Classic 5 Rights

The mainstay of procurement performance objectives & measurement.

Ideal for use at early or tactical stage of your procurement journey. The traditional Procurement 5 Rights or more commonly known, the '5 R's' (a model promoted by The Chartered Institute of Procurement and Supply CIPS), have long been the foundation for which to base a Procurement functions objectives. This is a great strategy, you cant go too far wrong by following these basic principles. Indeed effective procurement is entirely dependent on getting these foundation requirements..... Right!

Right Quality

Purchase Goods or Services to satisfy the requirements of their intended purpose, or more simply - Fit For Purpose!

Redefined

Right Quantity

Purchase the right quantity to fulfill the required Goods or Services without creating a deficit or surplus of inventory.

Redefined

Right Place

The specific location for where the goods or services are required to be delivered and received.

Redefined

Right Time

Goods and Services available at the time they are required without consequences or being too early or too late.

Redefined

Right Price

A fair & reasonable price for securing the 4 R's before it.

Simple, right!

Redefined

5 Rights Redefined

Find out how to transform your procurement function and maximise the value received by following the 5 Rights redefined.....

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5 Rights: Services