So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.
7 R's of logistics significance lies in the fact that it explains the function of logistics services, and the manner in which items can be moved simultaneously that meets specific criteria, such as time, quantity, price, and others.
With the increasing level of vertical integration, the eight Rs of logistics become more and more crucial. Besides the right (“R”) place, good, quantity, quality, costs, customer, information and time a 9Th “R” is vital to profit in the upcoming Hyper-VUCA world: The right consultancy.
When items in the supply chain travel in reverse order, your organization has to figure out a way to handle those products. The five Rs of reverse logistics are returns, reselling, repairs, replacements, and recycling. The processes and solutions you apply to each of these can help your business improve its results.
How to give a new life to products. In the end, one could say that circular economy is structured around a philosophy based on the so known “7Rs“: redesign, reduce, reuse, renew, repair, recycle and retrieve products to give them new uses or all of their possible uses.
The Five R's: Refuse, Reduce, Reuse, Repurpose, and Recycle.
Infrastructure Imperatives, Carbon Management, Green Energy, Circular Economy, Environment Conservation, Water Conservation and Energy Efficiency.
For those who think the concept of the “Three Rs” of recycling are difficult, get ready to meet the “Eight Rs.” For those of who recycle, you're going to love the new Rs: remember the need; refuse and assess; reduce; reuse; refill; repair; regift; recycle; and repeat.
Embrace the 10Rs of true eco living: Responsibility, Resist, Reduce, Return, Repair, Reuse, Recycle, Restore, Respect and Reach Out. Volunteer with an environmental organisation or donate money to keep them going.
Use of R in Financial Formulas
In formulas, lower case "r" usually represents the required rate of return. RE is usually expected return. RM is usually the return on the market as a whole. Rf or Rrf is usually the risk-free rate of return.
r: Real interest rate.
The “R” inside the circle stands for “registered.” The “R” and circle together form the federal trademark registration symbol. In commerce, the symbol shows that your business officially owns its trademark by U.S. Patent and Trade Office (pto.gov) standards.
Research and Experimentation (R&E) Credit.
∆δ Delta. ∆: Means “change” or “difference”, as in the equation of a line's slope: 2. 1. 2.
The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, they will lose money over time if their win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order.
R is a statistical analysis tool that is widely used in the finance industry. It is available as a free program and provides an integrated suite of functions for data analysis, graphing, and statistical programming.
When an error is determined to be material to previously-issued financial statements, the error must be corrected by restating the prior-period financial statements. [5] This type of restatement is sometimes referred to colloquially as a reissuance restatement or a “Big R” restatement.
Getting started with the 7Rs: Rethink, Refuse, Reduce, Reuse, Repair, Regift, Recycle.
To achieve this vision, we have crafted the 2030 5C SD Strategy, by which our strategic priorities, known as the “the 5Cs”: Clean, Community, Culture, Care and Corporate Governance will point the way for the Group's sustainable future toward 2030 and beyond.
In this paper, we propose a new classification of innovative concepts for sustainable city distribution called the 4 A's, which take into account these challenges. The 4 A's stand for Awareness, Avoidance, Act and shift, and Anticipation of new technologies.
Systems theory identifies 5 elements for a sustainable business model: Diversity, modularity, openness, slack resources and matching cycles.
The figure at the top of this page suggests that there are three pillars of sustainability – economic viability, environmental protection and social equity.