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
Reverse Logistics 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. It is the process of returning goods from consumers back to suppliers. Also comprises of sending new or used products backup stream for repair, remanufacturing, reusing, recycling and refurbishing activities
we talk about food industry. Reverse Logistics, being an integral part of SCM, is usually neglected, specifically in the Indian industry given a few important constraints. The 5 major attributes of Reverse Logistics (Recall, Return, Recycle, Review and Repair) are necessary considerations for effective Business Operations. The research study we conducted has shown us that majority (around 80%) of the manufacturers and certain third party logistical
This chapter explains more about reverse and green logistics, and both topics will be discussed, defined and explained in greater detail, to help the reader form a deeper understanding of the two issues. Through this theory, Walmart can be analysed on the impact both practices have had on the company, and how each are different. The positives and negatives of using these practices will be discussed, as well as how and why Walmart have felt it necessary to start applying these practices to their supply
Reverse logistics is the process of returning faulty goods from customers. Reverse logistics and returns management continue to be an important part of the world economy. The development of a reverse logistics competency could augment a firm’s supply chain strategies, and if well executed, could transform returns from a cost center to a profit center by extending the productivity of materials, resources, and labor. Information Technology can improve the reverse logistics benefits for a firm that
Introduction Most of us think of logistics as a one-way street. Products are manufactured, packaged, stored in a warehouse, sold, and then shipped off to the customer ... end of story. Yet for many logistics managers today, that's not the end of the story. In addition to managing outbound goods, they also are responsible for reverse logistics--the flow of returned goods and packaging, including customer service and final disposition of returned items. The need to manage waste materials and
Reverse logistics and the return portion of the supply chain is often an overlooked and mismanaged process. Companies tend to focus their efforts on the forward portion of supply chain management, while failing to take advantage of the many opportunities that reverse logistics presents (Benton, 2007). What these companies do not realize is that the effective management of reverse logistics has the potential to make them more profitable, and to add value to many other parts of their supply chain
Christopher (2011) argues that the term called reverse logistics is used to depict the step of taking products back, generally at the end-of-life, but also for repair and recall. Reverse logistics can be defined as a chain of process to recover or sell the value of a product. That is if a company think supply chain stream in reverse, the one can make a decision the best way to deal with the bounced product. Especially, reverse logistics has received keen attention in the supply chain literature,
‘reducing turnaround time at its lowest cost while maintaining an acceptable quality level’ is one of the most important goals. This is the goal many companies wish to receive. All total costs of the operation should always be considered in reverse logistics, whether or not it is outsourced or even executed within the company. Programs such as energy consumption, recycling programs and waste generation should all be included within the repairs facilities. Turnaround time is usually the main element
when we talk about food industry. Reverse Logistics, being an integral part of SCM, is usually neglected, specifically in the Indian industry given a few important constraints. The 5 major attributes of Reverse Logistics (Recall, Return, Recycle, Review and Repair) are necessary considerations for effective Business Operations. The research study we conducted has shown us that majority (around 80%) of the manufacturers and certain third party
Outsourcing and offshoring are different and I will cover each. Outsourcing is taking a specific task, multiple tasks or even large projects either on a short term or long term basis and utilising an external organisation to do this work and then bill for services. A simple example is legal work. A company may outsource to a legal firm, the work of drawing up legal contracts for their resellers. The advantages can be that the legal firm specialises in this work and can hence do it more efficiently
The word logistic has originated from Greek word ‘Logistikos’ and the Latin word ‘Logisticus’ which means science of computing & calculating In ancient times it was used more in connection with moving armies, the supplies of food & armaments to the war front. During World War II logistics gained importance in army operations covering the movement of supplies, men & equipment across the border Today It has acquired the wider meaning and is used in the business for the movement of material from suppliers
management, McGraw-Hill 7. Julie, A., Sokol & Robert, J. Thomas (2004) State of the art, viewed 27 March 2008, 8. Rao, K., and Young, R. R. (1994) Global supply chains: Factors influencing outsourcing of logistics functions. International journal of physical distribution and logistics management. Vol. 24. No. 6. 9. Chaffey, D (2008) Amazon.com case study, viewed 20 March 2008,
to another. When it comes to modern logistics most professionals thinks it as the most exciting and competitive area of any business. People in this area work 24 hours a day, 7 days week and 52 weeks a year in order to satisfy the demands and needs of the consumers of goods and services. Logistics consists of those activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible price. Logistics is the process that controls and manages
Introduction The growing competition in global markets, demands and expectations of customers, as well as innovative products with shorter life cycles have forced today’s businesses to focus and invest on supply chains. Further, the development of technologies and communications has inspired the evolution of supply chain and its techniques for management (LEVI, David Smichi et al., 2008). Supply-chain management has become the new source of competitive advantage for companies from all over the world
Qube Logistics has been able to give quality logistic service the customers at best prices because of its well-integrated and coordinated logistic infrastructure. It has been achieved by the flawless logistical system that ships any product anywhere in a moment’s notice. Qube Logistics operates on the just in time inventory management hence no inventory is stored this requires a logistics system that is highly automated and has a quick response strategy. It is considered to be the largest import
frequent shipments that requires follow-up or expediting. But it leads to overuse of ... ... middle of paper ... ...no.5, pp.30-38. Niam, M, Potter, A, Mason, R & Bateman, N 2006, ‘The role of transport flexibility in logistics provision’, The International Journal of Logistics Management, vol. 17, no. 3, pp. 297 – 311. Coyle, J, Novack, R, Gibson, B & Badi, E, 2011, Transportation: A Supply Chain Perspective, 7th ed, South Western Cengage Learning, Mason, USA. Waggner, B & Alderdice, A 2006
approaches in the field of today’s business, Green Logistics has been a new concern and acquaintance to the world of Logistics business. Green logistics is the integration and the management of all the activities required to move products through the supply chain. For a typical product this supply chain extends from a raw material source through the production and distribution system to the point of consumption and the associated reverse logistics. The logistical activities comprise freight transport
National and International businesses are becoming ever more dependent on logistics and supply chain management in order to keep pace with the demands of an increasingly global economy. This is why business leaders acknowledge that the supply chain can be a value creator and a source of competitive advantage. Logistics management is defined according to The Council of Supply Chain Management Professionals (August, 2013) as “Logistics management is that part of supply chain management that plans, implements
Logistics is the system of people and things that are involved in getting a product from the place where it is made to the person who buys it. Information system is an interactive structure of people, equipment, methods, and control, designed to create information flow in the required format for the user to make the decision to reduce the risk element. This paper aim is to designing Logistics Information System in theoretical underpinning and also discussed characteristics of Logistics Information