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It would be tempting to think of reverselogistics as forward logistics done backwards. Reverselogistic isn’t simply a reverse gear. Reverselogistics can also have a dramatic effect on steering a company’s fortunes. This also qualifies as reverselogistics.
How often do you think about your retail reverselogisticsstrategy? It’s easy to assume retail reverselogistics is solely based on returns. While this is partially true, all retail reverselogistics involve a backward flow of products that return to their origin.
However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverselogistics ). Basically, reverselogistics in the supply chain revolves around dealing with end-of-life, malfunctioning, or hardware upgrades.
To reap the rewards of a data-driven e-commerce returns strategy, logistics leaders should follow these steps: Keep all stakeholders working together and sharing the right information with related communications via API-integrated systems. Contact Our ReverseLogistics Team Today.
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. Efficient return management stands as a crucial strategy for optimizing the supply chain.
The rate of return for products, otherwise known as reverselogistics, can be mitigated when suppliers work to improve the speed, cost, and efficiency of shipping goods. Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverselogistics costs for organizations.
The modern supply chain is built on the premise of applied data and strategic performance measurement. The post Top 5 ReverseLogistics KPIs to Track appeared first on Transportation Management Company | Cerasis. Unfortunately, figuring out which.read More.
Needs for efficient reverselogistics systems continue to increase as e-commerce claims greater market share, and as so many traditionally functioning businesses grow and inevitably incur increasing volume of returns. This presents opportunities for developing new revenue streams, an exciting challenge to logistics professionals.
Private label is becoming an important strategy for retailers. For retailers, this is an avenue where they can build more intimacy with their customers and capture more data and loyalty. Data is essential in the digital world since it allows the company to develop a buyer persona. Ecommerce companies have data, retailers don’t.
What is reverseLogistics? Before we dive in the nuances of reverselogistics, otherwise known as return logistics, integration, let's briefly recap what reverselogistics is. Reverselogistics refers to all operations related to the reuse of products and materials.
Among these, an integrated return management strategy can make or break successful operations. Use Real-Time Data to Inform Your Returns Management Strategy. Use Real-Time Data to Inform Your Returns Management Strategy. Understanding the True Costs of a Return Management Strategy.
While conventional logistics optimizes the flow of goods from producer to consumer, reverselogistics 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 ReverseLogistics Management for Asset Recovery.
While it was once acceptable and even effective to treat individual returns and other reverselogistics concerns as singular, isolated incidents, that is no longer the case. Today, retailers and supply chain professionals need to have a plan in place to minimize waste and cut down on inefficiencies in reverselogistics.
Combine this with the fascination in industry for “big data” and you have a recipe for a specialised, cloud-based archiving language. In fact, the main reason for this post was spurred on by a Linkedin discussion we started around ReverseLogistics. Without reverselogistics, my company would not exist.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.
It would be tempting to think of reverselogistics as forward logistics done backwards. Reverselogistic isn’t simply a reverse gear. Reverselogistics can also have a dramatic effect on steering a company’s fortunes. This also qualifies as reverselogistics.
A last-mile reverselogistics plan has become essential for providing a superior and delightful customer experience. It’s time to learn about the other half of the last-mile delivery—reverselogistics. What is last-mile reverselogistics? How to ace last-mile reverselogistics?
The costs of reverselogistics amount to more than $750 billion per year, and the demand for reverselogistics has risen in recent years with the rise of e-commerce. This is why blockchain in reverselogistics go well together.
Reactive Tactics: A lack of structured, data-driven strategies leads to inefficiencies in returns management. The Ideal ReverseLogistics Wishlist Speedy, efficient returns processing. Quick reverse pickups. Considering a revamp of your reverselogistics? Enhanced customer satisfaction. Absolutely.
Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile logisticsstrategy that aligns consumer and business expectation. In fact, an effective last mile logisticsstrategy must consider these nine key points. Leverage the Right Technology as Part of Your Strategy.
We all know that returning items is a burden, so making reverselogistics and the returns experience smooth and frictionless is critical for customer satisfaction. There are many strategies that can help reduce returns and improve your customers’ satisfaction. One of these challenges is holiday returns.
However, I encourage you to browse the entire logistics category so you may see the most recent posts as well, because typically, the earlier the post was published, the more views (but that is not always the case). What is ReverseLogistics and How Is It Different than Traditional Logistics? Read the full Post.
From remanufactured electronics to reverselogisticsstrategies that give products a second life, leading companies are proving that sustainability isnt just good for the planet its also good for business. This process is gaining momentum, with the global reverselogistics market valued at approximately $731.30
For example, utilizing a collaborative logistics platform that brings together all existing supply chain systems of record to create a single pane of glass is one opportunity to leverage a better communications channel in managed inventory strategies. Think about it. An increased likelihood of acceptance of tenders by LSPs.
