How to plan a complete reverse logistics strategy in a company?

Returns Management

Ex: This process deals with product returns or avoidance from customers. These activities should be fast, controlled, visible and direct. Customers judge companies based on their return traffic and return policies. Reentry means returning an item a second time. Often, these returns trigger an extended return policy, such as offering store credits. For example, a customer buys a returned product at clearance and takes it home to find it is broken. Store policies generally don't accept returns, but it does allow store credits for faulty products. Returns may also occur when the seller refuses to return them and returns them to the buyer without a refund. This can happen with custom-made items.

Return policy and procedure (RPP)

Ex: The return policy that the company shares with its customers is called RPP. These policies should be visible and consistent. Employees should also follow these principles.

Remanufacturing or Refurbishment

Ex: Another type of reverse logistics management includes remanufacturing, refurbishment, and refurbishment. These activities repair, rebuild and rework products. Companies recycle interchangeable, reusable parts or materials from other products, also known as part disassembly. Refurbishment involves disassembling, cleaning and reassembling products.

Packaging Management

Ex: It focuses on the reuse of packaging materials to reduce waste and disposal.

Unsold Goods

Ex: It handles returns from retailers to manufacturers or distributors. These types of returns may be due to poor sales, stale inventory, or rejected delivery.

End-of-life (EOL)

Ex: When a product is EOL, it is no longer useful or does not work. The product may no longer meet customer needs or be replaced by a newer, better version. Manufacturers often recycle or dispose of end-of-life products. These goods pose environmental challenges for manufacturers and countries.

Delivery Failure

Ex: If the delivery fails, the driver returns the product to the sorting center. From there, the sorting center sends the product back to the origin. Although rare, some sorting centers may have staff to determine the cause of a failed delivery, correct the problem, and then resend it.

Rentals and leasing

Ex: When a lease or lease on a piece of equipment expires, the company that owns the product can resell, recycle or redeploy it.

Repair and maintenance

Ex: In some product agreements, the customer and the company maintain or repair the equipment if something goes wrong. In some cases, the company will repair the damaged returned product and sell it to another consumer.

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Reference:

Abby, J. (2021, January 14). Oracle Netsuite. A Guide to Reverse Logistics: How It Works, Types and Strategies. Retrieved from
https://www.netsuite.com/portal/resource/articles/inventory-management/reverse-logistics.shtml#:~:text=Reverse%20logistics%20refers%20to%20everything,build%20a%20better%20returns%20experience.

Chris. (2020, May 28). Industry Star. 5 Ways to Improve Your Reverse Logistics Operations. Retrieved from
https://www.industrystar.com/blog/2020/05/5-ways-improve-reverse-logistics-operations/

Concept Map 6: Reverse Logistics

Flowchart

Guo Ming (2021021062)