McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. LEARNING OBJECTIVES (LO) AFTER READING CHAPTER 12, YOU SHOULD BE ABLE TO: LO1 LO2 Explain what is meant by a marketing channel of distribution and why intermediaries are needed. Distinguish among traditional marketing channels, electronic marketing channels, and different types of vertical marketing systems. 12-2 LEARNING OBJECTIVES (LO) AFTER READING CHAPTER 12, YOU SHOULD BE ABLE TO: LO3 LO4 Describe factors that marketing executives consider when selecting and managing a marketing channel. Explain what supply chain and logistics management are and how they relate to marketing strategy. 12-3 CALLAWAY GOLF: DESIGNING AND DELIVERING THE GOODS FOR GREAT GOLF 12-4 FIGURE 12-1 The variety of terms used for marketing intermediaries that vary in specificity and use in consumer and business markets 12-5 LO1 NATURE AND IMPORTANCE OF MARKETING CHANNELS THE VALUE CREATED BY INTERMEDIARIES Marketing Channel Functions Performed by Intermediaries • Transactional Function • Logistical Function • Facilitating Function Utilities Received by Consumers 12-6 FIGURE 12-2 Marketing channel intermediaries perform three functions, each consisting of different activities 12-7 CHANNEL STRUCTURE & ORGANIZATION LO2 MARKETING CHANNELS FOR CONSUMER PRODUCTS AND SERVICES Direct Channel Indirect Channel • Retailers • WholesalersRetailers • AgentsWholesalersRetailers 12-8 FIGURE 12-3 Common marketing channels for consumer products and services by the kind and number of intermediaries 12-9 CHANNEL STRUCTURE & ORGANIZATION LO2 MARKETING CHANNELS FOR BUSINESS PRODUCTS AND SERVICES Direct Channel Indirect Channel • Industrial Distributor • Agents • AgentsIndustrial Distributors 12-10 FIGURE 12-4 Common marketing channels for business products and services by the kind and number of intermediaries 12-11 CHANNEL STRUCTURE & ORGANIZATION LO2 ELECTRONIC & DIRECT MARKETING CHANNELS; MULTICHANNEL MARKETING Electronic Marketing Channels Direct Marketing Channels Multichannel Marketing 12-12 FIGURE 12-5 Consumer electronic marketing channels are similar to those for consumer products and services 12-13 CHANNEL STRUCTURE & ORGANIZATION LO2 DUAL DISTRIBUTION & STRATEGIC CHANNEL ALLIANCES Dual Distribution Strategic Channel Alliances Honey Nut Cheerios Ad 12-14 MARKETING MATTERS LO2 Nestlé and General Mills— Cereal Partners Worldwide 12-15 FIGURE 12-6 Three types of vertical marketing systems: corporate, contractual (most popular), and administered 12-16 LO2 CHANNEL STRUCTURE & ORGANIZATION VERICAL MARKETING SYSTEMS Vertical Marketing Systems Corporate Systems • Forward Integration • Backward Integration Contractual Systems • Wholesaler-Sponsored Voluntary Chains • Retailer-Sponsored Cooperatives 12-17 LO2 CHANNEL STRUCTURE & ORGANIZATION VERICAL MARKETING SYSTEMS Contractual Systems • Franchising Manufacturer-Sponsored Retail Franchises Manufacturer-Sponsored Wholesale Franchises Service-Sponsored Retail Franchises Service-Sponsored Franchises Administered Systems 12-18 LO3 CHANNEL CHOICE AND MANAGEMENT CHANNEL CHOICE CONSIDERATIONS Target Market Coverage (Density) • Intensive Distribution • Exclusive Distribution Gucci • Selective Distribution 12-19 LO3 CHANNEL CHOICE AND MANAGEMENT CHANNEL CHOICE CONSIDERATIONS Buyer Requirements • Information • Convenience • Variety • Pre- or Post-Sale Service Profitability 12-20 LO3 Jiffy Lube and Petco What buyer requirements have been satisfied? 