The 7 Rs of logistics
Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.
The process of planning, implementing, and controlling the efficient and effective forward and reverse flow and storage of goods, services, and related information from point of origin to point of consumption for the purpose of meeting customer requirements. (Council of Logistics Management 1991)
Your taskReflect on your experience of purchasing products, and consider those retailers who do the 7 Rs of logistics well (or not so well).
ReferencesThe Chartered Institute of Logistics & Transport UK (2019) Glossary of terms and dictionaries. [online] available from https://ciltuk.org.uk/Knowledge/Knowledge-Bank/Resources/Other-Resources/Useful-glossaries [6 August 2019]Council of Logistics Management (1991)
Principles of Global Logistics Management
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