StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - The Importance of Processes in Reverse Logistics

Only on StudentShare
College
Essay
Miscellaneous
Pages 7 (1757 words)
Business firms do everything they can to make sure their supply chain runs efficiently-so that their customers receive the products they want accurately and on time. But sometimes products are returned, and they have to be prepared to process returns just as efficiently…

Extract of sample

least cost and highest efficiency). A reverse logistics operation is considerably different from forward logistics. It must establish convenient collection points to receive the used goods from the final customer or remove assets from the supply chain so that more efficient use of inventory / material overall can be achieved. It requires packaging and storage systems that will ensure that most of the value still remaining in the used good is not lost due to careless handling. It often requires the development of a transportation mode that is compatible with existing forward logistic system. Disposition can include returning assets into inventory pools or warehouses for storage, returning goods to the original manufacturer for reimbursement, selling goods on a secondary market, recycling assets, or a combination that will yield maximum value for the assets in question.
Reverse logistics, simply put, comprise all activities associated with a product/service after the point of sale, the ultimate goal to optimize or make more efficient aftermarket activity thus saving money. However, easy as it may looks , the processes involved requires a large degree of considerations coupled with careful planning.
Speed of retrieval is the primary measure of efficiency and ...
Download paper
Not exactly what you need?

Related papers

Logistics
The researcher states that it is very interesting to note that the terms ‘logistics’ and ‘service response logistics’ have gained a lot of importance in the fields of business and the realm of business intelligence systems over the years. Service response logistics have a lot more to do with the kind of response a company draws as a result of its provided services. These metrics are very…
4 pages (1004 words)
Problems of Reverse Logistics in Electronic Commerce
Reverse logistics is the removal of returned or unused products and redistributing of these products in order to attain maximum profit. It can also be referred to all the "activities associated with a product/service after the point of sale" (Reverse Logistics Association, n.p, 2008).…
3 pages (753 words)
Integrated Logistics
Knowing the role of inventory management is important because it contributes to the overall functioning of the company and in turn, determines the efficiency of the entire process. In other words, it is very important for any firm to deal with its inventory carefully because this in turn complements and directly affects other related processes such as warehousing, transportation and all of this…
6 pages (1506 words)
Logistics Management
You are a consultant who has been asked to write a report that discusses what logistic management would involve for clothing manufacturing firms sourcing in the Pacific Rim.…
10 pages (2510 words)
Inbound Logistics
The reason for this is fairly intuitive; if a manufacturer is to produce goods and material for distribution, it must receive the raw materials and other products necessary for production and distribution. Accordingly, the management of inbound products is central to the organizational goals in two obvious ways: First, the procurement of the materials and, second, the potential cost savings…
4 pages (1004 words)
Reverse Offshoring from India
Outsourcing was a trend which indicated transfer of work which was of low technology and small wages to a company or a nation which provided such benefits. (Frauenheim, (2005). Today increasingly with problems of gaining H1B visas for immigration and need for developing local competencies as well as the flattening of wages in some high end category of jobs Indian IT companies have graduated to…
4 pages (1004 words)