GlobalTranz

FEBRUARY 24, 2021

Among these, an integrated return management strategy can make or break successful operations. Fortunately, supply chain leaders can take several key actions to address these issues and improve their returns management operations. Use Real-Time Data to Inform Your Returns Management Strategy.

Resource Reduction 276

Resource Reduction Cost Reduction Strategies Inventory Reduction Supply Chain Planning Software 276

ModusLink Corporation

DECEMBER 18, 2023

Worldwide shipping, remote flying packages vector Introduction: In the dynamic landscape of e-commerce, businesses grapple with multifaceted challenges, and chief among them is the management of returns. During peak seasons or post major sales events, businesses commonly contend with a surge in returns.

Inventory Management Software 78

Inventory Management Software Optimization Software Analytics Software Modeling Software 78

Logistics Viewpoints

JANUARY 4, 2022

Each year in the United States, the return of goods purchased for the holidays usually peaks on one day in early January; the volume is so significant the day has been designated National Returns Day. This year, due to an increased number of e-commerce purchases, retailers and shippers will experience National Returns Week.

Logistics Network Optimization Software 216

Logistics Network Optimization Software Supply Chain Design Software Forecasting Software Predictive Analytics Software 216

Enterra Insights

DECEMBER 26, 2022

Before the age of e-commerce, department stores dutifully opened a special post-Christmas customer service section dedicated to handling returned products. Those customer service windows still exist; however, many after-holiday returns are now made via e-commerce channels. The Returns Conundrum. Maybe it doesn’t fit. ”[2].

Pricing Training 130

Pricing Training Purchasing Skills Purchasing Training Procurement Solutions 130

ModusLink Corporation

MARCH 30, 2023

Returns Management Returns management remains a vital part of today’s supply chain processes. 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. It’s not enough to hope customers don’t return products; they will.

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

Logistics Viewpoints

OCTOBER 20, 2021

And finally, what can retailers do to get ahead of the looming returns season? Returns Management. The other retail trend is making the returns process easier. Retailers need a clear returns strategy and one that makes the process clear and easy for consumers to follow. Are returns free or do they charge?

Supply Chain Network Software 191

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Supply Chain Software 191

GlobalTranz

JULY 13, 2020

Supply chain professionals continue to see a steady flow of product returns. Unfortunately, companies cannot simply slam the door on product returns. The post Product Returns: How Next-Generation Capabilities Improve Reuse, Reclamation, and Resale appeared first on Transportation Management Company | Cerasis.

Reverse Logistics 207

Reverse Logistics Supply Chain Execution Transportation Management Supply Chain 207

BlueYonder

JANUARY 16, 2024

I want to talk about how a specific subset of retail customer data is insanely important and underutilized to deal with one of the biggest cost pressures in retail: returns. Here are a bunch of questions retailers probably ask themselves already when it comes to returns: Why is this customer returning this product?

Data 79

Data Logistics Network Optimization Software Predictive Analytics Software Purchasing Skills 79

Locus

NOVEMBER 28, 2023

Returns is an integral component of logistics and supply chain management. For shippers, effectively managing returns is crucial, as it directly impacts customer satisfaction and a company’s bottom line. In e-commerce, where returns are inherently frequent, developing a streamlined and efficient returns process is vital.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Price Mitigation Strategies Reverse Logistics 52

Operations and Supply Chain Management

FEBRUARY 28, 2024

WHAT HAPPENS TO ALL THE STUFF WE RETURN Think your rejects go back on the shelves? For some online apparel retailers, returns now average 40% of sales. Steady growth in internet shopping has been accompanied by steady growth in returns. Returns of large-screen TVs surge immediately following the Super Bowl. Think again.

Reverse Logistics 75

Reverse Logistics Purchasing Skills Logistics Network Optimization Software Eliminating Excel in Purchasing 75

Talking Logistics

OCTOBER 14, 2021

This is particularly true when it comes to reverse logistics and returns management, which I’ve called the migraine headache of e-commerce. Why is transforming returns management more important. Read more How an RMS Helps Optimize E-commerce Returns Management.

Optimization Software 130

Optimization Software Supply Chain Optimization Price Mitigation Strategies Reverse Logistics 130

All Things Supply Chain

AUGUST 29, 2022

Your eCommerce returns policy is critical to convincing consumers to click the Buy button. Online shoppers need to know how easy it will be to return items that don’t meet…

Inventory Reduction 95

Inventory Reduction Supply Chain Strategy Strategy Price Mitigation Strategies 95

Loginext

MARCH 5, 2024

Investors constantly seek avenues to maximize their returns for Global commerce. Learn how how investors can leverage this technology to optimize their supply chain returns. The post Maximizing Investment Returns: Harnessing Generative AI for Supply Chain Visibility Software appeared first on loginextsolutions.com.

Supply Chain Software 79

Supply Chain Software Supply Chain Visibility Optimization Software Predictive Analytics Software 79

SCMDOJO

JANUARY 17, 2024

Unfortunately, the majority of them miss one of the critical aspects of the supply chain – the Return Management of goods. The bad news is that almost 30% of online purchases are returned. There may be numerous reasons behind it, but it discourages the customers if the return process is complicated. What is Returns Management?

