The 7 ''Rights'' Of Logistics
The management of goods and services from point of manufacture to the point of consumption refers to Logistics Management. It involves effectual planning, design, execution, control, and monitoring of supply chain activities. For many years, logistics management was viewed as a necessary evil. That is, logistics activities had were needed for a manufacturing or retail firm to stay in business, but these activities were not seen as “strategic. But today, we know that Supply chain and Logistics management is vital to every company operating in numerous industries. The 7 “Rights’’ (also known as the 7 Rs) is one of the most crucial concepts in logistics management, and managers should strictly memorized in order to acquire the fundamental knowledge of Logistics.