Examples Of Reverse Logistics

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Introduction
Reverse logistics is a concept that has attracted considerable attention in the recent past because of the new interest in its processes. The increased interests in reverse logistics occur regardless of the little information regarding the size and extent of reverse logistics processes and activities. As the interests on reverse logistics have grown, the concept and its processes have been characterized by the emergence of new trends and practices. The focus of this project is to describe the current state of reverse logistics and attempt to determine and evaluate trends and practices. The determination of the recent trends and practices in reverse logistics incorporates examining the degree of its activities and processes …show more content…

Unlike forward logistics, reverse logistics is planning, implementing and controlling effective and cost effective flow of materials from consumption point to its origin or source in order to bring back value or for effective disposal. This implies that reverse logistics basically entails events that are crucial to regain, transport, and dispose products. In this case, products are transferred backward from the customer and incorporate the flow of information linked to credit and tracking procedures. This means that a complete supply chain management system entails both forward and reverse logistics inventory management. Despite the difference from the conventional, forward or outbound logistics, reverse logistics is much wider and incorporates a series of assets, which have huge impacts on a company’s bottom line (Greve & Davis, …show more content…

The increased utilization of reverse logistics in supply chain management initiatives is geared towards enhancing the effectiveness of inventory management. Reverse logistics basically help in maintaining a company’s brand image and offers a means of control over outdated products and their final disposition. The process provides a vital opportunity for businesses to reclaim defective products and unwanted materials for resell in secondary markets or channels to enhance

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