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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?

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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.

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

SCMDOJO

Order processing also includes picking, packing, and preparing products for shipment, as well as generating necessary documentation such as invoices and shipping labels. Transportation and Routing: The logistics department is responsible for planning and organizing the transportation of goods.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Consumers have gotten used to ordering more than what they are planning to keep for trying on different sizes of clothing or shoes or for trying a new brand and shipping the returns for free. And future supply chains will rely on effective data collection, advanced analytics, automation, and control towers augmented with AI/ML technology.

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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.

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The Role of IT in Supply Chain!

Supply Chain Game Changer

This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). Below are four ways to apply it: Data Analytics: Insights can help you interpret data to make better decisions about your business operations. Procurement Management.

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

SCMDOJO

They can be trucking companies, airlines, shipping lines, or rail operators, depending on the mode of transportation chosen for the specific shipment. Reverse Logistics: Reverse logistics involves managing the flow of goods from the customer back to the manufacturer or supplier.