This website uses cookies to ensure you have the best experience. Learn more

What Is Reverse Logistics? Essay

1372 words - 6 pages

Reverse logistics is defined as the system of moving products or components for their point of consumption(customer end) to point of origin ( Manufacturing end) through channel members for the purpose of recapturing value or disposal. Reverse logistics processes and plans rely heavily on reversing the traditional forward moving supply chain. The area of reverse logistics includes return policy administration, product recall protocols, repairs processing, product repackaging, parts management, remanufacturing, recycling, product disposition management, refurbishing, maximizing liquidation values and much more. As per a Gartner report Total reverse logistics market is more than 50 billion ...view middle of the document...

It is a system called as "farm-to-fork traceability" (Charlie Sweat, CEO Earthbound) and it was that system that created the blip. This system allowed Earthbound to carry out a targeted recall of the specific contaminated products long before any official word had been issued and before anyone got sick.
Digital supply chain provide real-time traceability and identification of products across the chain. This brings visibility into every step of the product life cycle from how it is produced, where it is produced, when it was produced, where it was sold to who buys it. Every single detail thus can handle reverse logistics very efficiently

Pervasive Visibility
The world is moving from Collaborative planning, forecasting, and replenishment (CPFR) concept to more cohesive integrated approach which will provide organizations visibility to each and every minute activity and vice versa. On similar lines, BOSH is currently developing a software operated virtual supply chain. The environment will take the output from various RFID and other sensors located across both their factories and their 3PL providers and this will provide a complete end to end view of shipments as they move from point of manufacture to point of delivery. Now when we couple RFID with IoT (Internet of Things) then we can have web with multiple interconnected devices informing each other about every single activity, diagnosing, doing self-maintenance and generating report without any human intervention. Only digital supply can ensure such high level of visibility.

Corporate Social Responsibility initiatives
Four Decades ago the famous economist and Nobel laureate Milton Friedman referred to corporate social responsibility (CSR) programs as “hypocritical window-dressing,” and commented that business leaders inclined toward such programs “reveal a suicidal impulse.” At that time his views were echoed by most of the people around the world but today the scenario has changed. A decade ago only few of fortune 500 companies has issues their sustainability report. But now almost every one of them does that. Around 8,000 businesses across the world have signed the UN Global Compact, pledging to show good global citizenship in the areas of human rights, environmental protection & labor standards. According to CorporateRegister.com, more than 5,500 companies around the world issued sustainability reports in 2012 up from about 800 a decade ago
Consumers are increasingly tuned in to sustainability when making their buying decisions. They are more educated now. They are no longer hidden from processes about how their food is produced or how their iPads are made. And because of things like social media, like-minded people more easily find each other, have their say and effect change. We are living in the Electronic Age where information about any company’s environmental record, labor practices is readily available and readily tweeted and retweeted — companies must pay careful attention to...

Find Another Essay On What is Reverse Logistics?

Importance if Third Party Logistics Essay

1893 words - 8 pages improve logistics performance in Australia. The initiatives include the Freight Transport Logistics Industry Action Agenda. This report develops a broad framework for analyzing logistics activities in Australia. This report will also look at the importance of Third Party Logistics to the Australian business. We will also look at the emergence of the 3PL in Australia and what benefits do the businesses get by adopting the 3PL. The most

Third Party (3PL) Logistics in India

2165 words - 9 pages Introduction: What is logistics? It is management process of the movement of resources it can be either raw material or finish goods between source of consumption and the end user i.e. customer, organization to meet requirements. There are various definitions in the literature or in the business world; the most suitable definition is the overall relationship between supply, material management and the distribution (Rushton A. ). This logistics

REAL TIME DYNAMIC INTEGRATED OUTSOURCED WAREHOUSE SYSTEM

1392 words - 6 pages reverse logistics process network and forward logistics process network. But when it’s related to warehouse operation there will be more focus on reverse logistics process network. Reverse logistics process network can be defined as the process of planning, implementing and also controlling the efficient, effective inbound and storage of the second goods. This definition is studied by Fleischmann (2001). Figure 1 shows the illustrate concept of

Supply Chain of Honda

1664 words - 7 pages -R.BALLOU, 2004,"BUSINESS LOGISTICS/SUPPLYCHAIN MANAGEMENT" 5 the edition, pg-8.Although it is easy to think of supply chain as managing the flow of product from the point of raw material acquisition to end customer, for many firms there is a reverse logistic channel that must be managed as well. The life of the product, from a logistic viewpoint, does not end with the delivery to the customer. Products become obsolete, damaged, or non-functioning

