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How to Optimize Reverse Logistics!

Supply Chain Game Changer

Subscribe to 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.

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.

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What Exactly Is Reverse Logistics?

Supply Chain Game Changer

Check out What Exactly Is Supply Chain Management? 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. But once explained the phrase Reverse Logistics made sense. And Why Is Reverse Logistics Important?

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. Hitendra Chaturvedi, a professor at the Supply Chain Department of W.P. companies in many ways, and nearly three-fourths of them have seen their supply chain significantly affected.”[1] Therefore, reverse logistics companies are preparing for managing the influx of returned or replaced items during this time.”[2].

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

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. In today’s world, consumers expect free return shipping, and failure to offer a positive, easy returns experience can have a detrimental effect on future sales.

Reverse Logistics: Who Does it Well?

Logistics Bureau

This article was first published in the July / August 2018 issue of MHD Supply Chain Solutions. 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. Logistics

How Last Mile Delivery Affects the Supply Chain

The Network Effect

Principal, Supply Chain Technology, Tompkins International. The convergence of supply chain execution systems is a goal that many enterprises have yet to achieve. If more than a Just Leave On Porch (JLOP) delivery experience is required, the essential elements for local delivery within a complete Supply Chain Execution (SCE) system should include: Appointment Scheduling. Returns and Reverse Logistics. By David Meyers.

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

Supply Chain Game Changer

Check out Brand Protection – The Definitive Role of the Supply Chain! The Supply Chain function within your company has many responsibilities. From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. Yet often the Supply Chain is undervalued. Why is Supply Chain often undervalued? Pressures for Cost Reduction in Supply Chain. Subscribe Here!

Supply Chain and E-Commerce: How Is E-Commerce Changing Supply Chain Management?

Cerasis

Customer service is more important than ever, and customers expect purchases to arrive at record speeds with free or low-cost shipping, says GlobeCon Freight Systems. As a result, e-commerce will have wide-ranging impacts on supply chain management. Fortunately, the Internet of Things (IoT), big data, and fully integrated supply chain systems have the potential to meet these demands, and e-commerce will effectively change supply chain management forever.

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

Cerasis

The type and capabilities of supply chain technology is expanding, and technology will only grow more important in effective supply chain management in 2018. From the increased demand to data-driven decision-making through the industrial Internet of things (IIoT) to the use of cloud-based technologies, supply chain technology will advance light years in the coming months. Supply Chain Visibility Becomes an Independent Technology.

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

Cerasis

Errors in product accuracy, which may occur when the wrong item is shipped out of the facility. The Top Logistics Trends that Will Impact Logistics Management in 2018?. While 79 percent of consumers want free return shipping, up to 62 percent of customers are more likely to shop online if they have the option to return a product in-store. Supply chain managers need to find ways to reach online shoppers and create a personable, memorable experience.

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. Siloed Supply Chains.

What Are the Top Warehouse Management KPIs Every Supply Chain Exec Should Measure

Cerasis

These challenges can be overwhelming, but supply chain executives and managers can simplify the process by tracking these top warehouse management KPIs (key performance indicators). of the digital supply chain. The first set of warehouse management KPIs supply chain executives need to understand revolve around receiving and put-away rates in a warehouse. Shipping KPIs. Shipping KPIs are comparable to picking and packing KPIs.

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

Cerasis

The days of managing supply chains through databases and changing information are over. Although blockchain is often related closely to cryptocurrency, it holds great value for use in supply chain management. Use of Blockchain in Supply Chain and Logistics Will Put Certain Departments at Risk As explained by Connor DiGregorio of Industry Week , blockchain technology carries a degree of risk for traditional supply chain departments.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Technologies Reshaping the Global Digital Supply Chain! Imagine what the future will look like in Supply Chain! There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. The technologies that we are familiar with today, whether they are already in use in our companies, aspirational capabilities or part of some far reaching strategy, provide the platform for the Supply Chain of the future.

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

Cerasis

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. Ultimately, the IoT Supply Chain will enable greater accuracy and identification of potential issues throughout supply chain processes. The IoT Supply Chain and Shipping Processes. The supply chain will adore the IoT.

The Elegance of the Costco Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! I started thinking about the Costco Supply Chain. At its core the Costco business structure is a great example of a lot of Supply Chain principles implemented with great efficiency. What is it that makes Costco’s Supply Chain so effective? Inventory Turnover. Subscribe Here!

