The 5 or 7 Rights of Logistics and Supply Chain Management
The main aim of SCM is a continuous supply of materials at 5 "rights" (5 Rs) which are:
1. The Right Place
2. The Right Time
3. The Right Quantity
4. The Right Quality
5. The Right Price
This can be done efficiently if a company has all of the following 3 flows arranged properly:
1. Cash Flow
2. Material Flow
3. Information Flow.
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Ashoke D Kulkarni, India
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Rights in Supply Chain Management
All 10 Rs indicated by various members are acceptable to me.
However all these Rs would prove to be... Sign up
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Fabio Tilomelli, Italy
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It Depends on what You Mean by 'Quality'
If you mean the respect of all the requirements, maybe the fourth point includes all the others.
I ... Sign up
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Fabio Tilomelli, Italy
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A not Right Extension is not a Right. it is a Mistake
Quality is defined by international standard ISO 9000, you cannot define it as you wish. You can con... Sign up
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Sheryl
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Avoid too Many R’s of Logistics
Hi, everyone mentions very important R’s of Logistics because how many aspects will be focused more ... Sign up
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