This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
These facilities produce and ship 150,000 order lines per day. Rather than shipping directly from a factory or a distribution center to a different region, they shipped to a port hub where shipments from a region could be consolidated, allowing them to build fuller ocean containers and ship fewer loads.
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.
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.
Geodis has unveiled two innovative returns solutions designed to streamline the increasingly complex world of reverselogistics. This user-friendly interface allows end consumers to generate return shipping labels, removing the need for direct shipper involvement.
Reverselogistics is difficult and costly. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. Even consumers find making online returns a pain, having to repack, print shipping labels for and drop off unwanted online purchases. Who pays the price?
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.
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.
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.
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.
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.
The explosive growth of e-commerce also creates significant logistics challenges for retailers and D2C manufacturers. They need to offer low-cost or free shipping and returns, while also protecting margins. They must track inventory, orders and returns in real time, at all times. Increasing reverselogistics complexity.
Whether you’re managing fulfillment in-house or working with a third-party logistics (3PL) partner, early preparation is key. Shipping delays: Which carriers struggled and why? Holiday shipping cutoffs : Establish realistic deadlines for standard and express shipping.
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]
Balancing stock levels is criticaloverstocking can lead to excess inventory costs, while understocking risks losing sales. Similarly, transportation networks face increased strain due to higher shipping volumes, which can result in delays and rising freight costs. Accurate demand forecasting becomes paramount to striking this balance.
We will delve into what will set third-party logistics providers apart in the coming year, and what to expect as e-commerce continues to merge with brick-and-mortar retail. We will turn over each stone and consider how innovative technology will shape the future of shipping and logistics. Meanwhile, inventory levels rose 3.6
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.
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.
Developed under the auspices of the International Maritime Organization (IMO), the Convention mandates that ships at the end of their operational lives must be recycled in a safe and environmentally sustainable way.
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.
And then at some point all of these activities were included under the banner of “ReverseLogistics” What on earth is ReverseLogistics? So What Is ReverseLogistics? The term “ReverseLogistics” was first coined by James R. And Why Is ReverseLogistics Important?
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.
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.
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.
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.
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.
The company can connect all aspects of the execution process, including labor cost and capacity, warehouse capacity, and shipping, and then integrating all of this data into their data cloud platform for a holistic view of OMS, TMS, and WMS. Blue Yonder also acquired Doddle to close the loop on reverselogistics.
What Exactly Is ReverseLogistics? Optimize ReverseLogistics article and permission to publish here provided by Raanan Cohen at bringg.com. If you think reverselogistics isn’t relevant to your business, think again. Is your business ready for returns and reverselogistics at scale?
When the Internet first arrived, the idea of waiting for an extended period to receive a product was great, asserts Gordon Hellberg of Material Handling and Logistics. However, Amazon is shaking up the mix by seeking to make today’s e-commerce practices obsolete, and shipping and logistics providers need to understand why.
He sees a near future in which there are multiple agents, each with their own realm of responsibility, such as shipping, pricing and forecasting. Koganti said this is the fastest-growing use of AI in supply chain, especially when it comes to forecasting, procurement and fulfillment.
Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. With more Full Truckload (FT) carriers turning away shipments in the 5,001 to 10,000 weight band, according to Jeff Berman of Logistics Management , the demand for LTL will increase.
Blog post originally published by Expak Logistics on [link] Permission to publish here provided by Morgan Dixon. For many companies, reverselogistics has become an integral part of their business plan, offering them the ability to maximize the efficiency of their operations. The applications of reverselogistics are broad.
With our supply chains clogged and retail inventories piling up, we have a situation wherein the huge imbalances between demand and supply at the product mix level can have an adverse impact on product availability for B2B and B2C companies alike, especially as we start heading to the holiday season. Not really. in October 2021. A ratio of 1.5
By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverselogistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. How Surface Mode Shippers Can Compete in E-Commerce Logistics. Click The Button.
Capacity is also a slightly complex topic, reflecting changes within available capacity and individual markets, individual modes, and with differing logistics partnerships. Poor granularity means shippers do not know where to prioritize their fulfillment strategies, and that may be more likely to disproportionately distribute inventory.
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.
Logistics service providers (LSPs) face unprecedented challenges in today’s fast-paced market. Trend 1: Industry consolidation The logistics industry is experiencing a wave of consolidation. DHL made several major acquisitions in 2022, including an Australian logistics company and a Mexico-based health care logistics company.
That is the word being used to describe the state of the logistics industry in 2017, reports William B. Last year, the 2016 State of Logistics Report alluded to rising shipping volume, partially responsible for decreased overhead costs, as a driving force behind declining overhead costs across all modes of shipping.
Transportation vs Logistics with Marty Wadle. Marty Wadle and Joe Lynch discuss transportation vs logistics. Marty has worked with Ruan for over 25 years and has held a series of positions with increasing responsibility within sales, supply chain solutions, quality, and logistics. Key Takeaways: Transportation vs Logistics.
That includes everything from raw materials and manufacturing to packaging and logistics. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Known as Scope 3 emissions, these are also the most difficult to measure and manage.
Reverselogistics refer to the complex processes of returning products and purchases from consumers to retailers and third-party liquidators. Reverselogistics is the opposite of typical order fulfillment , but reverselogistics usually includes increased costs for retailers.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content