Enterra Insights

OCTOBER 21, 2021

Today’s complicated returns processes more often than not involve reverse logistics, which can be a real headache for retailers. Ryan Semrow, Product Owner for Reverse Logistics at C.H. Robinson, explains, “Reverse logistics refers to any portion of the reuse of products and materials in a supply chain.

Reverse Logistics 130

Reverse Logistics Cost Reduction Strategies Material Savings Manufacturing Procurement 130

Supply Chain Game Changer

NOVEMBER 14, 2018

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. The applications of reverse logistics are broad.

Reverse Logistics 61

Reverse Logistics 3PL Logistics Network Optimization Software Sourcing Strategies 61

Unleashed

FEBRUARY 21, 2024

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. A good returns policy is crucial for ensuring a smooth customer experience.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase. Knowing the importance of managing the return of merchandise, let’s look at the goals and benefits of a customer-centric return policy.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. Unlike the forward view, reverse logistics follow the opposite process. Reverse Logistics and Returns Management Are an Opportunity for Profit.

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

Logistics Bureau

JULY 18, 2018

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. This also qualifies as reverse logistics.

Reverse Logistics 40

Reverse Logistics Logistics Network Optimization Software Logistics Vendor Strategies 40

SCMDOJO

JANUARY 17, 2024

Return Management, also known as reverse logistics, is a process where the customer returns the goods they purchased. The seller arranges a pick-up from the delivery address: After the acceptance, the seller mentions the expected pick-up date and time and arranges the reverse logistics.

Inventory Reduction 86

Inventory Reduction Supply Chain Planning Software Material Savings Cost Reduction Strategies 86

Enterra Insights

DECEMBER 26, 2022

The staff at SupplyChainBrain explains, “Overstocked retailers are cutting back on lenient pandemic-era return policies heading into the holiday season.”[2]. Today’s consumers take a lot of factors into consideration when they make a purchase — including product availability, price, delivery dates, and return policies.

Pricing Training 130

Pricing Training Purchasing Skills Purchasing Training Procurement Solutions 130

Locus

NOVEMBER 28, 2023

Returns, in the context of logistics, is the process of moving goods from their final destination back to the manufacturer or point of origin for multiple reasons. Efficiently managing returns, also known as reverse logistics, is imperative for maintaining customer relations, sustainable practices, and overall economic viability.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Mitigation Strategies Reverse Logistics 52

3PL Insights

FEBRUARY 14, 2023

The flow of finished goods in retail logistics is a multi-step process, encompassing inventory management, order fulfillment and shipping, and returns management. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

Unleashed

DECEMBER 4, 2018

With better inventory control and optimised management, your multichannel operation can perform at a higher level and meet customer expectations. Integrating inventory control with suppliers. Integrating your supply chain with your inventory control method is crucial for improving the consistency of your product supply.

Inventory 61

Inventory Logistics Network Optimization Software Forecasting Software Demand Planning Software 61

Cathy Roberson

JANUARY 9, 2023

The biggest retail challenges from the NRF and Appriss survey include the following: Self-service returns Damaged returns or policy abuse Re-processing goods at a warehouse on digital returns Indeed, a lot of work still needs to be done in reverse logistics. Previously, Sylvie worked at Infosys Consulting and Optoro.

Las Vegas 52

Las Vegas Logistics Network Optimization Software Reverse Logistics Supply Chain Planning Software 52

QAD

MARCH 14, 2023

Businesses should pursue these environmental initiatives not only for addressing customer expectations and brand reputation, but also because many of these initiatives are becoming involuntary through governmental policies around the globe. What is Supply Chain Digitization?

Supply Chain Software 93

Supply Chain Software Waste Reduction Sustainability Resource Reduction 93

Enterra Insights

DECEMBER 28, 2020

. … The overall rate of returns is growing about 10% annually, which is straining storage space as the reverse logistics process can require 15% to 20% more space than outbound logistics.”[2] ” Retailers benefit from flexible returns policies. ” There are two sides to the returns story.

