Fire in California, Building with planes

Disadvantages: high cost

limited capacity

environmental concerns

airport infrastructure