Marketing Management - Physical Distribution

[arif]

Marketing Management - Physical Distribution

The planning, implementation, and controlling of the physical flow of material or product from one point to another to meet the customer requirements in the market is known as physical distribution.

Importance of Physical Distribution
The importance of physical distribution becomes significant when the manufacturers and market are geographically far from each other. The following points highlight the importance of physical distribution −

#Execute physical flow of product from the manufacture to the customers.

#Grant time and place for the product

#Build customer for the product

#Cost reduction

#Fulfill the demand of the product in the market so that business takes place

Steps in Designing a Physical Distribution System
To design a physical distribution system for a product, following steps need to be followed −

Step 1 − Defining distribution objective and services required for product distribution

Step 2 − Articulating customer requirement

Step 3 − Comparing the strategy with market competitors

Step 4 − Managing the cost of distribution to decrease cost without compromising on the quality of service

Step 5 − Building physical distribution system that is flexible for implementation of changes, if required

Designing of a physical distribution system involves these steps. It is necessary to consider all steps involved for smooth distribution of goods and services.



Source: https://www.tutorialspoint.com/marketing_management/marketing_management_physical_distribution.htm

[Monirul Islam]

9 skills every marketing manager

In the past eighteen months as a marketing organization, we have spent a significant amount of time realigning strategy, reallocating resources, and in some cases hiring new marketing employees. So what's driving this recent hiring and shifting? The dramatic changes and the rate of change that is happening in the field of marketing.

This is not a surprise to most of you. 'Marketing', as a concept and discipline, is evolving a new meaning—with new channels, new approaches, new drivers, and new expectations. And, marketing being marketing, there's no shortage of new 'buzz words' to go along with it... All this 'new' makes life tough for marketers and marketing managers alike. How do you hire, and get hired, in this environment?

It's clear that marketing managers must look for evidence of different skills and experience, when evaluating applicants. But just what to look for is open to debate. Recently I came across a blog post from Kathleen Schaub, Vice President of Marketing, Sybase, which succinctly captures this in a way I can agree with. Of the eight skills mentioned in Kathleen's post, "Eight Skills for Tomorrow's Marketers", the following six, taken almost directly from her post, are vital for our B2B tech environment:

Sales Skills: Now that 100% of B2B buyers repeatedly touch the web (both vendor's sites and those of 3rd parties) throughout the buying process, marketing must stay active from "cold to close". No more filling the top of the funnel and passing leads off to sales.
Social Media Skills: It's no secret that social media dramatically changes the buyer-seller-influencer dynamic. But only those actively participating in social media tangibly appreciate the differences between old-style one-way media conversations and the group interactivity.
Journalism/ Storytelling Skills: With buyers getting the majority of their information from the web and with sales enablement increasing in priority, there's no end to the need for juicy, targeted content. And, that storytelling also comes into play in campaign design.
Process Design Skills: Marketing automation is just beginning to penetrate its market. Forrester says it's less than 5% adopted. As anyone who has been part of a re-engineering effort can attest, it's not the automation that increases productivity. It's the process changes that automation enables and enforces. Deploying marketing automation will require skills such as process modeling, project management, the ability to train and manage change, as well as ease with technology.
Data/ Analytics Skills: Technology captures and makes available enormous amounts of data about buyer and seller behavior.
Domain Expertise: Customers don't care about our products. They care about themselves and their problems. Building a bridge between our products and the customer's care-abouts requires knowledge of both realms.
To this great list I would add these three 'softer' skills that are critical...including:

Collaboration AND exceptional communication—NOT mutually exclusive. On every job posting, you will see that 'communication' skills are a must... Communication has a different meaning for marketers in our world. While the traditional communication skills are needed, they need to be supplemented with an intense focus on collaborating through effective communication. There are no 'one-man/woman bands'—only full orchestras with very clear objectives and constant interaction.
Creativity/Innovation—reaching for the next idea. The term 'creativity' is no longer just for the agencies or the designers. Today's channels and digital approaches enable and encourage creativity at all stages of marketing and the marketing process. Creativity is at the heart of innovation, which is not only required, its rewarded.
Leadership—taking risks, driving change, & building trust. At a recent conference a panelist, Dr. Linda Combs, former US Government official with five presidential appointments, talked about 'leadership at every level' to fully empower an organization's success. Today's marketers, regardless of their role, have an unique opportunity to demonstrate leadership in their field and across their business for maximum impact.

Source: https://blogs.sas.com/content/customeranalytics/2010/05/12/9-skills-every-marketing-manager-needs-to-look-for/