How Can Suppliers Avoid Loss With Reverse Logistics Management?
Friday, April 8, 2016 5:24
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Have you returned a product back to the manufacturer, maybe because of dissatisfaction or delay? If so, you have triggered Reverse Logistics where the manufacturer could bear significant or negligible losses during the “inversion” of the supply chain. However, logistics firms can still avoid waste and maintain the value of products.
3 R’s of Reverse Logistics:
- Restock
- Repair/Refurbish
- Recycle
Besides these important components that govern reverse logistics, Lean Methodology is another imperative element to make the process a whole lot easier, effective and efficient. This is called Reverse Logistics Management.
