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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.

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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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.

What Your Inventory Reveals about Your Reverse Logistics

PLS Logistics

Supply chains share common goals: increase productivity, reduce costs, mitigate risks. 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. The Importance of Reverse Logistics. Logistics Transportation Supply Chain Inventory

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.

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 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. If you are in supply chain management long enough, you’ve probably experienced many attempts at tackling this problem. This, of course, has only increased the complexity of the problem for supply chain teams. First: Direct returns to the optimal place in your supply chain network.

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

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

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. As such it was many years before I actually heard of the term “Supply Chain Management” Regardless I pursued my interests and took on an increasingly diverse set of progressive jobs as time went on. What Makes Supply Chain Special? Subscribe Here!

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Supply Chain as a Service (SCaaS)!

Supply Chain Game Changer

This was my first experience with Outsourcing, or what I refer to as “Supply Chain as a Service” (SCaaS). 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. But beyond just software virtually every other aspect of Supply Chain is available as an outsourced, on-demand service.

Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. The age of technology has the potential to dramatically reduce inefficiencies in the supply chain.

The Most Reliable Supply Chain…Without Technology?

Cerasis

Of course, we live in a high technology powered supply chain world, but often, as we noted in our 5 Upfront LTL Tips post, if you don’t remember the basics and best practices, no technology is going to fix those issues, but only make them more apparent. We hope you enjoy this great story about supply chain without technology. . Is your supply chain running as effectively as it should be? Do you carry too much inventory?

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

Cerasis

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. Although effective in the supply chains of the past, the effects of e-commerce require more than this siloed approach.

Pursuing a Career in Logistics and Supply Chain

Logistics Bureau

The truth be told, the supply chain management profession is extremely broad and the range of jobs in the industry is vast. Load Planner: The holder of this post oversees the loading of customer’s orders into trucks and also plans transport routes. Logistics Manager.

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

Products that are damaged during transportation. The Top Logistics Trends that Will Impact Logistics Management in 2018?. How Offering Returns in Stores for Online Purchases Benefits a Company Offering e-commerce in-store returns for online purchases meets the flexibility, speed, tracking, and automated alert requirements for improving omnichannel experiences , as noted by Supply Chain 24/7. E-Commerce Logistics Reverse Logistics

Minimizing Supply Chain Disruption Through Analytics: A Brief Guide

Cerasis

Using analytics in the supply chain has the most potential to dramatically reduce costs of supply chain management, as well as minimizing supply chain disruption. Unfortunately, the upfront investment costs for deploying the technology necessary to use analytics can be difficult to justify, so Warehouse Managers need to know a few things about house analytics to enable the minimization of supply chain disruptions. Supply Chain

The State of Supply Chain Trends Part III: Circular Supply Chains, Collaboration, and Risk

Cerasis

Supply chains have traditionally followed a linear path, manufacturing products and sending them through warehouses and distribution centers to consumers. However, the age of the internet and omnichannel sales has created vast opportunities to change how the supply chain functions, creating more cohesive, collaborative, and circular supply chains. More companies were taking steps before 2016 to improve collaboration across entire supply chains.

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Building a Return Management Strategy for this Holiday Season

CH Robinson Transportfolio

Just as important, the way you manage returns plays a key role in your supply chain and in your customers’ perception of your company. 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.

Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. However, the applications of wearable technology in the supply chain have grown beyond the computer-generated voice that spoke way too fast, way to monotone, and way too annoying. Today, wearables are becoming increasingly popular, and these devices have the potential to radicalize the typical supply chain in forward and reverse logistics processes.

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.

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. Reverse Logistics KPIs. Inventory Accuracy. Supply Chain Warehouse

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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

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. The transportation of goods is one of the greatest contributors to worldwide greenhouse gas emissions. This will lead to fewer demands on reverse logistics systems as end users will seldom find occasion to return products back to the vendor.

Should I Consider Outsourcing Supply Chain Processes?

ToolsGroup

If your New Year’s resolution is to lose some weight, consider outsourcing supply chain processes. Now companies have started outsourcing supply chain business processes like planning, direct procurement, order management, inventory optimisation and reverse logistics. Dealing with supply chain planning issues can be deadly. This leads to immense pressure on your supply chain. Supply Chain Planning

How to Prepare Transportation for Holiday Returns

PLS Logistics

Establishing an effective reverse logistics process allows retailers to minimize processing costs and increase the recovery value of returned goods. Supply chain managers will face more complexity during the holiday season, Pitney Bowes 2015 Holiday Shipping Survey shows. Freight Inventory Customer Experience Omni-ChannelThe holiday season is upon us, and retailers must be prepared to avoid seasonal challenges.

The Supply Chain Gender Pay Gap is Narrowing!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. With the increased prominence of Supply Chain, Logistics and Procurement within organizations, is compensation increasing? and their equivalent of Supply Chain Canada). Subscribe Here! Email Address.

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

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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Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). How to Root Out Data Silos and Build a True Digital Supply Chain – Without Starting from Scratch.

Want to Improve Supply Chain Performance and Profitability?

OneSCM

Acknowledge and Address the (Real) Root Cause of Your Supply Chain Data Silos. In a well-optimized supply chain ecosystem, information flows in all directions, as well as to and from suppliers. However, supply chains inherently rely on many different links in the chain and, therefore, different business systems are in use (ERPs, WMS, TMS, etc.). How to Root Out Data Silos and Build a True Digital Supply Chain – Without Starting from Scratch.

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!

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Subscribe Here!