The experts in
logistics talk of 7 Rs of logistics; they are Right Product, Right Quantity,
Right Condition, Right place, Right time, Right Customer and Right Cost.
Actually, all the
Rs are inter-related; one leads to the other if we consider the end of
logistics, namely, movement of a product from the place of origin to the place
of consumption; that is, from the manufacturer to the consumer who is the
customer. That is, logistics is essentially a process with many sub-processes
in it, a process which involves many processes at many levels of performance of
specific functions. Buying the raw
materials, buying them in right quality and quantity required , manufacturing a
product using those raw materials, marketing the finished products through
marketing personnel, storing finished
products in warehouses, choosing right mode of transport for the movement of
the product—it goes on and on like that; all these processes, tasks grouped
together become so to say logistics.
There is no
commercial profitable engagement without a good sense of logistics. In other
words, logistics and business engagement are inseparable as much as capital and
a business enterprise. And logistics and supply chain are again twins that
cannot exist independent of one another.
Only in about five
decades or so, logistics as a system has been formulated; about hundred years
ago, nobody gave a thought to this thing called logistics though all the
functions of logistics were carried out. The growth of business implies newer
challenges and efforts to find solutions for them ; that is, from being simple
low-volume business to massive business corporate, the society demanded growth
of business activities and with rising complexity, it became a necessity to
formulate a system to meet the growing complexity of business concerns and
logistics was born ; of course, marketing management took the precedence and
the development of marketing management could not but find another equally
important branch of business concern ,
logistics came to be. Today, all are concerned with logistics which has
become all inclusive comprehensive subject of the day.
Practical
usefulness of logistics is beyond any doubt and it seems to form basis for some
massive programs like national and international economies and their
development; in fact, the logistics is being used as an infallible tool to assess
the development of a country, economically and socially.
A massive ship with thousands of containers
loaded with cargo at a worth of billions of dollars passing through endless
ports and a poor postman who is 50+ in a torn uniform with a bag slung across
his shoulders carrying small parcels and even post-cards—these two are objects
of logistics performing relevant social useful functions. That is, logistics is universal and it is
bound to grow and expand continually.