Reverse Logistics 100

Reverse Logistics Policies Purchasing Skills Procurement Analytics 100

Enterra Insights

DECEMBER 26, 2019

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.” In May 2018, Amazon announced it would institute a lifetime ban for customers that habitually return merchandise.

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100

SYSPRO Smarter ERP

MARCH 31, 2022

It’s premature to know at this stage what the full impact will be on our economies and supply chains, but we can expect more delays of supply of imported inventory, food, and component parts, due to reduced or rescheduled air and sea freight. Supply chain challenges. Responding to global disruptions.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Disruption Supply Chain Design Software Supply Chain Planning Software 105

TransAudit

DECEMBER 13, 2023

Capturing value after the initial use is not generally part of the process and processes are not designed for reverse logistics in many cases. For example, inventory turnover rates incentivize volume-based models rather than product durability. Turn policy constraints into innovation opportunities for localization.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

ToolsGroup

SEPTEMBER 25, 2019

Digital transformation is not seen as a singular activity but a set of interrelated activities that span across people, process, technology, policy, and metrics,” said George Fowler, group vice president in Spinnaker’s Supply Chain business unit.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

ModusLink Corporation

NOVEMBER 18, 2021

Business practices ought to become increasingly transparent therefore implementing green policy can generate profits, provide a positive social impact, and reduce environmental impact. When the product has a defect after its production, it is sent back to the inventory to reuse or recycle it. reverse logistics in a circular economy.

Waste Reduction 78

Waste Reduction Sustainability Material Savings Supply Chain Planning Software 78

3PL Insights

DECEMBER 13, 2021

Develop a Solid Returns Policy. A clear and concise returns policy alleviates confusion for both the sellers and buyers. The policy should be easily accessible on your e-commerce site and any third-party sites. Based on the results of the inspection, the product is either placed back into inventory or discarded.

Supply Chain Design Software 98

Supply Chain Design Software Inventory Management Software Supply Chain Design Policies 98

Logistics Bureau

APRIL 3, 2023

Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs. For instance, automated order processing can reduce order processing time, while predictive analytics can help forecast demand more accurately, reducing the risk of stock-outs or excess inventory.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Intelligent Audit

DECEMBER 1, 2021

Managing prroduct returns can affect the overall management of the warehouse, storage, inventory, and products. For the logistics of shipping, data plays a crucial role in proper management, especially in reverse logistics.

Procurement Analytics 52

Procurement Analytics Data Supply Chain Software Reverse Logistics 52

Vinculum

SEPTEMBER 14, 2022

Retail organizations across the globe are implementing supply chain management systems to control the movement of inventories and maintain product quality. Inventory . It is known as reverse logistics. The more flexible the return policy, the higher customer satisfaction will be.

Supply Chain Planning Software 52

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Retail 52

6 River Systems

NOVEMBER 1, 2022

Retailers must be flexible in order to handle consumer’s evolving shopping behaviors changing trade policies, inventory shortages, supply and demand disruptions and unpredictable delays in last mile deliveries. The strategies above aren’t the only ways to improve retail logistics. Retailers must adapt to changing conditions.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Resource Reduction Optimal Sourcing 52

GlobalTranz

JANUARY 21, 2019

Meanwhile, inventory levels rose 3.6 How Surface Mode Shippers Can Compete in E-Commerce Logistics. Also, they noted store policies on boxes in some stores. White-glove logistics. Inbound logistics. Reverse logistics. Spot rates rose 9 percent, but some were as high as 12 percent. LTL and FT trends.

Trends 152

Trends Shipping Purchasing Skills Supply Chain Software 152

Intelligent Audit

DECEMBER 2, 2021

Parcel reverse logistics and returns management can be strenuous tasks for any company. Consumers expect a stress-free, easy process with easy-to-follow return policies. With such a steady growth in parcel volume and revenue, shippers need to ensure they have the proper tools and practices for parcel reverse logistics. .