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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. IoT Tech is Driving Sustainability in the Supply Chain. But perhaps the most far-reaching changes will center around the use of large data systems to drive sustainability in logistics and supply chains.

What’s the Difference Between Fulfillment and Replenishment?

Supply Chain Game Changer

From Click to Ship in 4 Minutes! People who do not work in Supply Chain may hear the terms Fulfillment and Replenishment and consider that they mean the same thing. Interestingly many people who do work in Supply Chain consider the terms Fulfillment and Replenishment to be synonymous. But what does that mean in terms of the Supply Chain? If you need more material from your suppliers you will send them an order to replenish your supply.

Preparing for the Future of Supply Chains

Talking Logistics

Can you possibly prepare for a supply chain future that may be completely inconceivable right now? This practice rewards forward-thinking—quite literally, in this case—supply chain and warehouse management teams that accept and embrace the change that will revolutionize workflows many times over between now and retirement. However, this strategy involves more than parts of your supply chain watching for simple leaps forward in tech evolution.

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.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to buy goods, and virtually every Supply Chain. Apart from the panic buying are there Supply Chain lessons that we should learn from the Coronavirus pandemic to improve the robustness of Supply Chains in the future?

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Back to Supply Chain Basics: Selling and Servicing Inventory

DSI

The paraphrase I’ve applied to supply chain is “you buy the inventory, you transform the inventory and you sell and service the inventory.” In this last installment, I will concentrate on the basics of selling and servicing inventory. As I’ve said earlier in this series , it all comes down to inventory visibility. In this last installment, I want to explore why visibility is crucial to selling and servicing inventory. Shipping options.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. Why Disintermediate the Supply Chain? Now consider what a Supply Chain entails. Subscribe Here!

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? The Death of the End-to-End Supply Chain. In short, the supply chain is no longer linear, but circular.

This is Not a Supply Chain Storm to Weather!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain Storm article and permission to publish here provided by Bryce Boothby. The supply chain has experienced some instantaneous changes – for both B2C and B2B. Supermarket chains can’t keep their shelves stocked while retailers have warehouses full of unsold inventory. However, now that supply chains are business networks, every impacted link affects the whole ecosystem.

LTL to Intermodal Shipping: How to Find and Eliminate Freight Spend Black Swans

Cerasis

Black swans in the supply chain refer to unexpected, unusual disruptions within the supply chain, reports Melanie Nuce of Inbound Logistics. Shippers need to know why freight black swans are increasing, how using LTL to intermodal shipping options can reduce their incidence, and a few best practices to keep the use of intermodal from becoming a black swan itself.

Peak Shipping Season: A Review of Trends from the 2018 Holiday Peak Season

Cerasis

It is that time of year again when we at Cerasis take a global view of what trends to expect in supply chain management throughout the remainder of the year. 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. Inbound logistics.

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Explaining the Supply Chain Management Software Alphabet Soup: TMS, WMS, YMS, LMS, OMS, & More

Veridian Solutions

Supply chain management software can be confusing at times. For example, take these leading top software applications used in supply chain execution: transportation management system (TMS), warehouse management system (WMS), yard management system (YMS), labor management system (LMS), order management system (OMS), enterprise resource planning systems (ERP), and software-as-a-service (SaaS). Create the Right System Lineup for Your Supply Chain by Working With Veridian.

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

Logistics Bureau

The success of your business links inextricably to the performance of your supply chain. you have to make your supply chain successful too. Supply Chain and Business Success By the Numbers. According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. The Top 7 Supply Chain Points to Address for Business Success. .

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

Supply Chain professionals however are uniquely positioned to make dramatic impacts on the environment. In Supply Chain we are involved in the entire breadth of activities in most any company. As such we have the direct or indirect ability to take actions which can promote environmental sustainability, reduce carbon footprint impacts, and drive the creation of the Green Supply Chain. The Supply Chain Environmental Model. Subscribe Here!

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.

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

Freightos

Over the past month, we’ve been posting supply chain predictions, brought to you by some of the most creative thinkers in the industry, including Joel Clum of CarrierDirect , Martijn Graat of LogisticsMatter.com and Steve Brady of Supply Chain Innovations Today. Today, we’re proud to present Cathy Roberson’s… 3 Technology Trends Changing the Supply Chain (2015-2020) Part IV. What roles will this play in supply chain?