7 R's of Logistics
Logistics is art and science of obtaining producing and distributing material and product in proper place and in proper quantity. Logistics nothing but movement of material in whole supply chain. It is part of supply chain management. Logistics management is an integral part of supply chain management that is used to meet customer demands through the planning, control and implementation of the effective movement and storage of related information, goods and services from origin to final destination. 7 R’s of logistics are as follows 1. Right Product The basic constituent of supply activities are the products that are transported from the manufacturer end to the consumers end. Supply chain managers should know what kind of product needs to be manufactured, handled and transported. Manufacture the product which satisfy the customer demand...