Distribution Management

Cards (110)

  • Online shopping has become very convenient for customers to buy products without leaving the social media website.
  • Distribution Management is the process of getting the right product to the right place in the right quantity with the right quality at the best possible price in order to present it to customers where they want when they want it.
  • A supply chain is the system through which an organization acquires raw material, produces products, and delivers the products and services to its customers.
  • Supply Chain Management (SCM) is the strategic coordination of business activities coming from supply partners and throughout its distribution channel for the purpose of integrating supply and demand management.
  • Distribution focuses on the management of systems that will ensure the handling and delivery of products to the right customer at the right time.
  • Supply chain management is more likely to identify the most efficient supplier and delivery partner, and the product recipient.
  • SCM cover everything from production to product development to the information systems needed to direct these undertakings.
  • Supply chain management works by strategically coordinating business activities coming from supply partners and throughout its distribution channel for the purpose of integrating supply and demand management.
  • Supply chain management is important because it can minimize the cost, waste and time production cycle.
  • Analytical software tools help to dynamically allocate resources and schedule work based on the sales forecast.
  • Forecasting allows the business to optimize price dynamically.
  • Supply chain management (importance) builds the partnerships that can support future growth.
  • Supply chain management(importance)allows for more efficient and effective customer service.
  • Timely Delivery: ensures that products reach stores and customers when they are needed.
  • Supply chain helps companies make products efficiently, so they don't cost too much to produce. (Cost Saving)
  • Supply chain reduces unnecessary waste in the production and delivery process. (Less Waste)
  • Supply chain ensures that the things we need are available in stores when we want to buy them. (Availability)
  • Supply chain can lead to better quality products because of careful planning and monitoring. (Higher Quality)
  • Supply chain makes customers happy when they get what they want, when they want it. (Customer Satisfaction)
  • Supply chainhelps companies stay ahead of their competitors by being more efficient. (Competitive Advantage)
  • Supply chain allows products to be made and sold all over the world, giving us more choices. (Global Trade)
  • Supply chain can reduce the impact on the environment by using resources wisely. (Environmental IMpact)
  • Chain stores are defined as retail outlets of a larger firm that sells the same or comparable goods as other retail outlets of the same company, with a central management system as well as a standardized store layout, product offerings, and signage.
  • Staple goods have regular and stable demand with minimum fluctuation in demand, supply, and price.
  • The 2 Objectives of Merchandising are to buy and store the inventory or product that is expected or needed by the people.
    Store or buy that product that be sold is the basic philosophy of merchandising, which benefits both the customer and also the businessmen.
  • Supply chain management creates jobs in different parts of the supply chain, from production to transportation. (Job Creation)
  • Merchandise Management ensures optimum investment in each category of product without allowing for either shortage of stock that will harm sales and reduce returns, or excess of stock that may force a firm to undertake acts like discount, bargain sale that will have impact on profitability. (Significance)
  • Staple goods are necessities of life that are used everyday, such as food, clothing, stationery, cosmetics, and toiletries.
  • Multi-channel retailing refers to the retailing of products through more than one channel.
  • Merchandise Management is the process through which each retailer decides what items to carry, how much to have on hand to meet the needs of customers, where they should be displayed in the store to maximize sales, and how they should be priced to sell the best and maximize profits.
  • Internet sales channels like Amazon and eBay are those online marketplaces where products are displayed for online audiences so as to enhance their purchasing decision.
  • Department stores are characterized by their very wide product mixes, carrying many different types of merchandise, which may include hardware, clothing, and appliances.
  • In a store channel, sell their products from a physical outlet. customers can interact with the product physically.
  • Discount retailers are characterized by a focus on price as their main sales appeal.
  • Malls and shopping centers are successful because they provide customers with a wide assortment of products across many stores.
  • Supermarkets are self-service shops offering a wide variety of food, beverages and household products, organized into sections, and are larger and have a wider selection than earlier grocery stores, but are smaller and more limited in the range of merchandise than a hypermarket or big-box market.
  • Traditional stores are usually large, self-service operations with long hours, free parking, and relatively simple fixtures.
  • Fashion goods may be for seasons or years, and the retailer has to stocks the product until the fashion lasts.
  • Merchandise assortments are generally broad and include both hard and soft goods, but assortments are typically limited to the most popular items, colors, and sizes.
  • Seasonal goods are demand in particular seasons, such as umbrellas in monsoon, sweaters in winter, and cool goggles in summer.