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4 Key Strategies of a Solid Reverse Logistics Plan

ShipLilly

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. 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.

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The Role of Supply Chain Visibility, Traceability & Intelligence

CLX Logistics

Moreover, SCV is not just about tracking—it’s about gaining actionable insights to help businesses anticipate needs and adjust strategies accordingly. Increased Speed: SCV helps streamline operations by integrating real-time data, facilitating quicker decision-making and turnaround times.

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How manufacturers can adopt a sustainable supply chain

SYSPRO Smarter ERP

A sustainable chain involves implementing sustainable practices at each stage of the supply chain, from raw material sourcing and production to transportation, distribution, and end-of-life disposal. Extend what is already made – repair and maintain products to maximize their lifetime; implement a return strategy when applicable.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Due to the workforce layoffs, consumers have less disposable income.

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How can the Logistics Industry Unlock its True Potential?

Logistics Business Magazine

Transportation and the logistics industry serves as the lifeblood of today’s modern economy, binding together businesses, streamlining supply chains, and championing eco-friendly initiatives on the path to achieving net-zero emissions. However, transportation has seemingly lagged behind and it has been that way for some time.

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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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Why Reverse Logistics Systems and Transportation Management Should Be Considered Together

GlobalTranz

However, forward logistics management skills (involving original production and distribution of new products) may scarcely apply to reverse processes of moving products from buyers’ locations in order to recover remaining value or appropriately dispose of items. Use the 3PL checklist to identify your company’s resource needs.