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Returns Reimagined: Revenue Through Reverse Logistics

3PL Insights

But as consumer expectations evolve and ecommerce continues to dominate retail, reverse logistics is becoming an essential strategy in maximizing profitability. Let’s explore how 3PLs can help to better make returns a more affordable and profitable opportunity through reverse logistics. What Is Reverse Logistics?

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What is Reverse Logistics? A Complete Guide

Locus

But while customers expect returns to be a part of their purchase process, the reverse logistics process can be a challenging cost center for retailers, enterprises, and businesses alike. However, many businesses haven’t yet fully mastered the reverse logistics process. What is Reverse Logistics?

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What is Reverse Logistics? A Comprehensive Guide

My Office Apps

What is Reverse Logistics? A Com prehensive Guide Reverse logistics is a vital yet often overlooked aspect of supply chain management. While traditional logistics focuses on moving goods from the manufacturer to the customer, reverse logistics handles the reverse flowproducts moving from the customer back to the business.

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The Pressures of Omni-Channel Fulfillment and Returns Are Growing

BlueYonder

They must track inventory, orders and returns in real time, at all times. And they need to manage their resources, from inventory and labor to forklifts and robotics, with incredible precision keeping all assets moving productively, while avoiding excess inventory and equipment downtime. Increasing reverse logistics complexity.

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Navigating Peak Season in the Supply Chain

ModusLink Corporation

Balancing stock levels is criticaloverstocking can lead to excess inventory costs, while understocking risks losing sales. Focus on Demand Forecasting and Inventory Management Advanced analytics and predictive tools are instrumental in anticipating demand spikes.

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AI-Tuned Pricing and Inventory Strategies are the Way Forward for Retailers

Supply Chain Brain

By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. In terms of inventory strategy, First Insight assigns each SKU a unique “Value Score” based on a range of factors, including pricing, likeability and consumers’ likelihood of purchase.

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Mathematical Optimization: Supply Chain Management by the Numbers

Supply Chain Brain

A lot of people overuse the term, just to say ‘I made something better,’” says Jerry Yurchisin, senior data science strategist with Gurobi , provider of a prescriptive analytics software platform built on decision intelligence technology. By itself, the word “optimize” doesn’t mean anything specific. “A