Step up ROI from Reverse Logistics in Supply-chain Management

Erp Solutions Oodles22 Mar, 2024Web Development

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.