Reverse Logistics Solutions – Effectively Dealing with Returned Inventory

Reverse logistics have always occupied a low place on the logistics priority list. In any enterprise, products that are returned by the customers back to the company need to be taken into account. And this aspect has been a long ignored part of the supply chain, although the reuse of products and materials is a common phenomenon. The reverse supply chain reduces operating costs by reusing products or components, making it one of the most fundamental reasons behind companies giving importance to the same, making it a significant part of a business. 

  Although supply chain solutions are concerned with the flow of raw materials and finished goods, its scope extends beyond this to include reverse flow of unsold finished goods, parts and packaging materials from the point of consumption at customer’s end back to the organization. In today’s competitive business environment reverse logistics and returns management is of great importance as it tracks from where and why goods are being returned. The key aspects of returns include the source of the returns and reasons for the returns. If you understand why returns occur it helps identify opportunities for improving supply chain processes and decision-making. The goal is to identify why returns are happening and work to reduce their volume.  

  With an integrated reverse logistics management tool: there is complete end- end visibility throughout the complete cycle and includes all parties involved in the reverse supply chain flow. Effective reverse logistics management can improve a firm’s profitability, enhance customer relationships, and be an essential part of an integrated supply chain management strategy. 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. Reverse logistics management has become a strategic asset that can reduce costs and deliver a high degree of functionality.  

  Look for a solution that has experience at refurbishing a vast array of products in minimal time and get  them back into the field tested. The solution must also provide scale, efficiency and speed, and have the capacity to take the complexities out of dealing with inbound product, particularly products that have been opened and, in many cases, used. To help minimize returned inventory, and turn it back into cash fast choose your solution wisely. 

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