The blog reports on recent changes to policies, best practices in supply chain management, whitepapers detailing procurement through reverselogistics and much more. Logistics Viewpoints. Topics include blockchain, Big Data, retail accomplishments, news from major carriers and more. Talking Logistics. TechBullion.
As most warehouse strategies are formed to combat issues of product shortage or provide important accounting data regarding a product, technology has been created to help reverse supply chains and drive larger recovery by serving the business needs for selling surplus. Identify waste streams and inefficiencies.
Today, the tech devices that entered the market in early 2016 are obsolescent, and more companies are looking for real-time data-driven decision making opportunities through the Internet of Things (IoT). As explained by Zvi Schreiber, CEO of Freightos, saving time for end users will be the cornerstone of all logistics operations in 2017.
There are many strategies that can help reduce returns and improve your customers’ satisfaction. Analyze your returns data and determine which items are forwarded back the most, and why. In fact, returns are stressful for both customers and retailers. Any shipping errors will contribute to the general worth of returns.
Here are three key strategies shippers should consider now to prepare for your next peak season. If 2020 taught us anything, it’s that your transportation strategy can break at any time. Don’t assume your supply chain strategy can return to the way it was before the pandemic. You need a Plan B at all times.
New supply chain strategies. To meet these needs, supply chain strategies need to focus on “right-size” fulfillment footprints. This strategy can efficiently bring large format goods to residents the way they want and when they want. Your provider should have a technology platform to collect and analyze real-time delivery data.
That alone is evidence that shippers need to start rethinking their strategies and supply chain risk management systems, but there are other challenges that are often overshadowed by the pandemic in the past year like weather, supply chain cyber security , labor shortages, market volatility, and more. And they must plan accordingly.
If you were unable to attend the symposium, Our Chief Revenue Officer, Mehul Kapadia summed up the key themes from the symposium for SCM leaders, focusing on the top challenges they must surmount in 2023, and the strategies unveiled at the symposium to optimize supply chains, with a particular emphasis on last-mile delivery. Watch Webinar 3.
Limited Granularity of Data Leads to a Lack of Actionability. When a shipper cannot understand the various factors playing into market volatility, this is known as limited granularity of data. Traditional Inventory Replenishment Strategies No Longer Work.
Since equipment downtime causes lost production and a potential loss in revenue, then business managers will look for strategies that will minimise that downtime. These strategies will often rely to some extent on the availability of spare parts. But which spare parts?
So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services. The Post-2016 Strategy: End-to-end Shipping. A Maersk ocean liner generates some 2 GB a of data per day. The Primary Maersk Plays.
Our self-service returns portal empowers customers to initiate returns quickly, while our efficient reverselogistics ensure that returned items are processed and restocked ASAP. Key Features for Electronics Ecommerce Domination: Real-time Analytics: Dive deep into your fulfillment data with our powerful analytics dashboard.
One of those demands is a more efficient order fulfillment strategy, which requires reviewing your warehouse practices as well. Review your warehouse strategy. It can be especially challenging for small businesses to implement automation and optimize their warehouse strategy. How do you achieve higher inventory accuracy?
Collaboration is poised to enable better flow of information and resources in both directions for both parts of the supply chain, which will inherently lead to more efficient processes and data-based decisions. So, why do supply chain managers not take advantage of this data with respect to procurement? But, the divide continues.
This challenge will be won or lost based on your company’s logistics. You should be focusing on your core strengths in retail, not logistics, and that’s where we come in. You want your logistics partner to embrace these values and to have a sophisticated enough approach to accommodate a data-intensive e-commerce operation.
The push toward a more efficient, data-driven supply chain will result in more competition among companies. As companies take steps to achieve lower rates, by utilizing third-party logistics providers ( 3PLs ), the competition will further increase. E-Commerce & OmniChannel Solutions Continue to Drive Competition.
As retailers across the globe struggle with demands for both personalization and convenience, balanced with consumer skepticism on data privacy, JDA Software, Inc., Instead, this is a time for a retail rebirth,” said Lee Gill, group vice president, global retail strategy, JDA. with 23% of those using them to make purchases.
Accurately tracking returns back to the correct customers is very important in reverselogistics. Keeping consumers informed about where their return is through real-time data and automated SMS messages helps keep them satisfied. As the CEO, Kushal Nahata is responsible for driving the vision, strategy, and growth at FarEye.
However, as the data suggests, more and more customers want to buy from brands directly and want them to solve any challenges that arise post-purchase. Brands need to adopt the latest supply chain and last-mile logistics solutions to make the D2C model a successful business strategy.
Ultimately, these 3rd Party Logistics Companies may have additional resources in countries around the globe with difficult import and export regulations. However, 3rd Party Logistics Companies with existing multilateral agreements with companies around the globe may also have similar qualifications. Automated processing of claims.
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