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Step up ROI from Reverse Logistics in Supply-chain Management

<br>A well-structured supply chain management incorporates a strategic movement of returned goods to reclaim their value. It is critical to optimize the supply chain through reverse logistics.

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Step up ROI from Reverse Logistics in Supply-chain Management

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  1. Step up ROI from Reverse Logistics in Supply-chain Management

  2. With the advent of integrated networks comprising numerous stakeholders in favor of isolated business units, effective supply chain management is necessary. Even though a majority of planning and strategy is directed towards forward logistics, reverse logistics is not a new notion to businesses. The flow of returned goods through a supply chain constitutes the reverse logistics. A typical misbelief surrounding reverse logistics is that it is over the odds and fruitless. A well-structured supply chain management, however, incorporates a strategic movement of returned and damaged goods to reclaim their value. https://erpsolutions.oodles.io/blog/reverse-logistics-supply-chain-management/

  3. Reverse Logistics in Supply-chain Management Explained The existence of functional reverse logistics in a supply chain is inevitable. Be it enhancing customer satisfaction or maximizing utilization of materials and finished goods, reverse logistics ensures it. A reverse logistics supply chain environment must be augmented with an efficient inventory to ascertain the balance between supply and demand. At the same time, it demands coordination between return, disassembly, recycle and assembly units. Step up ROI from Reverse Logistics in Supply-chain Management To avoid an accumulation of returned products, it is important to have an advanced analytics system in place. Evaluation of patterns in sales, returns, and complaints aids assimilation of products and practices as per customer demands. It includes forecasting supply/market demand patterns to formulate customer retention strategies and a fully automated product routing for cost-effectiveness. Nothing determines customer loyalty better than easy returns and exchange. Enterprises thus need to streamline reverse logistics operations and schedule frequent maintenance activities to get a competitive edge in the market. For this, they need an efficient reverse logistics and supply chain software development.

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