Inventory Reduction 86

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

Supply Chain Brain

SEPTEMBER 25, 2023

In order fulfillment and many other supply chain functions, artificial intelligence is now an indispensable asset in improving the quality and efficiency of returns for high-volume direct-to-consumer operations.

Quality 83

Quality Supply Chain Supply and Demand 83

Unleashed

FEBRUARY 21, 2024

Returns can be a major problem for the business. The costs of additional labour and customer support can dig into your profits, and identifying fraudulent returns is never easy. The returns management process ensures that all customer returns are handled promptly and efficiently. Let’s break this down into simple steps.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

GlobalTranz

AUGUST 11, 2020

Returns management within e-commerce have always been significantly higher than brick-and-mortar stores. The post 5 Returns Management Opportunities Through Digital Tech | Fast Feight Five VIDEO appeared first on Transportation Management Company | Cerasis.

Video 156

Video Reverse Logistics Transportation Management Supply and Demand 156

Enterra Insights

OCTOBER 22, 2021

The bane of e-commerce is the large percentage of purchased items that are returned. As noted in the initial installment of this article, Elise Dopson reports, “Data suggests that 20% of online-bought products are returned, compared to just 9% of items bought in a brick-and-mortar store.”[1] Making the Best of a Growing Challenge.

Waste Reduction 130

Waste Reduction Cost Reduction Strategies Reverse Logistics Eliminating Excel in Purchasing 130

Supply Chain Brain

DECEMBER 28, 2023

The solution is not eliminating free returns, but fixing convoluted supply chains and collaborating with shippers to make reverse logistics more affordable.

Reverse Logistics 105

Reverse Logistics Policies Retail Supply Chain 105

Enterra Insights

OCTOBER 21, 2021

For decades, retailers have dealt with a slew of post-holiday returns. Before the advent of e-commerce, retailers simply beefed up their returns department to deal with the long lines of unhappy consumers returning unwanted ties, ill-fitting clothing, or other unwanted items. Return Strategies are Becoming More Important.

Reverse Logistics 130

Reverse Logistics Cost Reduction Strategies Material Savings Manufacturing Procurement 130

3PL Insights

DECEMBER 13, 2021

It’s estimated that 30% of products ordered online are returned. According to data gathered by Loop Returns , that number increased by 41% for online orders during the holidays in 2020. Brands and retailers understand the importance of a positive customer experience, especially when consumers are returning products.

Supply Chain Design Software 98

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

3GTMS

AUGUST 15, 2022

The post 3PL Logistics – 5 Tips to Guarantee 10x Returns in 2022 appeared first on 3GTMS. But with so many 3PLs, how do you know which one is right for your business? And once you’ve chosen a provider, how can you be sure that it will live […].

3PL 130

3PL Logistics Supply Chain Company 130

Talking Logistics

AUGUST 3, 2021

A consumer buys two different shirt sizes online and returns the one that doesn’t fit. A retailer returns pallets of unsold merchandise back to the manufacturer. As consumer purchasing habits continue to favor online channels and as B2B ecommerce transactions grow faster, the scale and complexity of product returns have skyrocketed.

Manufacturing Procurement 130

Manufacturing Procurement System Retail Manufacturing 130

Enterra Insights

DECEMBER 26, 2019

The holiday shopping season actually ends with the holiday returns season. 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. E-commerce return rates have spiked 95 per cent in the last five years. ”[3].

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100

Arkieva

JANUARY 10, 2023

Businesses can almost guarantee a jump in returns following the holidays. How can you account for returns in your demand forecasting? Surviving the Impact of Holiday Returns on Demand Forecasting was first posted on January 10, 2023 at 8:20 am.

Forecasting 78

Forecasting Supply and Demand Supply Chain Planning Supply Chain 78

IT Supply Chain

APRIL 18, 2023

By Andrew Tavener (pictured) Head of Fleet Marketing in Europe, Descartes Systems Group The post Managing the perennial problem of returns appeared first on IT Supply Chain.

Europe 88

Europe Groups Supply Chain System 88

Supply Chain Game Changer

FEBRUARY 22, 2022

As compared to every other term around, GST is arguably the most important one to take note of, not just due to payable nature but due to the fact that GST returns must be filed religiously for the authorities to determine your tax liabilities and the final sum that is to be paid. What Do You Mean by GST Returns? Wrapping Up.

India 93

India How To Government Logistics Network Optimization Software 93

BlueYonder

JANUARY 18, 2024

When it comes to improving e-commerce returns, retailers will often think to change the length of time customers have until they’re no longer allowed to return an item, or begin offering free returns postage. Frequently, it can take longer than 30 days for returned products to actually get back into stock.

Logistics Network Optimization Software 57

Logistics Network Optimization Software How To Supply Chain Software Retail 57

IT Supply Chain

NOVEMBER 16, 2023

pictured) Head of Consumer Research, ParcelHero The post Store Wars: Return of the Cashier, or The Self-checkout Strikes Back? By David Jinks M.I.L.T. appeared first on IT Supply Chain.

Research 97

Research Supply Chain Supply and Demand Industrial 97

CHAINalytics

OCTOBER 6, 2022

Over-application of lean … The post Going ‘Lean’ Brought Us to Diminishing Returns, Resilience Will Serve Us Better appeared first on Chainalytics.

Agile and Lean Supply Chain 149

Agile and Lean Supply Chain Lean Supply Chain Planning Supply Chain 149