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4 Key Strategies of a Solid Reverse Logistics Plan

ShipLilly

The rate of return for products, otherwise known as reverse logistics, can be mitigated when suppliers work to improve the speed, cost, and efficiency of shipping goods. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. Use of Data and Information.

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9 Benefits of Effective Reverse Logistics Process & 5 Advantages of Partnering with a 3PL

GlobalTranz

While conventional logistics optimizes the flow of goods from producer to consumer, reverse logistics manages the processes for inverting that flow to deal with returned parts , materials and products from the consumer back to the producer. 5 Benefits of Reverse Logistics Management for Asset Recovery.

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The 2024 Third-Party Logistics Study: Shippers, 3PLs Draw on the Power of Partnerships

Penske Move Ahead

It also takes a deeper dive into specific industry issues, including data and analytics, technology, reverse logistics and the talent crisis. The Power of Partnerships The transportation and logistics markets have experienced significant swings in capacity, which has shifted the power dynamic in 3PL and shipper relationships.

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7 ways technology augments effective procurement in the shipping industry

FreightWaves SONAR

That will inevitably mean shippers and brokers will need to find new ways to procure transportation for both forward and reverse logistics. In fact, with reverse logistics peak season upon the industry, data to understand reverse logistics procurement in the shipping industry is even more valuable. .

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Return to Success: Streamlining Returns in the Supply Chain for Enhanced Efficiency

Speaker: Cathy Morrow Roberson, Research Manager for the Reverse Logistics Association

Businesses need to leverage advanced tracking systems and data analytics to identify bottlenecks and improve supply chain visibility. While establishing efficient communication channels with suppliers and empowering customers with comprehensive return information can be challenging, it is attainable with the right approach and tools.

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

Stord

More partners require significant overhead and capital to maintain." - Sarang Damle, Group Product Manager, Orders & Inventory Data and Service Capability Silos "Supply chains are too often built in and operate from silos. There are silos responsible for "manufacturing" and "inbound planning" (international/customs).

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Quantum-Powered Solution Tackles Logistics Optimization

Logistics Business Magazine

Unisys Logistics Optimization uses pre-trained models to generate answers to complex queries in seconds. Traditional computational tools would require years to collect and learn from operational data to produce similar results. This represents a substantial leap forward, as this rapid turnaround was not possible previously.