Change in the Chain - Reclaiming Value Through Reverse Logistics

Reclaiming Value Through Reverse Logistics

The term "reverse logistics" applies to the process of moving goods for the purpose of extending the product's lifecycle, recapturing value, or ensuring proper disposal. A key part of a company's inbound shipping, reverse logistics encompasses everything from returns policies and procedures to product repairs, refurbishment, recalls, recycling, and product disposition. Recapturing profits is a big piece of the reverse logistics puzzle. How big? The electronics industry spends more than $14 billion on returns every year, yet those companies that do not have a well-managed reverse logistics program could be losing more than 50 percent of the returned inventory value. By not paying attention to the reverse logistics side of the supply chain, companies could be overlooking billions of dollars in missed opportunities. Another key piece of the reverse logistics puzzle -- proper ...

Full article: http://www.ebnonline.com/author.asp?section_id=1062&doc_i...