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Buying goods of right quality & quantity at right time at right price is called?

Logistics Procurement Supply Chain Government Procurement
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Question added by Mohammad Fayyaz , Deputy Site Manager , Raha Group for Technical Services (RGTS)
Date Posted: 2017/04/18
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Carole Abdel Salib
by Carole Abdel Salib , FOREIGN LOGISTICS MANAGER , KHOURY INTERNATIONAL

It is simply called a Definition of Purchasing.

Jean Louwrens
by Jean Louwrens , Graduate Program , DSV Air & Sea

It would be called The four Rs of Supply Chain Management but it is actually:

- Right Time

- Right Place 

- Right Quality 

- Right Quantity 

- Right Place

Making it The 5Rs of Supply chain Management 

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