Lamb, Hair, McDaniel MKTG2007-2008 12 CHAPTER Designed by Amy McGuire, B-books, Ltd. Chapter 12 Marketing Channels and Supply Chain Management Prepared by Deborah Baker, Texas Christian University Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 1 Learning Outcomes LO1 Explain what a marketing channel is and why intermediaries are needed LO2 Define the types of channel intermediaries and describe their functions and activities LO3 Describe the channel structures for consumer and business products and discuss alternative channel arrangements Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 2 Learning Outcomes LO4 Define supply chain management and discuss its benefits LO5 Discuss the issues that influence channel strategy LO6 Explain channel leadership, conflict, and partnering LO7 Describe the logistical components of the supply chain Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 3 Learning Outcomes LO8 Discuss new technology and emerging trends in supply chain management LO9 Discuss channels and distribution decisions in global markets Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 4 LO1 Marketing Channels Explain what a marketing channel is and why intermediaries are needed Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 5 Marketing Channels Marketing Channels A set of interdependent organizations that ease the transfer of ownership as products move from producer to business user or consumer. LO1 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 6 Marketing Channels Supply Chain The connected chain of all the business entities, both internal and external to the company, that perform or support the logistics function. LO1 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 7 Marketing Channel Functions Specialization and division of labor Overcoming discrepancies Providing contact efficiency LO1 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 8 Specialization and Division of Labor Creates greater efficiency Provides lower costs Achieves economies of scale Aids producers who lack resources to market directly Builds good relationships with customers LO1 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 9 Overcoming Discrepancies Discrepancy of Quantity The difference between the amount of product produced and the amount an end user wants to buy. Discrepancy of Assortment The lack of all the items a customer needs to receive full satisfaction from a product or products. LO1 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 10 Overcoming Discrepancies Temporal Discrepancy A situation that occurs when a product is produced but a customer is not ready to buy it. Spatial Discrepancy The difference between the location of a producer and the location of widely scattered markets. LO1 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 11 Providing Contact Efficiency LO1 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 12 LO1 REVIEW LEARNING OUTCOME Marketing Channel Marketing Channels Providing Specialization and Division of Labor Overcoming Discrepancies Providing Contact Efficiency Supply Chain Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 13 LO2 Channel Intermediaries Define the types of channel intermediaries and describe their functions and activities Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 14 Intermediaries/Middlemen A company or person that renders services related to the sale or purchase of a product as it flows from the producer to the consumer. Disintermediation - process by which traditional intermediaries are eliminated as companies question the value added by layers in the distribution channel • You can eliminate middlemen, but not the essential distribution activities they perform – Doesn’t necessarily reduce costs Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 15-15 15 Channel Intermediaries Retailer A channel intermediary that sells mainly to customers. Merchant Wholesaler An institution that buys goods from manufacturers, takes title to goods, stores them, and resells and ships them. Agents and Brokers Wholesaling intermediaries who facilitate the sale of a product by representing channel members. LO2 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 16 Channel Intermediaries Retailers Take Title to Goods Merchant Wholesalers Take Title to Goods Agents and Brokers Do NOT Take Title to Goods LO2 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 17 Factors Suggesting Type of Wholesaling Intermediary to Use Product characteristics Buyer considerations Market characteristics LO2 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 18 Factors Suggesting Type of Wholesaling Intermediary to Use Factor Merchant Wholesalers Agents/ Brokers Nature of product Standard Nonstandard, custom Technicality of product Complex Simple Product’s gross margin High Low Frequency of ordering Frequent Infrequent Time between order and receipt of shipment Shorter lead time Longer lead time Number of customers Many Few Concentration of customers Dispersed Concentrated LO2 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 19 Channel Functions Performed by Intermediaries Contacting/Promotion Transactional Functions Negotiating Risk Taking Physically distributing Logistical Functions Storing Sorting LO2 Chapter 12 11 Facilitating Functions Researching Financing Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 20 Logistics Logistics The process of strategically managing the efficient flow and storage of raw materials, in-process inventory, and finished goods from point of origin to point of consumption. LO2 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 21 LO2 REVIEW LEARNING OUTCOME Channel Intermediaries and Functions CHANNEL INTERMEDIARIES CHANNEL FUNCTIONS Perform Retailers Transactional Wholesalers Logistical Agents and Brokers Facilitating Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 22 LO3 Channel Structures Describe the channel structures for consumer and business products and discuss alternative channel arrangements Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 23 LO3 Channels for Consumer Products Direct Channel A distribution channel in which producers sell directly to consumers. Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 24 LO3 Channels for Consumer Products Direct Channel Retailer Channel Wholesaler Channel Agent/Broker Channel Producer Producer Producer Producer Agents or Brokers Consumers Chapter 12 11 Wholesalers Wholesalers Retailers Retailers Retailers Consumers Consumers Consumers Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 25 Consumer Channels 15-26 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 26 LO3 Channels for Business Products Direct Channel Direct Channel Producer Producer Agent/Broker Industrial Agent/Broker Industrial Distributor Channel Channel Producer Producer Producer Agents or Brokers Agents or Brokers Industrial Distributor Industrial Distributor Industrial User Chapter 12 11 Govt. Buyer Industrial User Industrial User Industrial User Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 27 B2B Channels 15-28 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 28 LO3 Business-to-Business Exchanges on the Internet Agents link buyers and sellers Companies drop the intermediary from the supply chain “Private exchanges” with select suppliers automate the supply chain http://www.sherwinwilliams.com Online Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 29 LO3 Alternative Channel Arrangements Multiple channels Nontraditional channels Strategic channel alliances Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 30 LO3 REVIEW LEARNING OUTCOME Channel Structures CONSUMER CHANNELS BUSINESS CHANNELS ALTERNATIVE CHANNELS Direct Direct Multiple Retail Industrial Nontraditional Wholesaler Agent/broker Agent/broker Agent/broker industrial Strategic alliances Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 31 LO4 Supply Chain Management Define supply chain management and discuss its benefits Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 32 Supply Chain Management Supply Chain The supply chain includes all the firms that engage in activities that are necessary to convert raw materials into a good or service and put it in the hands of the consumer or business customer Supply chain management is the management of flows among the LO4 Chapter 12 firms in a supply chain to maximize total profitability Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 33 Supply Chain 15-34 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 34 Role of Supply Chain Management Communicator of customer demand from point of sale to supplier Physical flow process that engineers the movement of goods LO4 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 35 Responsibilities of Supply Chain Managers Channel strategy decisions Sourcing and procurement of raw materials Production schedules Order processing Inventory management Finished goods/supplies transportation and storage Customer service coordination Supply chain information flow management LO4 Chapter 12 Partner relationships Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 36 The Supply Chain Process LO4 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 37 Benefits of Supply Chain Management Means of differentiation Reduced costs Greater supply chain flexibility Improved customer service Higher revenues LO4 Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 38 LO4 REVIEW LEARNING OUTCOME Supply Chain Management Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 39 LO5 Making Channel Strategy Decisions Discuss the issues that influence channel strategy Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 40 LO5 Chapter 12 11 Channel Strategy Decisions Factors Affecting Channel Choice Level of Distribution Intensity Market Factors Intensive Distribution Product Factors Selective Distribution Producer Factors Exclusive Distribution Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 41 LO5 Market Factors Customer profiles Consumer or Industrial Customer Market Factors That Affect Channel Choices Chapter 12 11 Size of market Geographic location Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 42 LO5 Product Factors Product Complexity Product Price Product Standardization Product Factors That Affect Channel Choices Chapter 12 11 Product Life Cycle Product Delicacy Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 43 LO5 Product Factors Producer Resources Number of Product Lines Producer Factors That Affect Channel Choices Chapter 12 11 Desire for Channel Control Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 44 LO5 Levels of Distribution Intensity Chapter 12 11 Intensive A form of distribution aimed at having a product available in every outlet Selective A form of distribution achieved by screening dealers to eliminate all but a few in any single area Exclusive A form of distribution that established one or a few dealers within a given area Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 45 LO5 Levels of Distribution Intensity Chapter 12 11 Intensity Level Objective Number of Intermediaries Intensive Achieve mass market selling. Convenience goods. Many Selective Work with selected intermediaries. Shopping and some specialty goods. Several Exclusive Work with single intermediary. Specialty goods and industrial equipment. Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved One 46 LO5 REVIEW LEARNING OUTCOME Issues Influencing Channel Strategy Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 47 LO6 Managing Channel Relationships Discuss the issues that influence channel strategy Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 48 Social Dimensions of Channels Power Control Leadership Conflict LO6 Chapter 12 11 Partnering Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 49 Channel Power, Control, and Leadership Channel Power A channel member’s capacity to control or influence the behavior of other channel members Channel Control A situation that occurs when one marketing channel member intentionally affects another member’s behavior Channel Leader A member of a marketing channel that exercises authority/power over the activities of other members LO6 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 50 Channel Conflict and Partnering Channel Conflict Channel Partnering A clash of goals and methods between distribution channel members The joint effort of all channel members to create a supply chain that serves customers and creates a competitive advantage LO6 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 51 Channel Conflict Conflicts may occur if channel members: Have conflicting goals Fail to fulfill expectations of other channel members Have ideological differences Have different perceptions of reality