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The 5 R's of Supply Chain Management
ANUJ KUMAR SHRIVASTAVA, Manager, India, Premium Member
The main aim of SCM is a continuous supply of materials at 5 R 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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Seven - 7 Rights in Logistics
Benjamin K.Doh, Interim Manager, Ghana, Member Hello Anuj, I agree totally with the 5 Rights, but I learnt there are two more Rights, do you know about them?
These 2 Rights added to the existing 5 Rights making them to 7 Rights according to some professionals, any idea?
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The 7 R's in Logistics (R = Rights)
Jaap de Jonge, Management Consultant, Netherlands I found a list of 7 R's mentioning the following extra R's in SCM / Logistics:
6. The Right Product
7. The Right Customer
The list also mentioned Right Condition, but that I believe that one is included in The Right Quality?
I am not sure however if they add much to the 5 mentioned by Anuj if we focus on continuous supply of materials...
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