Better logistics management requires planning and handling freight complexities efficiently. This is important, not only for curbing the possible inconsistencies in the supply chain but also for cutting the extra costs. One of the most important concepts in logistics management is the concept of 7 R’s or 7 “Rights”. These 7 “Rights” lay the foundation of the smooth functioning of all the processes from lading to the procurement of goods to customers.
Are youlooking for an online booking transportation system for your next shipment?Look no further than FR8War. You need to enter your freight-relatedinformation and various logistics service providers will bid to it. Simple,Time-Saving and Cost-Effective.
Let’s studythe 7 “Rights” for better logistics management: –
- RIGHT PRODUCT
Freight companies should have complete information about the kind ofproduct, they are going to ship. Proper product knowledge is important for themanagement of time and resources.
- RIGHT CUSTOMER
Logistics companies should know their target market so that they canidentify their potential customers. By targeting the right customers in themarket, they will have a better chance of gaining leads.
- RIGHT QUANTITY
It is important to know the right quantity of products to be sent toretailers. Thanks to modern AI systems, companies can make the right predictionfor the quantity of good to be sent in near future based on past records. Thisgives an idea about truck bookings to be done in advance. Rightquantity varies from business to business and from season to season.
- RIGHT TIME
In the world of shipping management, time plays a critical role. Thereshould be no delay when it comes to delivery of the product to end customer.Prior planning and management needed to be done in advance, for shipping in righttime.
- RIGHT CONDITION
Logistics firms should make sure about the condition of the product whenit reaches the end customer. The products shouldn’t be broken, and the packagingmust be intact. There should be proper R&D, so that product reaches thecustomer in right condition.
- RIGHT PRICE
The companies have to take care of price along with managing all theshipment processes. Logistics companies have to monitor better freight routesand forecast exact lading units for cost efficiency. This ensures lowest costfrom their end.
- RIGHT PLACE
What’s the point of above six factors, if the product doesn’t reach to its target location? There should be proper location tracking of truckloads from both customers as well as company end. This will help in determining the delivery of the consignment to the right place.
According toLogistics definition, it is delivery of Right Products in RightQuantity and the Right Condition, to the Right Place at the RightTime for Right Customer at the Right Price. These were the 7“Rights” for effective logistics management.
Are you a consignor looking for hassle-free delivery of yourload? Are you tired of calling different transporters to know the best price?Then fret not,Fr8Waris here.Fr8Waractsas a digital bidding platform between consignors and transporters. Theconsignor needs to enter cargo details along with the ceiling price, andvarious transporters will bid for it from the other end. Transporters get tocompete for the load, and consignors instantly get the best delivery price. WithFr8War, the process is exceptionally straightforward, POST. BID. RELAX.Adopt freight revolution, and downloadFr8Warapp now!!
