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Distribution&Logisti
Distribution and Logistics
| Term | Definition |
|---|---|
| Agent | A Business unit that negotiates purchases, sales, or both but does not take title to the goods in which it deals |
| Channel Of Distribution | An organized network (system) of agencies and institutions which, in combination, perform all the functions required to link producers with end customers to accomplish the marketing task |
| Distribution Center | A facility for the receipt, storage, and redistribution of goods to company stores or to customers |
| E-Marketplace | An internet location owned by a company or consortium which allows other companies or individuals to get new suppliers or buyers for their products as well as develop trading networks which makes negotiating, settlement & delivery easier & more efficient |
| Exclusive Distribution | A form of market coverage in which a product is distributed through one particular wholesaler or retailer in a given market area |
| Indirect Distribution | A channel whereby goods and services are sold indirectly from producer through independent middleman to final users |
| Intensive Distribution | A form of market coverage in which a product is distributed through all available wholesalers or retailers who stock and sell the product in a given market area |
| Inventory | Goods or merchandise available for resale |
| Inventory Turnover | The number of times average inventory is sold during a specified time period (usually one year) |
| Physical Distribution | A concept or approach to managing the finished goods inventory of the firm |
| Rack Jobbers | A wholesale middleman operating principally in the food trade, supplying certain classes of merchandise that do not fit into the regular routine of food store merchandise resource contacts |
| Retailers | A merchant middleman who is engaged primarily in selling to ultimate consumers |
| Selective Distribution | A form of market coverage in which a product is distributed through a limited number of wholesalers or retailers in a given market area |
| Wholesalers | A merchant establishment operated by a concern that is primarily engaged in buying, taking title to, usually storing and physically handling goods in large quantities, & reselling the goods to retailers or to industrial or business users |
| Intermediary | Are the independent groups or organizations within the channel that make the product available for consumption. There are four main types of intermediary: agents, wholesalers, distributors, and retailers. |
Created by:
mmiguel2131
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