What is forward and reverse supply chain?
Forward supply chain imply a series of activities required to produce new products from virgin materials and distribute them to consumers while reverse supply chains require collecting used products from consumers and reprocessing them to either recover their leftover market values or dispose of them.
Transportation of finished goods from the factory to the warehouse. Warehousing finished products before sale. Pick and pack fulfillment. Delivery to the end customer or distribution to brick-and-mortar retail outlets for sale.
What is an example of reverse logistics?
Successful Examples of Reverse Logistics When consumers return to a store to buy the latest model, Apple offers consumers discounts on a new product if they turn in their old product. Apple then collects the old models and brings the products back to their factories.10-Jul-2017
Reverse Logistics vs. Traditional product flow starts with suppliers and moves on to a factory or distributor. From there, the goods go to retailers and customers. Reverse logistics management starts at the consumer and, moving in the opposite direction, returns products to any point along the supply chain.14-Jan-2021
What is reverse flow in logistics?
Reverse flow is another term for reverse logistics in the supply chain. This includes planning, implementing and controlling the efficient inbound flow, as well as the storage of goods and related information to recover value or proper disposal.07-Oct-2021
Reverse logistics is the set of activities that is conducted after the sale of a product to recapture value and end the product's lifecycle. It typically involves returning a product to the manufacturer or distributor or forwarding it on for servicing, refurbishment or recycling.
What are the main drivers of reverse logistics?
Generally, the companies carry on reverse logistics because of the profit, obligatory forces or social pressure. According to this classification, the drivers are named as; economics, legislation and corporate citizenship (De Brito and Dekker, 2004).
Simply, reverse logistics defies forward-thinking logic. “Moving backward through the supply chain is more difficult and complex because there isn't a priority and products are moving against the normal flow,” says Dr. Dale Rogers, professor of supply chain management, University of Nevada.15-Jul-2005
What is the difference between upstream and downstream supply chain?
The upstream portion of the supply chain includes the organization's suppliers and the processes for managing relationships with them. The downstream portion consists of the organizations and processes for distributing and delivering products to the final customers.
Here are six factors Myerson urges retailers to focus on when developing a reverse logistics process:
What are the 7 R's of logistics management?
⚽ The 7 R's (or Rights) are the set of ideals and principles used by organizations that can be a foundation to be successful in the trucking and logistics industry. These are the 'right' product, quantity, condition, place, customer, time, and price.
6 Benefits of an Efficient Reverse Logistics Process
What does 3PL stand for?
third-party logistics
The second thing Amazon does well is it recovers profits through its Amazon Warehouse Deals reverse logistics policy. Through its repair or refurbishment and repackaging operations, Amazon can resell used products instead of losing money on failed or unwanted items.08-Jan-2021
What industries use reverse logistics?
Reverse logistics is an important part of the supply chain in a variety of industries, including automotive, electronics, pharmaceuticals, and others. Reverse logistics services have been developed and implemented by countries all over the world to extract value from returned and damaged products.
Forward logistics is the traditional logistics where the flow of products is from the factory or manufacturer to the end-consumer. The forward supply chain management includes order fulfillment, hub services, order pick and pack, and shipping to the consumer.11-Feb-2022
What are the key differences between forward and reverse logistics?
In many cases, forward logistics includes product development, material sourcing, manufacturing, transportation to distribution centers, and final-mile delivery to a consumer. Reverse logistics refer to moving products and materials back into the supply chain post-delivery.09-Oct-2019
Reverse logistics activities include the return of used goods and the partial recover of its originally existent value. Four channels are relevant: recycling, reuse, remanufacturing, and final disposal. There is a high potential for value recovery by reusing the internally generated waste.20-Jun-2018
What are the disadvantages of reverse logistics?
The biggest problem in reverse logistics for omnichannel stems from the complexities of reverse logistics.Common Problems in Handling Reverse Logistics
Five Strategies for Improving Your Reverse Logistics Process
How do you optimize reverse logistics?
Optimization of the reverse logistics process in the warehouse aims to minimize the cost and time associated with processing returned goods, reduce the inventory levels of returned products, decrease the disposal time of the products, and maximize customer satisfaction.
What is forward and reverse supply chain?