Distribution Channels and Strategies
Rack Jobs
Intermediaries sell products (e.g., chips) to grocery stores.
They handle delivery, shelf stocking, and display maintenance.
Cash and Carry Wholesalers
Wholesalers like Smart and Final or Costco sell directly to the public.
No delivery contracts; customers pick up purchases.
Businesses might buy from them if it's cheaper than distributors.
Drop Shippers
Intermediaries between manufacturers and online customers.
Manufacturers ship in bulk to drop shippers.
Drop shippers fulfill individual orders.
Agents vs. Brokers
Agent: Represents a single company, with a legal obligation to act in its best interest.
Broker: Represents multiple companies, obligated to serve the interests of the group.
Distribution Strategies
Intensive Distribution: Placing products in as many locations as possible (suitable for moderate price/quality).
Selective Distribution: Limiting distribution to specific outlets (e.g., Nike's running shoes in specialty stores).
Exclusive Distribution: Using only a few retailers in specific areas (e.g., Ferrari dealerships).
Non-Store Retailing
Electronic Retailing: Online websites.
Social Commerce: C2C sales, like Facebook Marketplace.
Telemarketing.
Kiosks and Vending Machines: Offering diverse products, including movies (Redbox) and freshly made pizza.
Multilevel Marketing (MLM)
Company recruits sales representatives who earn from direct sales and recruitment.
Legitimate but often unprofitable for sales reps; most lose money or earn very little.
Difference from illegal pyramid schemes lies in the source of revenue: product sales vs. recruitment fees.
Channels of Distribution
Overall: Intermediaries from manufacturer to retailer to consumer.
Corporate: Company owns all parts of the distribution system (e.g., Nike stores).
Contractual: Franchises with contracts (e.g., Ford dealerships).
Administered: Independent entities with looser contracts (e.g., Oreos selling to Albertsons).
Supply Chains
Encompass all activities from raw materials to the final consumer.
Channels of distribution are part of the supply chain.
Logistics
Managing the flow of goods from origin to destination.
Inbound Logistics: Getting materials needed for manufacturing.
Outbound Logistics: Distributing finished goods.
Materials Handling: Managing potentially hazardous materials.
Third-Party Logistics (3PL): Outsourcing logistics to specialized companies (e.g., JCPL).
Specialties Within Logistics
Freight Forwarders: Consolidate smaller shipments into full container loads.
Intermodal Shipping: Using multiple modes of transportation (truck, ship, plane, train).
Storage Warehouses: Controlling conditions like humidity, temperature, and atmospheric composition to prolong product life.
Careers
Logistics and Supply Chain Management: High-paying due to complexity.
Retail Management: Varies in pay; Walmart GMs earn significantly more than Starbucks managers.
E-commerce Management: Online version of retail management.
Distribution Reps: Sales roles, ranging from retail to large contracts.
Academics
Community Colleges: Retail management degrees, logistics programs near major ports/hubs.
Bachelor's and Beyond: Specialized degrees in logistics, supply chain management, and warehouse operations.