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How to Optimize Reverse Logistics!

Supply Chain Game Changer

What Exactly Is Reverse Logistics? Optimize Reverse Logistics article and permission to publish here provided by Raanan Cohen at bringg.com. If you think reverse logistics isn’t relevant to your business, think again. How can you optimize reverse logistics?

What Exactly Is Reverse Logistics?

Supply Chain Game Changer

And then at some point all of these activities were included under the banner of “Reverse Logistics” What on earth is Reverse Logistics? So What Is Reverse Logistics? The term “Reverse Logistics” was first coined by James R. I was certainly familiar with Repair, Recycling, Reclamation, Salvage and ReUse to that point but Reverse Logistics seemed like an odd phrase. And Why Is Reverse Logistics Important?

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The Impact of the Coronavirus Crisis on Reverse Logistics

Enterra Insights

”[1] He adds, “Dependence on China for their manufacturing has put small and midsize businesses in jeopardy. Therefore, reverse logistics companies are preparing for managing the influx of returned or replaced items during this time.”[2]. Reverse logistics: An inconvenient challenge. Journalist Maghan McDowell ( @maghanmcd ) calls returns (aka reverse logistics) “an inconvenient challenge” for retailers.[3]

Reverse Logistics and the Power of Your 3PL!

Supply Chain Game Changer

Blog post originally published by Expak Logistics on [link] Permission to publish here provided by Morgan Dixon. For many companies, reverse logistics has become an integral part of their business plan, offering them the ability to maximize the efficiency of their operations. Generally, reverse logistics is defined as “the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal. Subscribe Here!

A Case Study in Reverse Logistics Optimization!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? The application of advanced forecasting and planning methodologies improve inventory management in a critical, high-volume repair business, dramatically reducing costs and fulfillment cycles while improving customer satisfaction. When one of the world’s leading manufacturers of personal computers set new goals for its European operations, ModusLink was there to help. Reduced spare parts inventory levels by 52 percent or $2.3

Reverse Logistics: Who Does it Well?

Logistics Bureau

It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly. Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ Logistics

[INFOGRAPHIC] Reverse Logistics: Managing the Business Circle of Life

Cerasis

Reverse logistics could be the business equivalent to the passage of time and life for nature. And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices. Reverse Logistics allows businesses to recoup a portion of the original purchase price of this equipment. Reverse Logistics provides a guide for ensuring these returns do not become lost costs and have a second life. Reverse logistics.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else. The Supply Chain in the Financial sector is different from Manufacturing and Distribution for instance. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. Subscribe Here!

What’s the Difference Between Fulfillment and Replenishment?

Supply Chain Game Changer

From Click to Ship in 4 Minutes! According to dictionary.com one of the definitions of Fulfillment is “the process or business of handling and executing customer orders, as packing, shipping or processing checks.” Whether the order is sent to an end consumer, another company, a Retail store, a Manufacturing facility or another Distribution Centre, the process of sending product to that customer is Fulfillment. Subscribe Here! Email Address.

Why OmniChannel Solutions are Needed in Shipping & Logistics to Meet Consumer Demand

Cerasis

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. Consumers are also expecting more of manufacturers and shipping companies. Shipping and Logistics Providers Seek to Attract Millennials.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

The back bone of all of it is Digital Technology: The Internet of Things (IoT) End to End Digital Connectivity Cloud Computing Blockchain Big Data Artificial Intelligence Predictive Analytics Machine Learning Virtual Reality Augmented Reality Voice Activated Technology Wearable Devices Robotics 3D Printing and On Demand, Additive Manufacturing Cyber Security Autonomous Vehicles Drones Software as a Service (SaaS) and much more. Subscribe Here! Email Address.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

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. The Top 6 Trends in Logistics Impacting Shippers in 2016. Autonomous Trucks Will Drive Logistics Forward. Logistics

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Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. We’ve already listed the top 10 manufacturing blog posts and the top 10 supply chain blog posts last week. 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. Top 15 Logistics Blog Posts of 2014.

The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer

Cerasis

Take a look at how the IoT supply chain is changing the landscape in terms of equipment functionality, shipping processes, invoicing and payments, and analysis of trends. Most manufacturing processes heavily rely on the use of machinery. However, over the course of several months, this slight change in pressure could cause permanent damage to the machine, or it may cause additional problems for other aspects of the manufacturing process.

[INFOGRAPHIC] The Rise of Enterprise Mobility in Manufacturing

Cerasis

With all of the emerging technology transforming manufacturing , supply chain, and logistics, such digitization, 3D printing or additive manufacturing , the Internet of Things , the great move to the cloud, big data, augmented reality, virtual reality, nanobots, and more, another great movement at the core of a lot of these other transformative technologies is enterprise mobility. What is Mobility as it Applies to Manufacturing and Other Businesses?

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

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. Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond.

The Effect of Consumer Delivery Demands on Shippers and How Retail Compliance Programs Can Help

CH Robinson Transportfolio

Explosive growth of ecommerce means huge volumes of goods are moving from suppliers to distribution centers, stores, and residences, and, in the case of returns (it is estimated shoppers returned $385 billion worth of inventory in 2017), back again. Unable to pass shipping costs on to consumers accustomed to free shipping, retailers must be as efficient as possible within this vast and complicated network. .

The Effect of Consumer Delivery Demands on Shippers and How Retail Compliance Programs Can Help

CH Robinson Transportfolio

Explosive growth of ecommerce means huge volumes of goods are moving from suppliers to distribution centers, stores, and residences, and, in the case of returns (it is estimated shoppers returned $385 billion worth of inventory in 2017), back again. Unable to pass shipping costs on to consumers accustomed to free shipping, retailers must be as efficient as possible within this vast and complicated network. .

