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Supply Chain, Logistics

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Supply Chain   show
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show The process of managing the aspects of the supply chain.  
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show An overarching system of formal and informal relationships within which the firm participates to procure, transform, and enhance, and ultimately supply its offerings in final form within a market space.  
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Value Co-creation   show
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Network Organization (Virtual organization)   show
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show Being in a position to be maximally flexible, adaptable, and speedy in response to the many key change drivers affecting business.  
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show A system of interdependent relationships among a set of organizations that facilitates the exchange process.  
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Intermediaries   show
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show Intermediaries who take title to the product during the exchange process.  
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Agent Intermediaries   show
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show A channel that has no intermediaries and operates strictly from producer to end-user consumer or business user.  
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Indirect Channel   show
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show he integrated process of moving input materials to the producer, in-process inventory through the firm, and finished goods out of the firm through the channel of distribution.  
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show A shipping method used by manufacturers to better match quantities needed in terms of the space constraints and inventory turnover requirements of their buyers.  
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Accumulating Bulk   show
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show The process of classifying products for sale through different channels.  
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show The process of accumulating products from several sources to then make those products available down the channel as a convenient assortment for consumers.  
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Reducing Transactions   show
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Transportation and Storage   show
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show Activities that help fulfill completed transactions and also maintain the viability of the channel relationships.  
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Disintermediation   show
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show Handing over one or more of its core internal functions, such as most or all of its supply chain activities, to other (third-party) companies that are experts in those areas allows the firm to better focus on its core business.  
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show Vertically aligned networks behaving and performing as a unified system.  
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Corporate VMS   show
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Vertical Integration   show
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show the binding of otherwise independent entities in the vertical marketing system legally through contractual agreements.  
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Franchise Organization   show
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Retailer Cooperative   show
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Wholesaler cooperative   show
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Administered VMS   show
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show The lead player in an administered Vertical marketing system  
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Partner Relationship Management (PRM) Strategies   show
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show Degree to which any member of a marketing channel can exercise influence over the other members of the channel. With the administered VMS, power can directly influence the relationships within the channel.  
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Channel Conflict   show
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Coercive Power   show
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Reward Power   show
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show Often, channel members adopt an approach of utilizing their unique competencies to influence others in the channel. This may take the form of sharing important product knowledge.  
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Referent Power   show
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show results from contracts such as franchise agreements or other formal agreements.  
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show The number of intermediaries involved in distributing the product.  
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show A distribution strategy designed to saturate every possible intermediary, especially retailers.  
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show Frequently purchased, relatively low-cost products that customers have little interest in seeking new information about or considering other product options.  
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show Goods whose sales rely on the consumer seeing the product, feeling an immediate want, and being able to purchase now.  
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Shopping Goods   show
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Selective Distribution   show
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show Distribution strategy built on prestige, scarcity, and premium pricing in which a producer only distributes its products to one or very few vendors.  
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Outbound Logistics   show
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Inbound Logistics   show
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Reverse Logistics   show
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show When an item is not in stock.  
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Enterprise Resource Planning (ERP) Systems   show
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JIT Just in Time inventory control system   show
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Materials requirement planning (MRP)   show
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show When a supplier creates a restrictive agreement that prohibits intermediaries that handle its product from selling competing firms’ products  
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Exclusive territory   show
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show A formal requirement by the seller of an intermediary to purchase a supplementary product to qualify to purchase the primary product the intermediary wishes to buy.  
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show Any business activity that creates value in the delivery of goods and services to consumers for their personal, nonbusiness consumption and is an essential component of the supply chain.  
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show Any action that uses electronic media to communicate with customers; facilitate the inventory, exchange, and distribution of goods and services; or facilitate payment.  
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Electronic Retailing (e-tailing or e-retailing)   show
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show uses a variety of channels in a customer’s shopping experience, including research before a purchase. Such channels include physical stores, online stores, etc  
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show Websites that bring buyers and sellers together.  
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show are, as the name suggests, websites (often gated) where customers come to engage with other customers, the sponsoring firm, and others in the ecosystem to share ideas and collaborate on topics of mutual interest.  
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Push strategy   show
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Pull strategy   show
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show Extra incentives paid to wholesalers or retailers by the manufacturer for placing a particular product into inventory.  
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show Unique products in which consumers’ purchase decision is based on a defining characteristic.  
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show Entity that assists in the performance of distribution tasks other than buying, selling, and transferring title (examples include trucking companies, warehouses, importers, etc.).  
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Created by: mkale
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