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Global Marketing Channels and Physical Distribution, Chapter 12, Part 4
Terms in this set (33)
Designed to efficiently receive goods from suppliers and then fill orders for individual stores or customers.
Modern distribution and warehousing is such an automated
High-tech business today that many companies outsource this function.
Proper inventory management ensures that a company neither runs out of manufacturing components or finished goods
Nor incurs the expense and risk of carrying excessive stocks of these items.
One issue for proper inventory management is balancing order-processing costs against inventory-carrying costs.
The more often a product is ordered, the higher the order-processing costs associated with unloading, stocking, and related activities.
The less frequently a product is ordered
The higher the inventroy-carrying costs, because mroe product must be kept to cover the longer period between orders.
Utilizes small tags that are attached to pallets, containers, or individual items.
Transportation decisions concern the method
Or mode a company should utilize when moving products through domestic and global channels.
The word mode as it pertains to transportation
Implies a choice and the major transportation choices are rail, truck, air, water, pipeline, and the Internet.
A particular mode may be unavailable in some countries because of
An underdeveloped infrastructure or geographic barriers.
Pipelines are highly
Specialized and used by companies transporting energy-related resources such as oil and natural gas.
Provides an extremely cost-effective means for moving large quantites of merchandise long distances.
Rail's capability is second only to water
In terms of the variety of products that can betransported.
Trains are less reliable than trucks.
Poor track maintenance leads to derailments and bottlenecks on heavily traveled lines can create delays.
An excellent mode for both long-haul transcontinental transport and local delivery of goods.
In nations with well-developed highway systems, truck freight
Combines the advantage of fast delivery times with the highest level of accessibility of any mode.
Thanks to modern information technology
Truck shipments are easily traced.
In countries with poorly developed infrastructures
truck deliveries can move much more slowly.
Inland water transportation
An extremely low-cost mode generally used to move agricultural commodities, petroleum, fertilizers, and other goods, that, by their nature, lend themselves to bulk shipping via barge.
Inland water transportation can be slow
And subject to weather-related delays.
Virtually any product can be shipped
Via ocean transportaion.
The world's deepwater ports can receive a variety of types of oceangoing vessels
Such as container vessels; bulk and break-bulk vessels; and roll on, roll off (ro-ro) vessels.
Although sailing times are not competitive with air transportation
It is generally more cost-effective to ship large quantities of merchandise via ocean than by air.
All have high reliability
Truck, air, pipeline, internet
All have low cost
Water, pipeline, internet
Cost is high
Cost is average
Moderate to fast speed
All have Slow Speed
All have fast speed
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