Quizlet Chapter 12 - Marketing

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  1. Distribution center: a special kind of warehouse designed to speed the flow of goods and avoid unnecessary storing costs
  2. EDI: an approach that puts information in a standardized format easily shared between different computer systems
  3. Just in time delivery: reliably getting products there just before the customer needs them
  4. physical distribution concept: all transporting storing, and product-handling activities of a business and a whole channel system should be coordinated as one system that seeks to minimize the cost of distribution for a given customer service level
  5. Private warehouses: storing facilities owned or leased by companies for their own use
  6. Public warehouses: independent storing facilities
  7. Total cost approach: involves evaluating each possible PD system and identifying all of the costs of each alternative