The Importance Of Reverse Logistics In Your Supply Chain Network
Reverse logistics is an integral part of your supply chain network and is also an important factor to monitor the life-cycle of your products after they reach the final consumer. Reverse logistics includes the process of determining how your product could potentially be reused, how it should be disposed of appropriately after usage, and any other method by which your expired product can provide value. Return of items from the end customer to the producer is known as the process of reverse logistics and has the greatest immediate influence on supply chains. While there are many companies in the market that regard the return process as a necessary evil that should be ignored. On the other hand, there are companies that establish a successful reverse logistics network that has a lot of advantages. Some of those advantages are as follows: Cost Savings You can save by cutting your expenses that are associated with returns by preparing ahead of time and correctly ordering return...