Realise the importance of reverse logistics and save money reverse logistics or reverse supply chain management is nothing new, in fact, it has always been considered a necessary evil for product returns and recalls. At the same time, trends such as omni-channel retail and tighter regulation are making reverse logistics increasingly complex better use of data, a more end-to-end perspective, and prevention programs are helping to reduce return rates for some operations, but there is still room for improvement. A synchronized supply chain to now include forward traditional logistics, inbound logistics, and reverse logistics transparency in supply chain operations across your network automatic consolidation of data from partners and systems.
3 reverse logistics welcome to pricewaterhousecoopers' first reverse logistics report in the consumer electronic industry this report is designed to help companies in the consumer electronics industry to better explore, understand and share the ideas about today's pressing business and strategic topic: reverse logistics. However, reverse logistics as a research field is relatively new a body of knowledge is beginning to develop around the reverse logistics field which only emerged within the last two decades or so especially during the last decade, reverse logistics has obtained recognition both as a research field and as a practice. Reverse logistics is the term for any operation relating to the reuse of materials and products essentially, it involves the moving of goods from the final destination of their normal logistics process in order to capture value or properly dispose of them.
Reverse logistics how to realise an agile and efficient reverse chain within the consumer electronics industry connectedthinking integrated supply chain solutions. A reverse supply chain represents the products collected from consumers and businesses and returned back to manufacturers, often via distributorsreverse logistics is the process of planning, implementing and access document. Exhibit 411: reverse logistics framework for improvement 4 how to realise an agile & efficient reverse chain this preview has intentionally blurred sections sign up to view the full version. Reverse logistics is how companies manage the flow of returned and excess merchandise moving through the supply chain despite a demand for fair returns policies , the reverse logistics process isn't necessarily a consumer concern. The reverse logistics group (rlg) is a 145 million euro global 4pl service provider specializing in the design and operation of tailored end-to-end solutions for all aspects of product take-back.
The reverse logistics magazine is a monthly digital publication of the reverse logistics association with a circulation of 90,000 readers worldwide reverse logistics is a process that crosses all industries including high-tech, retail, medical, pharmaceutical, automotive and aerospace, just to name a few. Reverse logistics performance will not improve if you allow returns to sit in storage for indefinite periods in some cases, returned goods which might otherwise have been resalable can end up obsolete, robbing your company of the chance to realise some revenue. In the world of freight logistics reverse logistics presents a huge operational challenge due to the large volume and cost of processing returned items the number of returned goods going backwards through the supply chain is higher than people normally realise. According to the european working group on reverse logistics (2004), reverse logistics is the process of planning, implementing, and controlling flows of raw materials, in-process inventory, and finished goods, from a manufacturing, distribution or use point to a point of recovery or point of proper disposal. Reverse logistics - effective returns management in an integrated supply chain part 5 in our series on back to basics - managing the basic supply chain functionseffective returns management in an integrated supply chain.
In the white paper published by pwc, named reverse logistics: how to realise an agile and efficient reverse chain within the consumer electronics industry, (may 2008), focussed on examining the value drivers that trigger. Reverse logistics or the reverse supply chain refers to the processes associated with managing products beyond manufacturing and the final sale typically this includes repair, warranty recovery, redistribution, value recovery, end-of-life recycling or any combination of these activities. I have given usage descision to a lot, which has moved the inventory from a location with qi status to another location unrestricted, and i realise that it was a wrong batch number i used, how to reverse this entries jerome //----- interested in this message. Column growing importance of reverse logistics prof samir k srivastava reverse logistics is the process of moving a product from the consumer to the manufacturer, or any other stage in the supply chain, for re-use or proper disposal. Because manufacturers believed in the product, they did not expect to see many of them return, so reverse logistics became the stepchild of many business logistics operations for the last decade, however, companies have started to realise that reverse logistics is an important part of the logistical chain.
It is important to realise that clscm does not necessarily mean that material on the 'way back' does not necessarily follow the same path, in reverse, as material on the 'way there' dyckhoff et al scm and rl 2004 proposes the following diagram to represent the clsc. The difference is that reverse logistics encompasses all of these activities as they operate in reverse therefore, reverse logistics is: the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the. Reverse logistics systems are vital to the proper removal and disposal of residue and unserviceable items reverse logistics is a doctrinal supply chain term describing how byproducts and other materials are returned through the original supply chain in order to recycle, refurbish, or ensure proper disposal. The combination of process complexity and low priority of reverse logistics typically means little attention is given to improving the returns process as a result, warehouse managers tend to treat it as a necessary evil.
Since reverse logistics is a relatively new research and empirical area, there are other literature terms, like reversed logistics, return logistics and retro logistics or reverse distribution, sometimes referring roughly to the same. The bottom line: leading-edge companies, and those aspiring to be leading-edge, need to understand that getting reverse logistics right is as vital to overall performance and profitability as forward logistics - and that true end-to-end supply chain management is the key to long-term success.
Integrated supply chain solutions may 2008 reverse logistics how to realise an agile and efficient reverse chain within the consumer electronics industry.