Functions of Reverse Logistics Systems
We all are aware that logistics is a part of supply chain management system. Where as logistics entails the forward movement of goods within a supply chain, reverse logistics on the other hand can manage the reverse management of products. In other terms, it refers to returns management within supply chain function. Reverse flow is an essential as the forward movement of the supply chain. By estimating a consumer supply chain process flow, you can arrive at the conclusion that reverse flows are crucial within a supply in order to recover the product expense comprehensively.
Reverse logistics also takes into consideration the moving of goods from one point to the other. The difference likes in the fact that it shifts from the point of consumption to the point of origin. The process of Reverse Logistics is defined as '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 point of origin for the purpose of recapturing value or proper disposal' by the Reverse Logistics Executive Council.
The two essential aspects of the retail industry today are retail distribution and retail packaging. Keeping this in mind efficient revere logistics solutions enables the retailers to remarket comprehensive systems, attain full or partial recycling, and modifying the old assets into valuable investments. Today eminent service providers of reverse logistics offer a complete package in logistics solutions that are customized to cater to the modern day requirements. With these solutions you are able to spot outdated revisions and constituents instantly, save the expense of warehousing stock that is decayed and remain compliant.
Innovative integrate reverse logistics management system efficiently renovates a wide selection of goods within a less time and gets them back into operation, after being tested according to certain standards. Reverse logistics services offered by popular service providers include the following:-
Finally, reverse logistics helps us product recycling to be able to recapture the value of the product and its disposal. All returns are not required to be financial write offs. Some can be renovated, modified and resold. In some situations, a part of the good too can be remanufactured or recycled. This apart, reverse logistics also plays an integral part in some enterprises in asset disposition to safeguard the environment and recover the information from IT hardware for averting data thefts.