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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.
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.
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. BONUS: Download the Ultimate Guide to Transportation ReverseLogistics White Paper.
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. Let’s take a look into how RMAs function and some common examples of RMA policy. Common Examples of RMA Policy.
″, “disruptive technology” and the “Internet of Things (IoT)” are just a few examples that continue to appear time and again. 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.
Without further ado, here are the top 5 logistics blog posts by amount of views in order of #5 to #1. WHITE PAPER] The Ultimate Guide to Transportation ReverseLogistics. A key part of that is that you fully understand not only what reverselogistics involves and how it can help you, but what its history is.
For example, small-business e-stores have managed to create environments that allow customers to see inventory in real time, reducing problems with excessive ordering. This will include the use of autonomous vehicles and drones for delivery , and the reverselogistics supply chain will also need to deploy new technologies.
As explained by Zvi Schreiber, CEO of Freightos, saving time for end users will be the cornerstone of all logistics operations in 2017. Organizations Will Streamline ReverseLogistics. If a company does not have standard reverselogistics processes in place, repeat purchases could be lost.
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.
This is a simplified example of the best practices for Return Merchandise Authorizations. For example, tracking information for merchandise tagged with radio frequency identification (RFID) chips needs to be entered into the system before the item arrives. For example, computer part A arrives due to being the wrong color.
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.
For example, subscription-based services, such as self-driving car giant, Tesla, and the shaving guru, Dollar Shave Club, are able to collect an insurmountable amount of data on consumers, feeding back into the company’s forecast model. For example, Amazon is working tirelessly to get the two-hour delivery window open to its consumers.
For example, a subtle change in hydraulic pressure may still permit the machine to operate. For example, a machine may need to have a specific part replaced every three months, but periods of increased demand could mean the manufacturing entity is placed at maximum capacity.
for example, compared to shipping state-to-state. For example, Chinese wages have increased 320% since 2000. Foxconn, for example, announced plans to reshore in Pennsylvania, investing $40 million for a mostly automated plant. Reverselogistics (returns, warranties) are more manageable closer to market.
For example, a shipper may want to take advantage of transportation management systems (TMS), which enhance visibility and improve transportation management. With the rise of the Internet, automation has become something of an expectation for 3rd Party Logistics Companies. Automated processing of claims.
While the initial change seemed minimal, the ministry lowered their Purchase cost of remanufactured toner cartridges by up to 40 percent, with reverselogistics aiding in sustainability measures. In another example, Hong Kong began switching conventional traffic lighting to more energy efficient LED traffic lighting.
No, imagine this example applied to 10 different warehouses or ordering centers. Expand the example by saying each employee uses an average of 30 pages per day in work, not counting the larger order sheets for hundreds of unique specifications on customized products. The cost rises to $5,000. .
For example, the Cerasis Rater enables B2B sales by allowing other B2B partners to request automatically reorders, retrieve freight rates and offer e-commerce fulfillment and shipment. This helps customers select the right products, reducing costs incurred in the reverselogistics supply chain as well.
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.
Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. Today, wearables are becoming increasingly popular, and these devices have the potential to radicalize the typical supply chain in forward and reverselogistics processes.
This is a prime example of business continuity risk, but risk can take many forms, reports Wayne Caccamo of Supply & Demand Chain Executive. For example, the need to respond to labor shortages during times of disaster can send a company into chaos.
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.
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.
For example, in China alone, where the last decade brought millions of new participants into the workforce, a skills gap is expected to cause a deficit of 23 million sufficiently skilled workers there by 2030. For example, job training grants totaling $450 million were distributed among approximately 270 community colleges in 2014.
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.
An employee may upload a corporate presentation from his or her desktop PC to a cloud storage service, then access it from a personal iPad to show at a client site, for example. Salesforce.com is a perfect example of enterprise mobility. Enterprise mobility can improve employee productivity, but it also creates security risks.
For example, some manufacturers may be using apps too truck order movements comic provide status alerts on an employee's current physical health in extreme temperatures, or provide real-time updates on an employee’s location. For manufacturers, banning the use of mobile devices seems logical.
There are many benefits that accompany the use of transport and logistics providers and their TMS systems. For example, LTL would comprise one bucket. However, the 10 percent buys power in the supply chain by addressing three pain points of not using a TMS , which depend. Bucket savings are savings achieved by similar processes.
Paired with value-added services, a quality TMS can transform outbound and inbound logistics into a turnkey operation. For example, Cerasis offers the following freight management and value-added services in conjunction with the Cerasis Rater. Reverselogistics. Freight claims management services. Carrier relations.
If this concern is combined with increasing regulations, costs for transportation providers, the driver shortage, and growing scrutiny in both the forward and reverselogistics processes , it is easy to see how making today's processes more efficient will help address each of these factors and concerns. Think back to our example.
For example, the use of a computerized system to automatically generate orders and robotics to pick these orders would refer to leaving concepts in the supply chain. For example, a supply chain entity in fashion or textile printing may not print the actual materials until those materials have already been ordered by a consumer.
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