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When a product needs to be returned, it must go through a return process, referred to as ReverseLogistics , and obtaining the return merchandise authorization (RMA) is typically the first step of the process. RMAs exist as reverse flows of products within the reverselogistics industry. Gathering Information.
In a thoughtful webinar today digital freight forwarder Zencargo co-Founder, Richard Fattal, and Bis Henderson ‘s Louisa Hosegood debated the unprecedented pressures in the global supply chain this year and how they jeopardise retailer’s profitability. Reverselogistics and the management of returns has become even more important.
Take a look at how the IoT supply chain is changing the landscape in terms of equipment functionality, shipping processes, invoicing and payments, and analysis of trends. Analysis of Trends and Recommendations. In some cases, human intervention and input will be completely eliminated. IoT and Machine Functionality.
Because all of the activity happens in this transportation management platform, several reports and custom analysis can be created. Let Cerasis guide you with a freight invoice analysis or a transportation management assessment and consultation. Don’t know where to start?
Analysis of Big Data. This occurs through the analysis of big data, collected via transportation management systems , identification of inefficiencies in the order fulfillment processes, and the integration of the TMS into other logistics systems and databases.
Do some research, develop a business plan with some projections & an ROI analysis (multi-year), research solutions, resource appropriately and give it some time … Then market it differently than the rest of your business. From reverselogistics to pricing, and finally, some solutions. . Conduct a customer analysis.
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.
Reduced Errors and Need For ReverseLogistics - The ability of robots to log huge sums of data and review this data for errors with pinpoint accuracy will lead to an unparalleled reduction in errors. As a result, the need for reverselogistics processes that revolve around inaccurate order fulfillment will decrease.
We have also now published an e-book , put out several white papers , and held several webinars. The Future of Logistics: Are 3PL Companies Ready to Adopt these 4 Emerging Technologies? What is ReverseLogistics and How Is It Different than Traditional Logistics? What are The Elements of a SWOT Analysis?
It also requires the ability for logistics and supply chain managers to look at forward moving logistics as well as reverselogistics. . The use of reverselogistics provides a myriad of benefits to include: Reduced administrative, transportation and aftermarket support costs. Increased velocity.
Preliminary analysis of smartphone sales in the US indicate more than 120 million smartphones will be purchased, sold, or traded in 2016. Similarly, the use of mobile technologies is allowing manufacturers to enhance production on the basis of customer feedback, customer service requests homo and even in the field of reverselogistics.
The top three technology priorities of industrial manufacturing CEOs are mobility (73%), cybersecurity (72%) and data mining and analysis (70%). Essentially, this will allow from incoming goods to creation to shipping, to even reverselogistics, all seamless in the shippers' hands. .
Predictive analytics help them do this by automating much of the analysis processes so even people without high-level skills can perform various analyses, according to Gillman. Manufacturing engineers spend a lot of their time ensuring their companies get the most value out of the equipment in their factories. Increasing Equipment Uptime.
However, the fallacy in the lean supply chain rests on the fact that this information that has garnered from that lean supply chain is not used to make a predictive, quantitative analysis of what will be needed in the future. Why Does Agility Benefit of Supply Chain? Agility practices enable the supply chain to change how processes operate.
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