Most attention to product is paid at the beginning of its lifecycle, or at the volume-shipping part of its lifecycle. Now, however, companies are beginning to understand that reverse logistics, or the returns or unsold products, is just as important to acknowledge because of various reasons, but most importantly, because of profitability of products and customer satisfaction during the return process.
It is so important to realize that reverse logistics is too important to keep as an afterthought. In fact, the volume of returns annually is between $150 and $200 billion at cost. This leaves a huge opportunity for businesses to create more profitability for their supply chains. Learn more about how a simplified and acknowledged reverse logistics flow can benefit your company by clicking the green button below.
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