Show:
Basic Concepts
Channels of Distribution
Physical Distribution
Purchasing
Stock and Inventory
100
Traditional retailers that sell goods to customers from physical stores, rather than over the Internet.
What is Brick-and-Mortar Retailers
100
Intermediaries who bring buyers and sellers together and do not own the goods they sell.
What is Agents
100
Type of transportation used most frequently
What is Trucking
100
Person who purchases.
What is a Buyer
100
Prepared by hand or marking guns.
What is Price Tickets
200
Retailers selling products over the Internet to the customer.
What is E-Tailing
200
Brings buyers and sellers together in order for a sale to take place.
What is a Broker
200
Involves Ton-Mile
What is Railroads
200
Buying process for all branches in a chain store operation, usually at company headquarters.
What is Centralized Buying
200
The receiver of a delivery writes the description of the merchandise, counts the quantities received, and lists them on a blank form.
What is Blind Check Method
300
Another name for physical distribution.
What is Logistics
300
Businesses involved in sales transactions that move products from the manufacturer to the final user.
What are Intermediaries.
300
Regulated by the United States Maritime Commission
What is Marine Shipping
300
Customer requests for items that are not carried in the store.
What is Want-Slips
300
The seller or manufacturer marks the price before delivering the merchandise to the retailer; the marking often uses a universal product code (UPC).
What is Source Marking
400
Seller sets an asking price and buyers outbid each other.
What is an Auction.
400
Businesses that own the goods they sell but do not physically handle the products.
What is Drop Shippers
400
Transports Oil and Gas
What is Pipelines
400
Companies post what they want, suppliers bid for contract.
What is Reverse Auction
400
The number of times the average inventory has been sold and replaced in a given period of time.
What is Inventory Turnover
500
What does SKU stand for?
What is a Stock-Keeping Unit
500
Wholesalers that mange inventory and merchandising for retailers by counting stock, filling it in when needed, and maintaining store displays.
What is Rack Jobbers
500
Transports high-value, low-weight, time-critical items.
What is Air Cargo Services
500
Purchase is made for the first time.
What is New-Task Purchase
500
An inventory system that controls the flow of parts and materials into assembly and manufacturing plants.
What is Just-in-Time Inventory