The 7 R’s of logistics is the most important concept used
in supply chain management. They lay the foundation of all the operations of
logistics. These foundations include shipping to purchasing goods for
customers. In the end, these 7 R's will help in controlling the flow of
products. Also, these rights will help in making the process very
The seven Rights of logistics are:
The basic elements of supply chain management are the
products. Companies should know about the product they are manufacturing,
handling and transporting and must specify it. Also, working on products with
high demand in the market will help to increase the profit. This helps to save
a lot of time and resources while working.
Knowing the target market is very important for any
logistics company. This knowledge may help to deliver the right products to the
people and can earn their trust. In this modern world, getting to know the
right customers is never a hassle. With the use of digital means, you can
easily get the details about the customers and their changing desires. When
compared to the traditional method, digital marketing methods are very accurate
No customer wants to receive a faulty product. Companies
should take extra care in delivering the products in the best condition. To do
this, you should have a well-equipped storage facility and safe transportation
facility. Good quality packaging is another factor that is important here.
Delivery people also must be cautious while handling the products.
Right products delivered to the right place mark the
success of a logistics company. The company should ensure that it has efficient
delivery people who are fully acquainted with the delivery guidelines. They
must also have the right skills for it. You can also have a robust tracking
mechanism to ensure the working of the same.
Time management is a crucial factor in the working of
supply chain management. Delivering the products at the right time is the key
to success in this industry. Customers tend to keep a long relationship with
the companies which deliver things at the right time.
While doing the pricing, make sure you are not going on
with a reasonable pricing system. Analyse the industry dynamics and apply them
to it. Keeping a record of prices are checking it periodically will be an added
advantage in the area.
With the advancement of technology, it is easy to
determine the correct quantity. Using this and delivering the right quantity is
very important in determining the success of a logistics company.
But to keep these 7 R’s in line, the company must follow a
decent record management system. It can improve efficiency, traceability and
ensuring regulatory compliance. Record management allows companies to keep the
right track of a delivery, adding to the success. They are significant in
controlling the growth of records by cutting down the number of copies made and
by limiting unnecessary files. After the time, disposing of the data is also
crucial, as this will help in mitigating the confusion. If unnecessary files
are kept, it will become a barricade in delivering products correctly. Keeping
sensitive information, keeping the employees motivated to do their best work,
saving time while working, etc., are other benefits of record management. In a
nutshell, the company must have well-established record management to follow
the 7’s of logistics, which is the fundamental element in keeping a logistics