Term
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Definition
| the transporting, storing and handling of goods in ways that match target customers' needs with a firm's marketing mix - both within individual firms and along a channel of distribution |
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Term
| Physical Distribution (PD) |
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Definition
| another common name for logistics |
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Term
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Definition
| how rapidly and dependably a firm can deliver what they, the customers, want |
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Term
| Physical Distribution (PD) Concept |
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Definition
| 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 |
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Term
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Definition
| involves evaluating each possible PD system and identifying all of the costs of each alternative |
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Term
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Definition
| the complete set of firms and facilities and logistics activities that are involved in procuring materials, transforming them into intermediate or finished products, and 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 quanitity and 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 flatbead trailer carrying containers - on railcars to provide both speed and flexibility |
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Term
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Definition
| the marketing function of holding goods so they're available where they're needed |
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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 and avoid unneccessary storing costs |
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