12-21 USING MARKETING DASHBOARDS LO3 Channel Sales and Profit at Charlesburg Furniture 12-22 LO3 CHANNEL CHOICE AND MANAGEMENT CHANNEL RELATIONSHIPS Sources of Channel Conflict • Vertical Conflict • Disintermediation • Horizontal Conflict 12-23 LO3 CHANNEL CHOICE AND MANAGEMENT CHANNEL RELATIONSHIPS Channel Captain Channel Influence • Economic • Identification • Expertise • Legitimate Right 12-24 LO4 CHANNEL CHOICE AND MANAGEMENT CHANNEL RELATIONSHIPS Legal Considerations • Dual Distribution • Tying Arrangements • Vertical Integration • Full-Line Forcing • Exclusive Dealing • Refusal to Deal • Resale Restrictions 12-25 FIGURE 12-A The Clayton Act and Sherman Act place legal restrictions on specific marketing channel strategies and practices 12-26 LO4 LOGISTICS & SUPPLY CHAIN MANAGEMENT KEY CONCEPTS Logistics Supply Chain Logistics Management Supply Chain Management • Customer Requirements • The Automotive Supply Chain • Cost-Effective Flow • Customer Service 12-27 FIGURE 12-7 Relating logistics management and supply chain management to supplier networks and marketing channels 12-28 FIGURE 12-8 The automotive supply chain includes thousands of firms that provide the 5,000 or so parts in a typical car 12-29 LO4 LOGISTICS & SUPPLY CHAIN MANAGEMENT SUPPLY CHAIN MGMT & MKT STRATEGY Aligning a Supply Chain with Marketing Strategy • Understand the Customer • Understand the Supply Chain • Harmonize the Supply Chain with the Marketing Strategy 12-30 MARKETING MATTERS LO4 IBM’s Integrated Supply Chain— Delivering a Total Solution for Its Customers 12-31 LO4 LOGISTICS & SUPPLY CHAIN MANAGEMENT SUPPLY CHAIN MGMT & MKT STRATEGY Dell: A Responsive Supply Chain Wal-Mart: An Efficient Supply Chain • Cross-docking 12-32 LO4 TWO CONCEPTS OF LOGISTICS MANAGEMENT IN A SUPPLY CHAIN Total Logistics Cost Concept Customer Service Concept 12-33 FIGURE 12-9 Supply chain managers balance five total logistics cost factors against four customer service factors 12-34 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN CUSTOMER SERVICE FACTORS Time • Lead Time Order Cycle Time Replenishment Time • Quick Response • Efficient Consumer Response 12-35 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN CUSTOMER SERVICE FACTORS Dependability Communication Convenience • Vendor-Managed Inventory (VMI) 12-36 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN TOTAL LOGISTICS COST FACTORS Third-Party Logistics Providers Transportation Mode Service Criteria • Cost • Dependability • Time • Accessibility • Capability • Frequency 12-37 FIGURE 12-B Advantages and disadvantages of five transportation modes 12-38 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN TRANSPORTATION MODES Railroads • Unit Train • Intermodal Transportation Piggyback or Trailer on Flat Car Containers 12-39 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN TRANSPORTATION MODES Motor Carriers (Trucks) Air Carriers and Express Companies Freight Forwarders 12-40 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN TRANSPORTATION MODES Pipelines Water Carriers 12-41 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN WAREHOUSING AND MATERIALS HANDLING Storage Warehouses Distribution Centers Materials Handling 12-42 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN ORDER PROCESSING Stages of Order Processing Electronic Data Interchanges (EDI) Extranet 12-43 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN INVENTORY MANAGEMENT Reasons for Inventory Inventory Costs • Capital Costs • Storage Costs • Inventory Service Costs • Risk Costs 12-44 LO4 KEY FUNCTIONS IN A SUPPLY CHAIN INVENTORY MANAGEMENT Supply Chain Inventory Strategies • Just-in-Time (JIT) Concept 12-45 LO4 CLOSING THE LOOP: REVERSE LOGISTICS Reverse Logistics UPS Video 12-46 MAKING RESPONSIBLE DECISIONS LO4 Reverse Logistics and Green Marketing Go Together at Hewlett-Packard: Recycling e-Waste 12-47