The Indispensable Role of WMS in Reverse Logistics

Cerasis

Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Among e-commerce sales, up to 30 percent will be returned to the shipper, which reflects a huge demand for effective returns management and reverse-logistics process standardization. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction.

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?

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6 Benefits of Effective a Reverse Logistics System & The 9 Core RevLog Metrics to Track

Cerasis

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts, materials and products from the consumer back to the producer. Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. 6 Benefits of an Effective Reverse Logistics System.

Why Reverse Logistics Systems and Transportation Management Should Be Considered Together

Cerasis

Needs for efficient reverse logistics 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. Need For Reverse Logistics Breeds Opportunity. Efficiently managing reverse logistics is a daunting challenge for many businesses.

What Your Inventory Reveals about Your Reverse Logistics

PLS Logistics

Common goals for reverse logistics are to improve customer satisfaction, cut costs, maximize return on assets. Reversing the supply chain means taking in returns, recalls, damaged goods and overstocked merchandise and recapturing its value or disposing of it. With the popularity of online shopping, the supply chain has become more multifaceted, increasing the importance of an organization’s reverse logistics strategy and inventory management practices.

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?

9 Benefits of Effective Reverse Logistics Process & 5 Advantages of Partnering with a 3PL

Cerasis

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts , materials and products from the consumer back to the producer. Thus, reverse logistics management has developed into a discipline that produces cost reductions, adds efficiencies and improves the consumer experience. 5 Benefits of Reverse Logistics Management for Asset Recovery.

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. Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket. Additionally, the client’s inventory levels were reduced by 52 percent or $2.3

Reverse logistics blues should not be “business as usual”

DELMIA Quintiq

For all of you “in the know”, we are talking about reverse logistics – 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 reverse logistics: The first measure: Never have anybody returning anything. We can plan multiple price-related scenarios and optimize the reverse logistics execution not only for typical seasonal peaks, but also for planned pricing events.

Why Reverse Logistics Are Crucial to Customer Experiences

Veridian Solutions

Reverse logistics refer to the complex processes of returning products and purchases from consumers to retailers and third-party liquidators. Reverse logistics is the opposite of typical order fulfillment , but reverse logistics usually includes increased costs for retailers. Common Problems in Handling Reverse Logistics. The biggest problem in reverse logistics for omnichannel stems from the complexities of reverse logistics.

The Indispensable Role of WMS in Reverse Logistics

Veridian Solutions

Reverse logistics is filled with risk, and the rate of reverse logistics in e-commerce is higher than any other channel, reports Business2Community. Among e-commerce sales, up to 30 percent will be returned to the shipper, which reflects a huge demand for effective returns management and reverse-logistics process standardization. Using a WMS in reverse logistics can help meet this rise in demand and increase customer satisfaction.

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

Advanced Reverse Logistics Strategies Workshop & Conference

Supply Chain Movement

RLCON 2013: Advanced Reverse Logistics Strategies Workshop & Conference. In this scenario, coupled with stringent EU environmental laws and regulations, a strategically effective Reverse Logistic function can secure your supply chain’s ‘backward loop’ and make significant cost savings for the company. The Conference will provide valuable insights on implementation of cost effective reverse logistic process for optimal ROI.

Are Your Reverse Logistics Leaking Profits?

Supply Chain Cowboy

One of the issues many growing companies face is obsolete inventory and customer returns. In this episode of the Supply Chain Cowboy Podcast, I talk with Curtis Greve to get his expert advice on how best to handle reverse logistics. Reverse logistics are kind of funny in that they tend to fly under the radar. However, improving how you handle obsolete inventory and returns by just a fraction could be the best thing you can do for your bottom line.

5 Ways to Improve Your Reverse Logistics Operations

Industry Star

Reverse logistics is typically messy, can be politically charged, and exists to give money and resources back to customers, but the reality is that it's potentially a large cost center. Evaluate and optimize these five aspects of your reverse logistics operations to experience significant cost reduction results. The post 5 Ways to Improve Your Reverse Logistics Operations appeared first on IndustryStar Solutions.

Streamlining Reverse Logistics

Inbound Logistics

Manage reverse logistics to reduce costs and recover investment on damaged and expired products, and inventory returns

3rd Annual Advanced Reverse Logistics Strategies Conference

Supply Chain Movement

3rd Annual Advanced Reverse Logistics Strategies Conference, organized by Quadimension Events with key focus on Electronics and Retail industry in the EMEA region, will be held on the the 19th – 20th of March 2015 at the Park Inn Hotel in Prague, Czech Republic. The event will provide a unique platform to explore Advanced Reverse Logistics Models and Effective Aftermarket Strategies to create Competitive Advantage. RLCON 2015. Date: 19-20 March 2015.

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. Effective Reverse Supply Chains. This excess of inventory can often pose as a problem when companies already have a long list of issues to tackle to remain relevant in the market. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location.