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Logistics Supply Chain Software 52

CH Robinson Transportfolio

DECEMBER 2, 2016

The best way to efficiently handle returns is to have a reverse logistics plan in place—keeping in mind that visibility and communication are key throughout the process. It all starts with your return policy. Make it easy for your customers to return products with a consumer-friendly return policy.

Reverse Logistics 34

Reverse Logistics Inventory Reduction Resource Reduction Cost Reduction Strategies 34

Freight Center

NOVEMBER 22, 2019

Here’s what you should know about Black Friday logistics to keep you and your shipping team on track. It’s almost impossible for businesses to guarantee accurate inventory levels when it comes to freight shipping for Black Friday. The Return Policy. Supply and Demand.

Logistics Network Optimization Software 43

Logistics Network Optimization Software Material Savings Inventory Reduction Logistics 43

Locus

OCTOBER 19, 2021

This includes keeping track of completed deliveries, managing inventory levels, and maintaining patient records. Lesson learned: Improve reverse logistics capabilities. Pharmaceutical businesses should work on developing their inventory management capabilities to efficiently manage returned goods. Conclusion.

Pharmaceutical 52

Pharmaceutical Logistics Network Optimization Software Optimization Software Modeling 52

Logistics Bureau

JANUARY 7, 2020

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 Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Intelligent Audit

DECEMBER 6, 2021

One area of logistics, reverse logistics, is particularly susceptible to failures within visibility. Since e-commerce is typically associated with above-average returns rates, with an above-average peak season in full swing, shippers need to know a few things about the high costs of poor visibility in the reverse supply chain.

Reverse Logistics 52

Reverse Logistics Cost Reduction Strategies Sourcing Strategies Logistics Network Optimization Software 52

Veridian Solutions

DECEMBER 17, 2018

In addition to moving more merchandise in holiday sales, the flow of reverse logistics must continue. How to Minimize Holiday Retail Returns A few best practices to minimize the burden of holiday retail returns include: Keep your customers informed by providing easy access to the returns’ policy.

Retail 45

Retail Expense Reduction Cost Reduction Strategies Inventory Reduction 45

GlobalTranz

DECEMBER 7, 2018

Meanwhile, 58 percent want a hassle-free “no questions asked” returns policy, and another 47 percent want an easy to print shipping label for returns. The responsibility of the company comes in when moving the product back to the distribution center or allocation to the brick-and-mortar store’s inventory.

Omnichannel 138

Omnichannel Purchasing Skills Inventory Reduction Supply Chain Software 138

Veridian Solutions

DECEMBER 17, 2018

In addition to moving more merchandise in holiday sales, the flow of reverse logistics must continue. A few best practices to minimize the burden of holiday retail returns include: Keep your customers informed by providing easy access to the returns’ policy. Establish a returns’ management infrastructure.

Retail 40

Retail Expense Reduction Cost Reduction Strategies Inventory Reduction 40

Logistics Bureau

MAY 3, 2021

However, with most countries now undergoing some form of lockdown or policy of movement restrictions to counter the spread of COVID-19, the number of conventional stores going “dark” is increasing rapidly. The reverse logistics process, too, is a prime target for refinement. 63% suffered inventory shortages.

Supply Chain Planning Software 59

Supply Chain Planning Software Retail Supply Chain Strategy Inventory Reduction 59

The Lean Supply Chain

MAY 22, 2015

Simply put: inventory swings in larger and larger “waves” in response to customer demand (the handle of the whip), with the largest “wave” of the whip hitting the supplier of raw materials. Excessive Inventory/inadequate inventory. Inventory Inaccuracies. People problems. Order processing.

Optimal Sourcing 40

Optimal Sourcing Supply and Demand Forecasting Agile and Lean Supply Chain 40

Supply Chain Game Changer

MAY 20, 2020

Some deals Jacobs had been discussing eventually went through, with XPO buying Kuehne + Nagel’s non-core logistics assets in the U.K., providing “inbound and outbound distribution, reverse logistics management and inventory management” services in the country. Shipper Must Remain Forward-Thinking Now More Than Ever.

Freight 56

Freight Cargo Reverse Logistics Supply Chain Planning 56