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What is reverseLogistics? Before we dive in the nuances of reverselogistics, otherwise known as return logistics, integration, let's briefly recap what reverselogistics is. Reverselogistics refers to all operations related to the reuse of products and materials.
Many people associate reverselogistics to simply cover returns, but it is much more broad than that. Beyond answering “what is reverselogistics,” it is important to understand the history of reverselogistics, the benefits of reverselogistics and why it’s a rising practice, especially in aftermarket industries.
How often do you think about your retail reverselogistics strategy? It’s easy to assume retail reverselogistics is solely based on returns. While this is partially true, all retail reverselogistics involve a backward flow of products that return to their origin.
Reverselogistics is filled with risk, and the rate of reverselogistics in e-commerce is higher than any other channel, reports Business2Community. Using a WMS in reverselogistics can help meet this rise in demand and increase customer satisfaction. GET YOUR COPY HERE. Download White Paper.
It would be tempting to think of reverselogistics as forward logistics done backwards. Reverselogistic isn’t simply a reverse gear. Reverselogistics can also have a dramatic effect on steering a company’s fortunes. This also qualifies as reverselogistics.
But as consumer expectations evolve and ecommerce continues to dominate retail, reverselogistics 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 reverselogistics. What Is ReverseLogistics?
Reverselogistics software enables greener returns, reduced waste, and smarter inventory reuse- supporting sustainability and efficiency in your supply chain. The post Turning Returns Green with ReverseLogistics Software appeared first on loginextsolutions.com.
Business case creation involves top logistics, finance, or business unit executives. Interestingly, the inventory analysis often shows that for slow-moving products, centralizing those SKUs in a central storage location increases reliability despite the increase in lead times. However, the projects involve a good deal of collaboration.
We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. Read the full Post.
What is ReverseLogistics? A Com prehensive Guide Reverselogistics is a vital yet often overlooked aspect of supply chain management. While traditional logistics focuses on moving goods from the manufacturer to the customer, reverselogistics handles the reverse flowproducts moving from the customer back to the business.
Geodis has unveiled two innovative returns solutions designed to streamline the increasingly complex world of reverselogistics. He emphasized that the new modules were designed for adaptability and scalability, catering to an array of client needs to bolster their reverselogistics strategies in a quickly evolving environment.
The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year.
Your Aftermarket Supply Chain is More Complex Than You Think: Stop Guessing, Start Optimizing Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas.
5 Trends Shaping Logistics with Ben Gordon. Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supply chain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverselogistics, and fulfillment. About Ben Gordon.
Reverselogistics is difficult and costly. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. Moving Forward: ReverseLogistics Technology. The post The Quietly Growing Conundrum of Online Returns appeared first on Logistics Viewpoints.
Your Aftermarket Supply Chain is More Complex Than You Think Lets be honest: managing spare parts inventory requires specialized strategies unlike any other inventory management process. Suboptimal inventory distribution: excessive stock in low-demand locations and shortages in high-demand areas. The outcome?
Needs for efficient reverselogistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals.
As also reported by Accenture , “To help leaders use insights to respond with confidence, companies should use a logistics control tower to get a real-time view of operations. This will require integrating logistics market information (e.g., Contact Our ReverseLogistics Team Today. warehouses) and externally (e.g.,
Understanding last mile logistics is only half the battle. Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logistics strategy that aligns consumer and business expectation. In fact, an effective last mile logistics strategy must consider these nine key points.
Inventory Management ReverseLogistics Supply Chain Risk Management Warehouse Management Systems' Organizations need to know what goes into their products and their location at all times. But increasingly, […].
For all of you “in the know”, we are talking about reverselogistics – the “dark side” mix of art and science of the supply chain operations strategy. Let’s consider what measures and countermeasures are available to us to address reverselogistics: The first measure: Never have anybody returning anything.
While conventional logistics optimizes the flow of goods from producer to consumer, reverselogistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. BONUS: Download the Ultimate Guide to Transportation ReverseLogistics White Paper.
The explosive growth of e-commerce also creates significant logistics challenges for retailers and D2C manufacturers. They must track inventory, orders and returns in real time, at all times. But first LSPs need to overcome these four common challenges weve witnessed firsthand: Inventory and order handling gaps.
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.
Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. What Are the Challenges in Managing E-Commerce Logistics? Going back to reverselogistics, consumers expect a hassle-free, cost-free returns process. LEARN MORE.
