Order Processing: Importance, Functions, Elements
What is Order Processing? Order processing is the term used to identify the collective tasks associated with fulfilling an order…
What is Order Processing? Order processing is the term used to identify the collective tasks associated with fulfilling an order…
What is Transportation? Transportation refers to the movement of goods from one location to another. In other words, raw materials…
What is Material Handling? Material handling is a very basic and internal component of any physical distribution system for the…
What is Warehousing? A warehouse is a place. Here, surplus goods can be kept safely for future use. Modern warehouses…
Meaning of Inventory Management Inventory management refers to efficient control over the stock of goods stored in the warehouse for…
What is Physical Distribution? Physical distribution management is to administer economic activities that impact the flow of finished goods between…
What is Channel Information System? Channel Information System is the orderly flow of pertinent operational data both internally and between…
What is Channel Conflict? A channel conflict may be defined as “A situation in which one channel member perceives another…
What is Channel Control? Channel Control is the ability of the manufacturer to influence the behavior of channel intermediaries. It…
What is Franchise? A franchise is a business system in which private entrepreneurs purchase the rights to open and run…