Logistics, History, and Principles of LEAN Manufacturing Approach

978 words - 4 pages processes are more inefficient. The main issue is that efficiency is no normally measure or not measure correctly. Further, other logistic processes are not analyzed and controlled like reverse logistics for returnable packaging, etc. Purchasing is focus toward getting the cheapest company by unit base and does not take into consideration the efficiency of the operation. Logistics companies run at low efficiency (cube and weight).Normally, systems are

Logistics Support for Agrobusiness in Context of the Supply Chain of Perishables

1789 words - 8 pages , for many firms there is a reverse logistics channel that are managed as well. The life of a product, from a logistics viewpoint, does not end with delivery to the customer. Products become damaged, or nonfunctioning and are returned to their source points for disposition. Packaging materials may be returned to the shipper due to environmental regulations or because it makes good economic sense to reuse them. The reverse logistics channels are

The External Factors of Truck Manufacturer in Eu And Usa Over The Next Decade

3378 words - 14 pages improving reverse logistics would be advantage in current situation of Eco-friendly and one-stop shopping…)Opportunity to reduce cost, in relation to "prepared to wait" customers, optimization, etc.,Long production "cycle time"A demand is enbodied to external, political factors, and petrol priceEco-friendliness is lower than trainLimited market and production SKU limitThe market itself is currently in a "knife-edge" situationDemands highly

Beverage Industry Logistics

2867 words - 11 pages to The Council of Supply Chain Management Professionals (August, 2013) as “Logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer’s requirements.” For any firm to achieve competitive advantage not only good

Emerging Field of Green Supply Chain Management

707 words - 3 pages manufacturing, reverse logistics and waste management. This paper will briefly discuss these issues. This paper will also mention the reasons why organizations would opt for a green supply chain. This essay will then conclude that there is a gap in the literature in terms of the stakeholder views towards green supply chain management. Knowing the different stakeholders’ views to greening initiatives requires qualitative study such as interviews

The Use of Reverse Supply Chains in Companies

3720 words - 15 pages Acquisition Our research suggests that this task—retrieving the used product—is key to creating a profitable chain. The quality, quantity, and timing of product returns need to be carefully managed. Otherwise, companies may find themselves flooded with returned products of such variable quality that efficient remanufacturing is impossible. Reverse Logistics Products need to be transported to facilities for inspection, sorting, and disposition

John Deere Logistics Cost Analysis

1031 words - 4 pages John Deere & Company manufactures and distributes agriculture equipment as well as a broad range of construction and forestry equipment. The company is partnered with FedEx in order to maintain the logistics flow involved with the company’s transactions. FedEx is responsible for providing outsourced transportation services to 11 Deere facilities across the US and Canada. The 11 Deere facilities have different service agreements with FedEx in

Similar Essays

Reverse Logistics Essay

953 words - 4 pages return equation, and appears to point to the right measure of resources. Any reverse logistics initiative should reduce real costs which intern satisfies the customer. If want to understand the implications of process management by implementing a successful reverse logistics system within the supply chain. We need to understand what drives inventory through the areas of distribution, production and Post-Goods-Issuance (PGI). Its success is

Reverse Logistics As An Integral Part Of Supply Chain Management

2563 words - 10 pages logistics operations. A brief overview of those issues highlights the five main areas you should consider before starting a reverse-logistics program. A related issue is what kind of resources you are willing to commit to a reverse-logistics program. The obvious answer is that the level of potential benefits will influence how much a company will invest in such a program. Too often, though, companies shortchange themselves by failing to devote

Logistics Essay

4386 words - 18 pages point for the purpose of capturing value otherwise unavailable, or for their proper disposal.' Reverse logistics can include:Damaged merchandiseSeasonal inventoryRestockSalvageRecallsRecyclingHazardous materialObsolete equipment dispositionAsset recoveryReverse logistics is the backward flow of what all the companies wish would be a forward-only process. If the companies expect zero product returns in their supply chain, they are living in

The Reverse Supply Chain: Question And Answers

865 words - 4 pages . (2013). reverse in green. In preuss, green management (p. 51). shah, m. (n.d.). Public Reverse Logistics Networks and Environmental Regulation . 2012. shan, j. (2012). Private Reverse Logistics Networks for Product Recovery . Srivastava. (2007). chronology of green supply. Vrijens, K. a. (1995). APPENDIX Questionnaire 1. Is reverse supply chain management is efficient way to work efficiently. -Yes