Term
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Definition
| the transporting, storing, and handling of goods in wats 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
| concept saying that 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
| In selecting a PD system, this 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 aand facilities and logistics activities that are involved in procuring materials, tranforming 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 formt 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 and sealing them in protective containers for transit to the final destination. |
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Term
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Definition
| the marketing function of holding goods so they're available when 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 that can provide all the services that a company's own warehouse can provide |
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Term
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Definition
| a special kind of warehouse designed to speed the flow of goods and avoid unnecessary storing costs |
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