The retailer collects unwanted items from a customer’s home and ships them back to the fulfillment center for quality inspection. Items are graded and relisted on the marketplace with a discount of between 15% and 50%. It might seem like you’re throwing inventory away if it falls short of your quality standards, but remember the long-term impact. Reselling damaged inventory increases the likelihood of the same product being returned. Solve this problem by clearly communicating your returns policy before the point of purchase. Explain when a refund is possible, the window of opportunity to return inventory, and how long customers should expect to wait for the return to be processed.
In the same way that the cloud computing in logistics boosts agility (improving speed, scalability and visibility), it can help reduce risks and increase resilience in the supply chain. A recent Accenture survey found 52% of supply chain executives said the cloud had help them increase resilience. The executives also said the cloud had increased the accuracy of their demand forecasts by 26%. Cloud computing can generate significant value for logistics companies following mergers and acquisitions by improving ‘time to value’ (TTV).
What is reverse logistics?
You’re working with a top-notch marketer (probably from Mayple 😉) and soon enough you’re going to have to order more products. In fact, when processes are carried out manually, the chances of making mistakes and wasting time are much greater. But, when the organization relies on advanced softwares, the chances to achieve better results are much higher. This is one way to accomplish a high level of quality for the operation, making sure that your team knows how to handle the tools, technologies and resources as efficiently as possible, on a daily basis. Strategic planning is the one focused on the organization as a whole –in which the manager dives into all the processes, while tactical planning is oriented to a part of the process, such as stocking, for example. Whether your business requires the shipment of building materials, heavy machinery, food and beverage, fashion and clothing, technology devices, or many more… TGL has experience across all industries. To calculate the surcharge cost, based on the chart above, take the percentage listed in line with the current base rate of fuel.
The Future of Reverse Logistics
Cost reduction has in the past been achieved through lean operations, longer lead times and low-cost labor. The pandemic continues to offer significant challenges for supply chains globally. Even in 2022, national lockdowns slow or even temporarily stop the flow of raw materials and finished goods, disrupting manufacturing as a result. However, the pandemic has not necessarily created any new challenges for supply chains. In some areas, it brought to light previously unseen vulnerabilities including staff shortages and losses due to closures. But overall, it has accelerated and magnified problems that already existed in the supply chain. Third party logistics providers can also make organizations proactively aware of supply chain mistakes that could be costly and risky.
Read more about global logistics services here. The COVID-19 pandemic was a global disruption across trade, finance, health and education systems, businesses and societies like few others in the past 100 years. It is no surprise then that only 2% of companies who responded to the survey said they were fully prepared for the pandemic. Serious disruptions affected 57%, with 72% reporting a negative effect (17% reported a significant negative effect, and 55% mostly negative).
This not only improves efficiency but also enhances trust and reduces the risk of fraud. This means that whoever manages a company’s supply chain is responsible for managing parcel delivery companies, shipping companies, freight forwarders, customs brokers and third-party logistics providers. Outbound transportation is the flow of finished products from a company to its customers or end users.
How Supply Chain Management Works
In 2020, COVID-19 shut down manufacturers and factories worldwide, with governments instituting lockdowns causing personnel shortages. 2021 would bring different challenges as economies began to open up due to the vaccines. Companies struggled with the booming demand for products as online shopping popularity rose. One day you can’t find bicycle parts; the next day it’s luxury watches or L.O.L. dolls; then it’s cream cheese in New York City.
