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What are the functions of middlemen in the chain of distribution?

I remember them as possession, ownership, negotiation, financing, pricing and promotion.


What is downstream distribution?

Downstream distribution refers to the processes involved in delivering products from manufacturers to the final consumers. This includes activities such as warehousing, transportation, and retailing. The goal is to ensure that goods are efficiently and effectively distributed to meet consumer demand. Downstream distribution is a critical component of supply chain management, impacting customer satisfaction and overall business performance.


What is an example for vertical integration would be?

Vertical intergration is where a company moves down the chain of distribution for example Thomas Cook is a tour operator and then it became a travel agents as well


How do you measure efficiency of distribution?

Efficiency of distribution can be measured using key performance indicators (KPIs) such as delivery time, order accuracy, and transportation costs. Metrics like the cost per unit delivered, inventory turnover rates, and service levels can also provide insights into how effectively goods are being distributed. Additionally, analyzing the supply chain's responsiveness to demand changes and the utilization of distribution resources can further assess efficiency. Regularly reviewing these metrics helps identify areas for improvement in the distribution process.


Is normal distribution also a probability distribution?

Yes. When we refer to the normal distribution, we are referring to a probability distribution. When we specify the equation of a continuous distribution, such as the normal distribution, we refer to the equation as a probability density function.