Remove Inventory Remove Logistics Remove Reverse Logistics Remove Strategy
article thumbnail

How to Use Data to Fuel Your Retail Reverse Logistics Strategy

GlobalTranz

How often do you think about your retail reverse logistics strategy? It’s easy to assume retail reverse logistics is solely based on returns. While this is partially true, all retail reverse logistics involve a backward flow of products that return to their origin.

article thumbnail

What is Reverse Logistics?

GlobalTranz

What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The 9 Key Considerations of an Effective Last Mile Logistics Strategy

GlobalTranz

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.

article thumbnail

Innovation with Reverse Logistics (Part 1 of 2)”.

ModusLink Corporation

A large Supply Chain element that is often prioritized when Outsourcing is the process of ‘Reverse Logistics’. T he definition of Reverse Logistics. Reverse Logistics is often referred to as Reverse Supply Chain, and part of Closed Loop Supply Chain. Smart Reverse Supply Chain (SRSC).

article thumbnail

Using Technology to Integrate Your Return Management Strategy

GlobalTranz

Among these, an integrated return management strategy can make or break successful operations. Use Real-Time Data to Inform Your Returns Management Strategy. 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.

article thumbnail

The Impact of the Coronavirus Crisis on Reverse Logistics

Enterra Insights

This dramatic change in consumer shopping habits emphasizes the importance of omnichannel strategies and a resilient supply chain. Therefore, reverse logistics companies are preparing for managing the influx of returned or replaced items during this time.”[2]. Reverse logistics: An inconvenient challenge.

article thumbnail

The Quietly Growing Conundrum of Online Returns

Logistics Viewpoints

Reverse logistics is difficult and costly. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. Moving Forward: Reverse Logistics Technology. Compare this to the 9% returns rate of purchases made in-store. Who pays the price?