Importance of Reverse Logistics in SCM
Today, as supply chain management (SCM) activities are gradually evolving and generating modifications in the business models, the concentration and initiatives are not just limited to raw materials management and finished products from the point of origin i.e. from the vendors to plants and finally to the end users. There is yet another important extension to the supply chain process, known as reverse logistics.
Simply put, reverse logistics is the procedure of dealing with processing, planning and the flow of the final finished products inventory, packaging materials. It also deals with returns management or returns good management, where the product shipped to the end user is returned back to the product company as sales return. Efficient reverse logistics planning recaptures the value from these materials in the best possible ways such as by repairing, recycling, re-furbishing and so on.
Industry offering for reverses logistics
Total eminent brand names specializing in retail fulfillment has introduced effective reverse logistics solutions. This helps you to remarket complete systems, main constituents, attain total or complete recycling as well as convert your old assets in valuable investments. Reverse logistics services offered by these companies offer a complete package with customized solutions to cater to all your requirements.
Once you make use of this solution, you can detect the outmoded revisions and components instantaneously, save the warehousing stock expenses that went stale and remain compliant. Furthermore, it efficiently re-furbishes a wide selection of goods within a nominal time and makes them ready to get back to the field as per certain reviewed standards. All this can be attained within just 24 hours. Other services offered includes the following:-
- RMA Support
- Warranty Returns
- Lease Returns
- Refurbishment
- Test and Debug
- Repackaging
- Fulfillment
- Disposal (remarketing, recycling)
- Web Based Inquiry and Reporting
Global trends in Reverse Logistics
In the recent past, there has been an increase in the global awareness about hazardous waste generation and disposal owing to legislations that were passed in numerous countries. Europe was the leader in executing this legislation ensuring that the product enterprises will take accountability of reverse logistics of all the product wastage that generates from any supply chain activity. In this regard, a Green Logistics initiative came into enforcement and had defined a detailed procedure for manufacturers and suppliers to get used to color coding systems to recognize various kind of waste recyclable and green waste.
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