Remove Analytics Remove Inventory Remove Metrics Remove Reverse Logistics
article thumbnail

Reverse Logistics: What is it, and Why is it So Important?

Unleashed

Reverse logistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. Today, reverse logistics can no longer be an afterthought for manufacturers, but is instead an integral part of supply chain planning. What steps make up the reverse logistics process?

article thumbnail

Supply Chain KPIs & Metrics: Our Top 24 for Manufacturers

Silvon Software

In fact, such KPIs are so crucial right now that the supply chain analytics market is expected to reach nearly $17 billion by 2027 as companies ramp up their supply chain performance management initiatives. Supply chain metrics provide the intelligence needed to make better projections and more informed choices in such a market.

Metrics 81
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

Welcome to our comprehensive guide on the logistics department and the key players involved in the delivery process. At SCMDOJO , we understand the importance of efficient logistics in ensuring customer satisfaction. Reverse Logistics: In addition to the forward flow of goods, the logistics department manages reverse logistics.

article thumbnail

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration. They are more likely to shop for discounts and sales and may delay purchases of some items.

article thumbnail

The Role of IT in Supply Chain!

Supply Chain Game Changer

This information can help companies manage inventory levels and improve customer service and engagement. Below are four ways to apply it: Data Analytics: Insights can help you interpret data to make better decisions about your business operations. As a result, you can avoid product spoilage and not waste company resources.

article thumbnail

How Returns Management Works: Process, Tips, & Best Practices

Unleashed

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. Returns management vs. reverse logistics Returns management refers to managing the entire returns process.

article thumbnail

The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.