Importance of Reverse Logistics Management
In today s highly competitive business environment, success of any company depends on their supply
chain.
Companies can no longer focus only on forward supply chain management and ignore reverse
supply chains as...
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Importance of Reverse Logistics Management
In today s highly competitive business environment, success of any company depends on their supply
chain.
Companies can no longer focus only on forward supply chain management and ignore reverse
supply chains as it has been seen that an efficient reverse supply chains bring many benefits to the
companies.
Customer today has become highly demanding and wants full value for their money.
Apart
from that highly hyper-competitive market, increased customization, and other retail challenges also has
an implication on logistics.
Companies like Walmart are trying to get more out of their supply chain to offer products at cheaper price
to their customers.
More and more companies are today outsourcing their supply chain management
solutions needs to a third party (3PL) while concentrating on their core competencies.
But without an
efficient and effective supply chain, companies cannot benefit from outsourcing also.
Moreover reverse
logistic is al
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