Which statement correctly lists the seven rights of procurement?

Which statement correctly lists the seven rights of procurement?

• A. Right materials, right quantity, right time, right place, right source, right service and right price
• B. Right materials, right quantity, right time, right place, right vendor, right service and right price
• C. Right materials, right quantity, right time, right place, right source, right service and right cost
• D. Right materials, right quantity, right time, right area, right source, right service and right price

Answer: (A)

The seven rights of procurement ensure you obtain exactly what is needed under the right terms: the right materials, the right quantity, the right time, the right place, the right source, the right service, and the right price. This combination covers not only what you buy, but when and where it arrives, who supplies it, how it’s supported, and what it costs, all of which contribute to value and timely delivery. Right materials means the item specified is what you actually receive, with the correct specifications. Right quantity prevents under- or over-ordering, aligning with inventory and production needs. Right time matches the procurement with the project or production schedule to avoid delays. Right place ensures delivery goes to the correct location for use or storage. Right source emphasizes selecting the appropriate supplier or source to secure quality and accountability. Right service covers the supplier’s ability to meet delivery and support expectations. Right price addresses cost within budget while reflecting value. The option that lists these exact seven elements—materials, quantity, time, place, source, service, and price—embodies the standard set of seven rights. Other options swap terms: vendor instead of source, cost instead of price, or area instead of place, which don’t align with the commonly accepted phrasing.

The seven rights of procurement ensure you obtain exactly what is needed under the right terms: the right materials, the right quantity, the right time, the right place, the right source, the right service, and the right price. This combination covers not only what you buy, but when and where it arrives, who supplies it, how it’s supported, and what it costs, all of which contribute to value and timely delivery.

Right materials means the item specified is what you actually receive, with the correct specifications. Right quantity prevents under- or over-ordering, aligning with inventory and production needs. Right time matches the procurement with the project or production schedule to avoid delays. Right place ensures delivery goes to the correct location for use or storage. Right source emphasizes selecting the appropriate supplier or source to secure quality and accountability. Right service covers the supplier’s ability to meet delivery and support expectations. Right price addresses cost within budget while reflecting value.

The option that lists these exact seven elements—materials, quantity, time, place, source, service, and price—embodies the standard set of seven rights. Other options swap terms: vendor instead of source, cost instead of price, or area instead of place, which don’t align with the commonly accepted phrasing.