Why Returning to Stores Is the Ultimate E-Commerce & Omnichannel Customer Experience Play

Cerasis

The Top Logistics Trends that Will Impact Logistics Management in 2018?. 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. E-Commerce Logistics Reverse LogisticsE-commerce is on track to break records for sales around the globe in the 2018 holiday shopping season.

Three Reasons to Give Advanced Track and Trace Capabilities a Fresh Look

Logistics Viewpoints

Inventory Management Reverse Logistics Supply Chain Risk Management Warehouse Management Systems The need for track and trace capabilities in industries such as food and beverage, manufacturing or automotive industries is obvious: the threat of contamination or recalls impacts public safety, and the responses to those events are highly regulated. Organizations need to know what goes into their products and their location at all times. But increasingly, […].

How Holiday Returns Can Be Gifts to Your Supply Chain

CHAINalytics

Significant energy is expended by these companies to plan assortments, analyze inventory strategy, and build promotional buzz with the goal of delivering positive results while servicing the mad rush of customers. Blog Service Supply Chain Supply Chain Operations What's New Ecommerce holidays Irv Grossman Retail Returns Management Reverse Logistics service supply chain Supply Chain

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

SCM 84

5 Tips to Improve Omnichannel Inventory Management

Unleashed

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. Many brands are turning to omnichannel inventory management to meet the challenge. We’re going to share five tips to help you make omnichannel inventory work for you. What is Omnichannel Inventory Management?

How Last Mile Delivery Affects the Supply Chain

The Network Effect

As many regional delivery hubs do not require the full breadth and depth of a WMS, some basic functionality is still needed: receiving, cross docking, inventory visibility, labor and task management, staging, driver check-in and check-out, quality audit, loading, and shipping. Returns and Reverse Logistics. The Network Effect appointment scheduling delivery last mile logistics optimization reverse logistics route planningBy David Meyers.

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[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.

Building a Return Management Strategy for this Holiday Season

CH Robinson Transportfolio

Companies that effectively manage returns retain more customers and save money on the logistics side of their business. Verifying this information can prevent unnecessary inventory loss. Control and visibility are closely intertwined parts of reverse logistics. Maintaining strict control over the reverse flow of items also keeps you in compliance with regulatory bodies. The holidays can be “the most wonderful time of the year.”

What is Supply Chain Management (SCM)? (Video)

Supply Chain Game Changer

What Exactly Is Reverse Logistics? supplychainmanagement #scm #supplychain #procurement #logistics #distribution #purchasing #technology. Freight and Logistics Inventory Management Procurement Reverse Logistics Supply Chain Management Technology Distribution Logistics Purchasing SCM supplychain supplychainmanagementSubscribe Here! Email Address. What Exactly Is Procurement? And What is Purchasing? What is Supply Chain Management?

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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. The Cash Cycle is a function of the days of Accounts Receivable, Accounts Payable, Inventory and Capital Expenditures. The Supply Chain is directly responsible for the payment terms for Accounts Payable, Inventory (this does vary between companies), and even the negotiated terms for Capital purchases. Subscribe Here! Email Address.

Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

Virtually every type of software application is offered in a SaaS model, including software to support ERP, TMS, CRM, Inventory Management, and Invoicing applications, all of which are related to Supply Chain. You can outsource your Manufacturing, Distribution, Procurement, Logistics, Accounts Payable, Transportation Management, Systems and more. We had phenomenal, global capabilities in Logistics and Procurement. Subscribe Here! Email Address.

Can Online Returns Boost Your Profitability This Holiday Season?

CHAINalytics

To minimize the impact on the supply chain and boost overall profitability, companies need to assess their reverse logistics network for opportunities to increase capacity, improve inventory recirculation, and cultivate customer loyalty. Feature In The News Supply Chain Consulting Supply Chain Operations E-Commerce e-commerce operations omnichannel operations online returns returns strategy Reverse Logistics reverse logistics strategy

Optimising Inventory Control in Multichannel Businesses

Unleashed

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. Improved inventory control is ultimately affecting your customer experience. Ensuring reverse logistics policies.

What’s the Difference Between Fulfillment and Replenishment?

Supply Chain Game Changer

When you are Replenishing those goods you are engaging processes associated with Inventory management, re-order points, stocking levels, order lead times, transit times, purchase order changes and more. If there is any problem with these goods, for instance due to quality issues, the customer may return those goods, In this case they often want replacement items in which case you are now replenishing supply with additional goods and working with the entire Reverse Logistics process.

Why the Right Strategy to Managed Inventory Hinges on Clear, Concise Communications

Turvo

A managed inventory depends heavily on teams and leaders that can communicate with each other to avoid operational issues, overstocking, or worse, running out of inventory when the customer is ready to buy. It all makes communication a vital part of maintaining a managed inventory.

Countdown to Black Friday: Here Come the Returns. Now What?

CH Robinson Transportfolio

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. Does it go right back into inventory? Prompt action gives you a better opportunity to resell the product for the highest recovery value and convert that inventory back into cash. To learn more about how to implement an effective reverse logistics plan, connect with an expert here.