LO6 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 52 Channel Partnering Transaction-Based Partnership-Based Supplier / Manufacturer Relationships Short-term Adversarial Independent Price important Long-term Cooperative Dependent Value-added services Number of Suppliers Many Few Information Sharing Minimal High Investment Required Minimal High LO6 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 53 LO6 REVIEW LEARNING OUTCOME Channel Leadership, Conflict, & Partnering Channel Power, Control, Leadership Channel Partnering Channel Relationship Synergy Channel Conflict Horizontal Chapter 12 Vertical Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 54 LO7 Global Issues in Services Marketing Discuss global issues in services marketing Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 55 Logistical Components of the Supply Chain Supply Chain Team LO7 Chapter 12 11 Logistics Information System Sourcing & Procurement Production Scheduling Order Processing Inventory Control Warehouse & Materials Handling Transportation Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 56 Sourcing and Procurement The Role of Purchasing: Plan purchasing strategies Develop specifications Select suppliers Negotiate price and service levels LO7 Chapter 12 11 Reduce costs Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 57 Production Scheduling Traditional Focus Customer Focus Push / Pull Strategy Push Pull Start of Production InventoryBased Customer-Order Based Manufacturing Mass Production Mass Customization LO7 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 58 Just-in-Time Manufacturing JIT LO7 Chapter 12 11 A process that redefines and simplifies manufacturing by reducing inventory levels and delivering raw materials just when they are needed on the production line. Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 59 Benefits of JIT Reduces raw material inventories Shortens lead times Creates better supplier relationships Reduces production and storeroom costs Reduces paperwork LO7 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 60 JIT Requirements Receive high-quality parts Meet supplier delivery commitments Have a crisis management plan LO7 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 61 Order Processing Electronic Data Interchange LO7 Information technology that replaces paper documents that accompany business transactions with electronic transmission of the information. http://www.walmartstores.com Online Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 62 Order Processing Inventory Control System A method of developing and maintaining an adequate assortment of materials or products to meet a manufacturer’s or a customer’s demand. LO7 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 63 Order Processing Materials Requirement Planning (MRP) An inventory control system that manages the replenishment of raw materials, supplies, and components from the supplier to the manufacturer. Distribution Resource Planning (DRP) An inventory control system that manages the replenishment of goods from the manufacturer to the final consumer. LO7 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 64 Materials Handling Functions Receive goods into warehouse Identify, sort, and label goods Dispatch the goods to temporary storage LO7 Chapter 12 11 Recall, select, or pick the goods for shipment Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 65 Transportation Airways Water Pipelines Motor Carriers Railroads LO7 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 66 Transportation Mode Choice Cost Transit time Reliability Capability Accessibility Traceability LO7 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 67 Criteria for Ranking Modes of Transportation Lowest Highest Relative Cost Transit Time Air Truck Rail Pipe Water Water Rail Pipe Truck Air Reliability Pipe Truck Rail Air Water Capability Water Rail Truck Air Pipe Accessibility Truck 7 LO Traceability Air Rail Air Water Pipe Truck Rail Water Pipe Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 68 LO8 Trends in Supply Chain Management Discuss new technology and emerging trends in supply chain management Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 69 Trends in Supply Chain Management Advanced computer technology Outsourcing of logistics functions Electronic distribution LO8 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 70 Advanced Computer Technology Automatic identification systems - Bar coding - Radio frequency technology Communications technology Supply chain software systems LO8 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 71 Outsourcing Logistics Functions Outsourcing Benefits Reduce inventories Locate stock at fewer plants and distribution centers LO8 Chapter 12 11 Provide same or better levels of service Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 72 LO9 Channels and Distribution Decisions for Global Markets Discuss channels and distribution decisions in global markets Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 73 Channels and Distribution Decisions for Global Markets Global Channel Development Channel structure and type differ Gray marketing channels Awareness of trade legalities Global Supply Chain Management Transportation Issues LO9 Chapter 12 11 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 74 LO9 REVIEW LEARNING OUTCOME Global Market Channel & Distribution Decisions Distribute directly or through foreign partners Different channel structures than in domestic markets Illegitimate “gray” marketing channels Legal and infrastructure differences Chapter 12 Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 75 Beyond the Book Channels and Distribution Decisions for Services Chapter 12 11 Identify the special problems and opportunities associated with distribution in service organizations NOTE: Supplemental content – not in book. Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 76 Beyond the Book Channels and Distribution Decisions for Services Chapter 12 11 Minimizing wait times Managing service capacity Improving service delivery NOTE: Supplemental content – not in book. Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 77 Beyond the Book Chapter 12 11 Distribution in Service Organizations NOTE: Supplemental content – not in book. Copyright ©2008 by South-Western, a division of Thomson Learning. All rights reserved 78