Step up ROI from Reverse Logistics in Supply-chain Management

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Step up ROI from Reverse Logistics in
Supply-chain Management
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• With the advent of integrated networks comprising
  numerous stakeholders in favor of isolated
  business units, effective supply chain management
  is necessary. Even though a majority of planning
  and strategy is directed towards forward
  logistics, reverse logistics is not a new notion
  to businesses. The flow of returned goods through
  a supply chain constitutes the reverse logistics.
  A typical misbelief surrounding reverse logistics
  is that it is over the odds and fruitless. A
  well-structured supply chain management, however,
  incorporates a strategic movement of returned and
  damaged goods to reclaim their value.
• https//erpsolutions.oodles.io/blog/reverse-logist
  ics-supply-chain-management/

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• Reverse Logistics in Supply-chain Management
  Explained
• The existence of functional reverse logistics in
  a supply chain is inevitable. Be it enhancing
  customer satisfaction or maximizing utilization
  of materials and finished goods, reverse
  logistics ensures it.
• A reverse logistics supply chain environment must
  be augmented with an efficient inventory to
  ascertain the balance between supply and demand.
  At the same time, it demands coordination between
  return, disassembly, recycle and assembly units.
• Step up ROI from Reverse Logistics in
  Supply-chain Management
• To avoid an accumulation of returned products, it
  is important to have an advanced analytics system
  in place. Evaluation of patterns in sales,
  returns, and complaints aids assimilation of
  products and practices as per customer demands.
  It includes forecasting supply/market demand
  patterns to formulate customer retention
  strategies and a fully automated product routing
  for cost-effectiveness.
• Nothing determines customer loyalty better than
  easy returns and exchange. Enterprises thus need
  to streamline reverse logistics operations and
  schedule frequent maintenance activities to get a
  competitive edge in the market. For this, they
  need an efficient reverse logistics and supply
  chain software development.