Examples Of Reverse Logistics

1448 Words3 Pages
bulb-icon

Recommended: Reverse logistics example

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 Reverse logistics basically help in maintaining a company’s brand image and offers a means of control over outdated products and their final disposition.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

Show More
Related

  • Gap Analysis: Kuiper Leda

    895 Words  | 2 Pages

    Inventory management has traditionally been considered as a necessary resource that every company needed. Its primary purpose was to evaluate and control inventory from the raw material level, through the production process and control stage, to the final out-door delivery. These older models of inventory management had several issues, such as inefficient control system, long cycle time, and bureaucratic process. Beginning in the late 1980s, many corporate businesses became deeply interested in developing new inventory management system that will reduce operation cost and expand market chare. Today, the business world is still improving its inventory system. The most effective systems are now not just count products and manage production schedule, but obtain lower prices by making large purchases, and increase inventory turnover. Today, forward-looking corporations build their serious efforts at inventory management systems through implementing new technologies, involved digitization, Internet, high-speed data network, and other e-sources that became available after business outsourcing and globalization.

    Read More

  • Tesco Value Chain: Tesco

    621 Words  | 2 Pages

    The most important stage of the value chain is inbound logistics, because they have the chance to build value in advance. Thus, the factors of this phase are considered to be upward action. In this case, logistics task including the goods received from suppliers cargo storage, loading and unloading and the inside of the transport of goods, and lay the product on the shelf. Tesco is trying to retain consumer choice, at the levels of the store, at the same time increase the efficiency of its distribution system. For damaged goods and products quality control program of the application, it provides less unfairly assume cost, company a great opportunity, therefore, to prevent these costs on to consumers by to potentially add value for the company.

    Read More

  • Case Study: FedEx

    1055 Words  | 3 Pages

    FedEx provides shipping services through FedEx Express, Ground, Freight, Custom Critical, Trade Networks, and Supply Chain (FedEx, 2014). Tracking and package management services are available for all services through fedex.com (FedEx, 2014). FedEx also shares knowledge of shipping best practices on its website (FedEx, 2014). FedEx Office is another division of FedEx, where customers have an in-store option for taking care of their shipping, copying, and printing needs (FedEx, 2014). FedEx connects our global economy by linking 99 percent of the world’s GDP (FedEx, 2014). FedEx Express services every US address, as well as 220 other countries (FedEx, 2014). Some of the corporation’s new services include FedEx Delivery Manager and One Rate (FedEx, 2014). FedEx Delivery Manager is a service that is tailored to the needs of the recipient of a package (FedEx, 2014). FedEx One Rate is simply that, flat-rate shipping without the weighing and measuring (FedEx, 2014).

    Read More

  • Supply Chain Analysis: Frito-Lay

    1528 Words  | 4 Pages

    Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.

    Read More

  • Case Study On Dropshipping

    873 Words  | 2 Pages

    22-year-old Melvin Chee from Melbourne, Australia went from experimenting with e-commerce dropshipping during his semester break to a 6-figure business in just 3 months. He had previously started several different businesses, many of which failed spectacularly. Some of his efforts were featured on BBC News and StartupDaily, but his biggest hit so far was started largely by accident. It was a discussion he saw about dropshipping with Oberlo in a Facebook group that got the wheels turning. As he explains it:

    Read More

  • C.H Robinson Worldwide Logistics Research

    1415 Words  | 3 Pages

    P/E = (1-b)/(k-ROE*b) = - 1.5083. If it were a smaller but positive number, I could tell that company does not have any possibility to growth. A negative P/E means that for some reason, a company is losing money. (Investopedia.com)

    Read More

  • Somerset Case Analysis

    834 Words  | 2 Pages

    The furniture company Somerset needs to retain its customer service record and remedy any of its global supply chain issues before it has an adverse effect on the brand and start losing customers. With a frequent change in the product catalog, keeping an excessive inventory will cut its profit and some of the product may become obsolete even before the furniture hits the retail outlet stores. In order to achieve profit and success, business employee many strategies and the supply chain strategy are one of the operational management techniques that use analytical decision making process to achieve the company goals and provide tools to effectively compete in the market (Taylor and Russell, 2014).

    Read More

  • Operations Management: McDonald's Competitive Advantage

    3031 Words  | 7 Pages

    Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.

    Read More

  • Walmart Inventory Management Case Study

    1260 Words  | 3 Pages

    Inventory management is a method through which a business handles tangible resources and materials to ensure availability of resources for use. It is a collection of interdisciplinary processes including a full circle of the demand forecasting, supply chain management, inventory control and reverse logistics. Inventory management is the optimization of inventories of manufactured goods, work in progress, and raw materials. According to Doucette (2001) inventory management can be challenging at times; however, the need for effective inventory management is largely seen more as a necessity than a mere trend when customer satisfaction and service have become a prime reason for a business to stand apart from its competition. For example, Wal-Mart’s inventory management is one of the biggest contributors to the success of the company; effective and efficient inventory management is of critical importance.

    Read More

  • Defense Logistics

    544 Words  | 2 Pages

    Overview Understanding defense logistics require an overall understanding of the operational framework, information flow, its overarching linkage to national security strategy and adhering principles that are required for successful campaign planning and execution. There are two important components of defense logistics: Force Projection and Force Sustainment. While the force projection implies moving forces to certain geographical location as per the mission requirement, force sustainment involves the ability to continuously maintain the readiness of the deployed force in order to accomplish its mission. The three primary locations of logistics activities are battle space where the active combat or potential combat may take place, intermediate staging/support base (ISBs) usually defined as an area close to battle space from where responsive support can be provided as needed and the Continental

    Read More

  • Pampers Case Study

    925 Words  | 2 Pages

    Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,

    Read More

  • Business Case Study Summary: Warehouse Stephen Tindall

    1496 Words  | 3 Pages

    Warehouse Stephen Tindall was founded in 1982 on the north coast of Auckland in New Zealand, which has opened the first store. Small in the case of Wal-Mart 's success in the USA, like the warehouse at low prices, "people want to do more of what 'was offering. Clark compared to their attention by the retail trade, cost accounting, inventory management and distribution systems, however, (2000), the warehouse were similar to Wal-Mart 's core competencies.

    Read More

  • International Logistics

    1318 Words  | 3 Pages

    Logistics is the designing and managing of a system in order to control the flow of material throughout a corporation. This is a very important part of an international company because of geographical barriers. Logistics of an international company includes movement of raw materials, coordinating flows into and out of different countries, choices of transportation, cost of the transportation, packaging the product for shipment, storing the product, and managing the entire process. The concept of logistics is fairly new in the business world. The theoretical development was not used until 1966. Since then, many business practices have evolved and logistics currently costs between 10 and 25 percent of the total cost of an international purchase.

    Read More

  • Reflection On Personal Development

    810 Words  | 2 Pages

    As an outcome of the thesis, my professional interest on the issue associated with the development of logistics sector has been enhanced. Furthermore, I am planning to keep an eye on the sector to enhance my knowledge which will benefit me and the organization I work for.

    Read More

  • Essay On Inventory Management

    1436 Words  | 3 Pages

    Inventory management involves planning, coordinating, and controlling the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are needed to meet customer wants and needs (Collier & Evans, 2009). In order for business and supply chains to run smoothly, they must meet all the listed requirements for effective inventory management. Thus, inventory management must be managed wisely in order to be a successful an...

    Read More

More about Examples Of Reverse Logistics

Open Document