Term
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Definition
| The transporting, storing, & handling of goods in ways that match target customers' needs with a firm's marketing mix-both within individual firms & along a channel of distribution (i.e., another name for physical distribution). |
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Term
| Physical Distribution (PD) |
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Definition
| The transporting, storing & handling of goods in ways that match target customers' needs with a firm's marketing mix-both within individual firms & along a channel of distribution (i.e., another name for logistics). |
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Term
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Definition
| How rapidly & dependably a firm can deliver what customers want. |
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Term
| Physical Distribution (PD) Concept |
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Definition
| All transporting, storing, & product-handling activities of a business & a whole channel system should be coordinated as one system that seeks to minimize the cost of distribution for a given customer service level. |
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Term
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Definition
| Evaluating each possible PD system & identifying all of the costs of each alternative. |
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Term
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Definition
| The complete set of firms & facilities & logistics activities that are involved in procuring materials, transforming them into intermediate & finished products, & distributing them to customers. |
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Term
| Electronic Data Interchange (EDI) |
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Definition
| An approach that puts information in a standardized format easily shared between different computer systems. |
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Term
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Definition
| The marketing function of moving goods. |
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Term
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Definition
| Grouping individual items into an economical shipping quantity & sealing them in protective containers for transit to the final destination. |
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Term
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Definition
| Loading truck trailers or flatbed trailers carrying containers on railcars to provide both speed & flexibility. |
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Term
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Definition
| The marketing function of holding goods. |
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Term
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Definition
| The amount of goods being stored. |
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Term
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Definition
| Storing facilities owned or leased by companies for their own use. |
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Term
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Definition
| Independent storing facilities. |
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Term
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Definition
| A special kind of warehouse designed to speed the flow of goods & avoid unnecessary storing costs. |
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