While conventional logistics optimizes the flow of goods from producer to consumer, reverselogistics manages the processes for inverting that flow to deal with returned parts , materials and products from the consumer back to the producer. 5 Benefits of ReverseLogistics Management for Asset Recovery.
3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena. Robert Cadena and Joe Lynch provide an introduction to 3rd party logistics. 3rd party logistics services include 5 major categories: 1.) Logistics 4.) based transportation and logistics providers. Transportation 2.) Warehousing 3.)
Reverselogistics is the process of goods returning to their point of origin – back from the purchaser to the manufacturer or supplier. Today, reverselogistics can no longer be an afterthought for manufacturers, but is instead an integral part of supply chain planning. What steps make up the reverselogistics process?
Therefore, reverselogistics companies are preparing for managing the influx of returned or replaced items during this time.”[2]. Reverselogistics: An inconvenient challenge. Journalist Maghan McDowell ( @maghanmcd ) calls returns (aka reverselogistics) “an inconvenient challenge” for retailers.[3]
Boxes in a Warehouse, reverselogistics stages. Reverselogistics, the process of managing product returns, repairs, recycling, and disposal, is crucial for organizations aiming to maximize efficiency and reduce environmental impact. Here’s a breakdown of the five essential stages of reverselogistics: 1.
Whether you’re managing fulfillment in-house or working with a third-party logistics (3PL) partner, early preparation is key. Your logistics partner should be looped in on your Q4 plans as early as possible to ensure they have the staff, space, and strategy to handle the increased volume.
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. Logistics and Supply Chain Management. ” IoSCM Blog.
Supporting hypergrowth while reducing supply chain logistics emissions is not an easy feat. In the early 2020s, Microsoft’s transportation and logistics team needed to meet growing demand for cloud services while managing carbon, cost and cycle time. Mr. De Golia stressed that to drive progress, you need a clear goal.
Tariff and Deportation Policies on Collision Course in Agribusiness Global Trade & Economics How ReverseLogistics Is Reshaping Retail’s Future ReverseLogistics Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
As online shopping continues to grow, especially in categories like apparel and electronics, the pressure is on retailers to develop a robust and profitable reverselogistics strategy. The Real Work: ReverseLogistics in Action Returns don’t end with the customer shipping an item back. of total retail sales.
A large Supply Chain element that is often prioritized when Outsourcing is the process of ‘ReverseLogistics’. T he definition of ReverseLogistics. ReverseLogistics is often referred to as Reverse Supply Chain, and part of Closed Loop Supply Chain. Smart Reverse Supply Chain (SRSC).
Even JP Morgan, Microsoft, and Google, reports Jonathan Chester of Forbes , are working to increase blockchain development and innovation, and supply chain leaders need to understand how the use of blockchain in supply chain and logistics will bring about lasting change and improvements in efficiency.
In Part I of this article we gave a short introduction to the ReverseLogistics concept, and the reasoning behind the recent increase in popularity. Many SME’s (Small-Medium Enterprises) now make use of ReverseLogistics to some degree. Inventory management is a frequently used aspect. Introduction. Blockchain.
5 Trends Shaping Logistics with Ben Gordon. Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supply chain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverselogistics, and fulfillment. About Ben Gordon.
A number of reverselogistics providers can be found in the ReverseLogistics Association’s directory of service providers. The reverselogistics market comprises a number of players and as noted by DHL’s acquisition of Inmar Supply Chain Solutions, this space is ripe for acquisitions.
You need to monitor inventory turnover, the carrying cost of inventory and the average inventory value, explains Paul Trujillo of Business 2 Community. The dependent values in these KPIs are derived from the following formulas: Inventory Turnover = The Cost of Total Goods Sold During a Period / Average Inventory Value.
12 Useful Websites to Help You Liquidate Inventory and Make Money This blog post is about websites that can help you sell excess inventory and convert it into cash. However, liquidation involves selling excess or unwanted inventory to convert it into cash. Learn More About Evolution Of Supply Chain Management And Logistics 6.
Much talk about sales, automation and improved processes dominate the conversation when considering outsourcing logistics processes to a transport and logistics providers or using a 3PL-based transportation management system (TMS). In reality, the actual savings and return tend to be closer to 10 percent, reports Inbound Logistics.
Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.
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