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Reverse logictics refers to the process of recovering products or materials from customers to extract value or as after-sales services. There are various definitions of reverselogistics, which generally focus on the collection, disassembly, and processing of used products or materials to maximize their value and sustainable use.
In this video, we’ll explore why this concept matters and how it can create win-win supplier relationships. Watch the video below! Because it can enable you to developed strategies such as, you know, reverselogistics and get the pricing right. This week we are talking about cost to supply and why it’s so important.
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. Let’s take ecommerce as an example.
Cloud computing itself is a prime example. Value-Added Services Modern 3PLs are expanding beyond traditional logistics services to offer additional value through reverselogistics management, product customization, assembly services, and supply chain consulting. The case of Netflix and Blockbuster is frequently cited.
Ecommerce bands, even those with amazing reverselogistics operations in place, feel the negative impact of returns. The best 3PLs, like ShipMonk, take care of the reverselogistics side of things, which helps limit the fallout of these situations. Supplemental materials may also help, like a size chart or video.
For example, some people are offering to pay up to $10 for old, discarded car batteries. In the Netflix example, the probability is attained through a comparison of the cost of purchasing multiple DVDs to the cost of streaming video through the internet as part of a Netflix subscription.
These services can include kitting and assembly, custom packaging, quality control, reverselogistics, and more. Create Compelling Content : Use various content formats such as blog posts, case studies, videos and even sales calls to showcase your value-added services.
For example, smart glasses in the warehouse are considered a form of Augmented Reality Supply Chain, explains SupplyChainDigest. Another example of AR is the yellow strip for the line of scrimmage during a televised football game, asserts Roland Martin. The wearer is able to overlay a computer simulated image into the physical space.
Outbound Logistics: Keeping Customers Satisfied. For example, if speedy delivery is a part of your service strategy (which is often the case in today’s on-demand environment), you will either need to locate your warehouses close to customers, or close to the facilities of your preferred carriers. A is for Accessibility.
One of the most surprising parts of the episode showed a warehouse worker using a voice-automated picking system (see video below), and the worker would then scan the product with a scanner on the tip of his finger. Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012.
The can integrate parts of the supply chain, for example the customs clearance, order taking, or billing. There do also exists “Fourth Party Logistics Service Providers” (4PLs) which can be defined as supply chain integrators. An example for this is real-time order tracking.
In close relation to reduced wait times for the end user, augmented reality will make the picking process, as well as many other processes in logistics management, simpler. For example, augmented reality-enabled glasses are currently being used by Volkswagen, explains Ludger Schuh.
Take a 360 tour of a ShipMonk fulfillment center with the video above! For example, a tech-enabled fulfillment center (that is, one empowered by automation and technology ) may be referred to as a smart warehouse. Some fulfillment logistics providers (like ShipMonk) also handle reverselogistics.
Read Also: The History, Evolution and Future of ReverseLogistics 2. Take XYZ Retail for example, juggling 100 diverse orders ranging from on-demand to next-day deliveries. This real-time information acts as a GPS for the logistics team, guiding each delivery move with precision.
Reverselogistics could be the business equivalent to the passage of time and life for nature. And at the end, check out a nice infographic speaking more to reverselogistics strategies and practices. ReverseLogistics allows businesses to recoup a portion of the original purchase price of this equipment.
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