Improved customer satisfaction and loyalty by focusing on faulty goods and repairs.Allows for added value from used or returned goods instead of wasting manpower, time, and costs of raw materials originally involved.Increases product lifecycles, supply chain complexity, maintainable practices and consumer preferences.Reduces risks to the business by protecting data.Encourages competition in manufacturing.Increases public perception due to its environmentally-friendly properties.Provides a second return on investment from the equipment.Here are some ways reverse logistics are reaping benefits for businesses: Shippers do not initiate reverse logistics activity based on planning and decisions of the firm but in response to customer actions. Reverse logistics, or вЂњgreen logistics,вЂќ is growing in popularity as the better option between the two. At every level of this method of supply chain management, advanced shipping notices will assist the information as the products flow. When a certain amount of product is required, that quantity will be shipped to the distribution centre and then to the retail stores from there. With forward logistics shipping, a sales forecast is used to project the requirement. The different types of forward supply chain management include direct order fulfillment, hub services, pick-and-pack services, and shipping. Traditional or forward logistics deals with the flow of products from the factory to the consumer. Movement of extra or over-supplied products to other organizations.Destruction of spoiled food products and expired pharmaceuticals.Removal of packaging and containers from the response area.Movement of capital equipment and products to the next emergency response.The different types of reverse logistics include: If the reverse supply chain process is streamlined, businesses can maximize asset recovery rates and reduce costs. By optimizing logistics processes, companies can experience long-term benefits and reduce the percentage of their revenues spent on returns. Reverse logistics management usually involves returns, recalls, repairs and refurbishment, repackaging for restock or resale, recycling, and disposal. Reverse logistics encompasses recapturing the value of products, parts, and materials that have been returned from the end consumer in order to get them back into the marketplace as quickly as possible.

For those seeking more information about the benefits of a reverse logistics management program in comparison to forward logistics, here are some valuable points to consider. When compared to traditional logistics, it provides many benefits to businesses and adds value for customers.

Reverse logistics has been around for a long time but has only recently become a more popular method of supply chain management.

Another word for reverse supply chain