E-Commerce and TMS: The Role of Transportation Technology for Shippers to Kill It at E-Commerce

Cerasis

By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverse logistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. E-Commerce Is Spurring Record Growth in Logistics E-commerce has made it impossible to meet the status quo with traditional technologies, and still, some shippers have not yet implemented e-commerce and TMS solutions.

What Should an LTL Transportation Management System Do for Me as a Shipper?

Cerasis

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. Less-than-truckload (LTL) shipping has been amid a capacity crunch. Therefore, any LTL system must consider reverse logistics in every function.

The Returning Season

Enterra Insights

Matt Guasco ( @mattpguasco ), President of INF Marketing and Logistics, explains, “With the rise in e-commerce has come an annual torrent of post-holiday returns. No easy task for a logistics system largely built to deliver.”[1] E-commerce has forever changed the reverse logistics formula. Guasco notes, “Reverse logistics is not only a feature of the holidays e-commerce rush but an everyday challenge to the supply chain.”

3 Uses of IoT Tech Spurring Sustainability in Supply Chains

Cerasis

In the shipping and manufacturing industries, that same “worldwide web” is now being deployed to encourage more energy-efficient operational and communication strategies for a low-carbon economy, thanks to IoT Tech. But perhaps the most far-reaching changes will center around the use of large data systems to drive sustainability in logistics and supply chains. The Internet has already transformed the way individuals interact, make choices, and process information.

‘Try Before You Buy’: A Huge Logistics Challenge for E-Tailers

Supply Chain Brain

Retailers were forced to cope with large volumes of returns, becoming experts in the art of reverse logistics. Take Nordstrom’s Trunk Club , the subscription-based service that ships out curated selections of clothing periodically and invites buyers to return whatever they don’t wish to keep. In the event, they are saddling themselves with a substantial logistics challenge. The mantra today is “try before you buy.”

6 Questions To Ask 3rd Party Logistics Companies for 2015 and Beyond

Cerasis

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Many different factors have been previously discussed on specific details of selecting a 3PL , but have you truly learned how to identify the top-notch 3rd Party Logistics Companies from the fly-by-night, intermediary 3rd Party Logistics Companies?

These Advanced Supply Chain Technologies will Solidify the Digital Supply Chain in 2018

Cerasis

In fact, blockchain technology is expected to permeate up to 33% manufacturers and retailers for its use in product tracking within the next three years, reports Craig Guillot of Supply Chain Dive. More supply chain entities, including third-party logistics providers (3PLs), manufacturers, transportation providers, reverse logistics service providers, and other business-to-business partners will increase focus on use of automated advanced supply chain technologies.

Omnichannel Operations Benefit from Cognitive Computing

Enterra Insights

The digital path to purchase is becoming the norm for many consumers and both retailers and manufacturers are taking notice. Manufacturers and distributors also face omnichannel challenges. Rosing explains, “The application of omnichannel in manufacturing primarily focuses on the collaboration between suppliers, or vendors, and distributors. … Keeping up with customers’ demands has natural implications for business-to-business sellers, including manufacturers.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

China was locking down hundreds of millions of people and closing manufacturing facilities. As China is the largest manufacturing country in the world the economic repercussions were really starting to be felt. And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Automotive manufacturers are looking to manufacture ventilators.

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Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Any percentage less for your business with logistics costs as a percent of your revenue, goes straight to the bottom line. . Logistics Cost Reduction by Focusing on Safety.

Warehouse Material Handling: The Complete Guide

EMERGE App

This will entail efficient logistics for warehouse and customer requirements. For a small business, it might entail the use of trucks to move the inventory from the warehouse onto a shipment truck. Also, you can factor in the time frame it takes to receive inventory from shipment.

Understanding E-Commerce Fulfillment: Definition, Process, Resources!

Supply Chain Game Changer

A 2018 study found that free shipping was the number one feature for online shoppers. In addition, shipping costs are a major factor in shopping cart abandonment. Speed matters also: 25 percent stopped orders when shipping was too slow. Now that your business has grown, you may outsource your fulfillment to a third-party logistics (3PL) service. Shipping times and methods are part of your third-party logistics operations. What is drop shipping?

The Elegance of the Costco Supply Chain!

Supply Chain Game Changer

Fewer SKUs and suppliers mean less complicated logistics. Given the set up of the store Costco has all goods shipped, replenished and fulfilled in full pallet quantities. By working with suppliers to optimize the amount of product on a pallet Costco is able to reduce handling, maximize truck capacity utilization, and lower logistics costs. Costco eliminates the middle man in logistics bypassing distributors all together. Inventory Turnover. Subscribe Here!

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Is Google the most innovative supply chain company in the world?

Freightos

Marketplaces such as Alibaba’s Tmall, caters to suppliers and manufacturers. Inventory management and replenishment as well as reverse logistics can now be managed by mobile as well as payments. Technology Trend 2: 3D Printing or Additive Manufacturing. million units shipped. In 2013, UPS became the first logistics provider to offer 3D printing services at select UPS Stores. This, in turn, could reduce shipping and air freight volumes.

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space. Inventory shortages. Select one strategic logistics partner and build a long-term, close relationship. Inventory and storage costs.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory.

Supply Chain Disruptions Are New Opportunities – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

The enforcements of draconian lockdowns, various economies have experienced severe shocks, adversely affecting global trade, global tourism & travel, International Aviation and Airports as well as International Shipping and Ports.