Reverse Logistics – Best Practices to Ensure Effective Returns Processing
Many companies fail to measure their returns process with the same fervor that is used for outbound distribution. Reverse logistics is no doubt a crucial and growing part of a company’s supply chain process and involves the business of returning, exchanging, repair, refurbishment and remarketing products. For most companies the priority is to make sure that the goods get out and therefore a majority of companies do not understand the value of returns to their revenue.
Return logistics offer an opportunity for improving visibility and profitability while lowering costs in the supply chain. To ensure that there is neither wastage nor any shortage it is necessary to keep in mind the practices. Your enterprise needs to know of the best returns management practices that should be employed by your enterprise to ensure effective returns processing.
- Choose the Right Solution
A vital step in ensuring effective returns processing, is choosing a choosing a returns management solution that manages the entire process of returns logistics in an efficient manner. The solution should be efficient enough to get the products back into the testing field in minimal time.
- Eliminate costly hand offs
One of the best ways of dealing with returns management is having an information intelligence tool which can be a huge asset for an enterprise. Costly handoff can be eliminated with an efficient and integrated system, which also diminishes the process time for inventories. Thereby the value recovery system of an enterprise can be increased.
- Partner with an expert solution provider
There are a lot of benefits of partnering with a supply based management solution provider. A solution provider can deal with issues pertaining to advance replacements, customer collections, and swaps. The solution provider can also facilitate the management of returns exceptions, and be able to link financial transactions and offer easy ways and means to aid returns receipts and reporting.
With a consistent logistics management system the entire retail supply chain can be optimized to reduce costs and leverage efficiency. With the retail fulfillment solutions, retailers can now achieve positive results. Every enterprise must seek a solution that is scalable and web-enabled to ensure best returns management. With an effective solution, the multi-channel returns management authorization processes can be streamlined. Retailers now are realizing the advantages of adhering to the best practices in retail logistics. With the best practices, there can be quick delivery responses, better control of processes and enhanced forecasting capabilities.
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