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How to Use Data to Fuel Your Retail Reverse Logistics Strategy

GlobalTranz

Returns may derive from buyer’s remorse, damage to items, defects, end-of-life disposal, and even recycling. Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. Increased speed in managing repairs.

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Where Is the Freight?

FreightWaves SONAR

Unfortunately, it isn’t going to magically appear on your board — you have to know how to find it. SONAR tender data and TRAC (Trusted Rate Assessment Consortium) spot rates can really set you apart from the competition when talking to your customers. All of these markets saw a great deal of volatility during this period.

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What is Reverse Logistics?

GlobalTranz

According to the Council of Logistics Management, it is “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.

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What Could Crush Your Supply Chain and Jeopardize Your Business This Year?

Stord

From our daily engagement (and years of deep industry experience), these are some of the issues that should prove most impactful this year, and some ideas on how to overcome some of those challenges. For example, the price of 42# linerboard has gone up 35% in the last 12 months, over the course of 4-5 price increases.

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4 Key Strategies of a Solid Reverse Logistics Plan

ShipLilly

Figuring out how to handle these returns has been a challenge facing suppliers all over. Electronics that are returned get disposed of and sent elsewhere where roughly 95% of those returned products are merely resold rather than written off as a loss. Use of Data and Information.

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[INFOGRAPHIC] How to Become a Freight Broker: Your Ultimate Guide

GlobalTranz

How to start a freight brokerage. Getting the top freight broker training books is also important, so you can always refer to them when you’re unsure how to go ahead. You’ll also pick up practical knowledge about the work of a freight broker, and learn how to work with shippers, and how to handle shipping rates negotiations.

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7 Reasons to Outsource Returns

Ship Monk

Even if you don’t agree, you might glean a few tips on how to improve your own process. Products not suitable for resale by the merchant might be shipped to a reseller or liquidator, donated, recycled, or disposed of. Speed Of course, it helps if the same company that’s handling your fulfillment is also handling your returns.