2. MARKETING CHANNELS
• Marketing channels refer to the various ways companies use to communicate and deliver their products or services to their target customers. These
channels play a crucial role in a company's overall marketing strategy, as they directly impact the reach and impact of their marketing efforts. There
are several types of marketing channels, including:
• 1. Direct Sales: This involves selling products directly to customers without intermediaries. Methods like door-to-door sales, retail stores, and
company websites are examples of direct sales channels.
• 2. Retail: Retail channels involve selling products through physical or online retail stores. This includes department stores, specialty stores,
supermarkets, and e-commerce platforms.
• 3. Wholesale: Wholesale channels involve selling products in bulk to retailers, who then sell them to the end customers. This can include
distribution centers, wholesalers, and other business-to-business (B2B) sales channels.
• 4. Distributors: Companies can use distributors to reach a broader market by selling their products to distributors, who then sell them to retailers or
directly to end customers.
• 5. Online Marketing: This involves reaching customers through online channels such as social media, search engine marketing, content marketing,
email marketing, and more.
• 6. Direct Marketing: Companies can use direct marketing channels such as direct mail, telemarketing, and direct response advertising to reach
targeted customers directly.
• 7. Partner Channels: Partner channels involve collaborating with other businesses to market and sell products. This can include affiliate marketing,
co-marketing campaigns, and strategic partnerships.
• 8. International Channels: For companies looking to expand into international markets, they may use international marketing channels such as
export intermediaries, overseas distributors, or establishing their own overseas subsidiaries.
3.
4. SUPPLY-CHAIN MANAGEMENT
• Logistics and supply chain management are critical components of a company's
operations and contribute significantly to its overall success.
• Logistics involves the process of planning, implementing, and controlling the
efficient flow and storage of goods, services, and related information from the point
of origin to the point of consumption. This encompasses activities such as
transportation, warehousing, inventory management, and order fulfillment.
• Supply chain management, on the other hand, focuses on the coordination and
integration of these activities, as well as the flow of materials, information, and
finances across the entire supply chain, from raw material sourcing to the end
customer. Together, logistics and supply chain management play a key role in
ensuring that products are available to customers in the right quantity, at the right
time, and in the right condition, while also minimizing costs and maximizing
efficiency throughout the process. This ultimately helps companies improve
customer satisfaction, streamline operations, and gain a competitive advantage in
5.
6. DISTRIBUTION
• Distribution in the supply chain encompasses the processes of
transporting, storing, and delivering products from the manufacturer
to the end customer. It involves activities such as transportation
management, warehousing, inventory control, order fulfillment, and
reverse logistics.
• Effective distribution management is crucial for ensuring timely
delivery, minimizing costs, and meeting customer demands. Modern
supply chains leverage technology and strategic planning to optimize
distribution processes and adapt to changing market dynamics, such
as e-commerce and Omni channel retailing.