The document explains the seven R's of supply chain management, which include the right product, place, price, customer, condition, time, and quantity, essential for effective logistics. Proper management of these elements optimizes resources and reduces operational costs while ensuring customer satisfaction. Additionally, it highlights the significance of a postgraduate diploma in supply chain management from MIT School of Distance Education for career advancement in the field.

1. 7 R’s of Supply Chain Management
explained in Brief - MIT School of
Distance Education
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2. 7 R’s of Supply Chain Management explained in Brief
 The management of goods and services from point of manufacture to the point of
consumption refers to Supply Chain Management. It involves effectual planning,
design, execution, control, and monitoring of supply chain activities.
 Effective supply chain management facilitates optimization of resources, proper
flow of materials, information and capital thereby reducing operational cost and
avoiding delays. Organizations rely on its supply chain team for the entire process
of logistics.
 The role of supply chain manages is integral in every industry. In order to become
a supply chain manager, the candidates should know how to take care of all the
supply chain activities. The main aim of SCM deals with taking care of 7 R’s these
are as follows:
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3. 1.Right Product
 The basic constituent of supply activities are the products that are transported
from the manufacturer to the consumers.
 Supply chain managers should know what kind of product needs to be
manufactured, handled and transported.
 The best strategy is to choose a product that is in demand and that can guarantee
profits. Having right knowledge and using the right product will facilitate in
efficaciously managing the time and resources.
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4. 2.Right Place
 Next important factor is that the right product should be sent to the right place.
The supply chain managers should ensure that they have efficient and
experienced delivery staff so that the product is delivered to the right place. The
managers can develop a robust delivery system with location tracking so that both
the customers and the providers can track the exact location of the product and
get it delivered to the right place.
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3.Right Price
 Pricing is imperative for the businesses as it is the factor that decides whether it
has incurred profit or loss. The supply chain manager should research market
trends and set competitive prices for the goods and services. Furthermore, there
should be a system that keeps a record of the prices and updates it regularly so
that the products are sold at the right price.

5. 4. Right Customer
 Customers are the core component of supply chain processes. The managers must
have knowledge about their target market. If the products are sold in the right
market then the company gains more leads and they get the right customers that
can stay with them life-long.
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5.Right Condition
 The quality of deliverables is of utmost importance. It is the duty of the supply
team to ensure that the goods are stored properly and delivered to the customers
in the right condition.

6. 6. Right Time
 Time is a crucial factor in logistics. Customer’s satisfaction and long-term
relationship are only possible if the products are delivered to the customers at the
right time. It is the task of managers to develop a tracking system and coordinate
with the delivery team to get the items delivered before the deadline.
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7.Right Quantity
 Sending right amount of products is also important in logistics. It is the task of the
supply chain managers to find the right quantity of deliverables and to coordinate
with the manufacturing and delivery team to get the right quantity of products
delivered to the customers.

7. Summary
 These are the seven R’s of supply chain management that ensure that the whole
process of logistics is carried out effectively.
 A Post Graduate Diploma in Supply Chain Management from MIT School of
Distance Learning provides extensive knowledge of the field so that the successful
candidates are immediately absorbed in the industry.
 Since it is a distance learning program, so the interested candidates can pursue the
course at their convenience.
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