Reverse Logistics is slowly but steadily moving towards of path of being an integral part of the total supply chain management. Known to a very few in the past, today it is important for long term success of any business venture and especially to online business whether it’s aÂ B2C (e.g. retail), B2B ( e.g. wholesale) or a C2C (e.g. auctions and information portals) enterprise. Reverse logistics is the perfect example of the concept of recycling for maximal benefit. Some people also call it the trash to cash theory.
Reverse logistics involves using unused, returned, broken goods, and scraps to run backwards in the supply chain to get value from them.Â Though the process may sound absurd to those who have not implemented it, it indeed has long term benefits for manufacturers, suppliers and distributors.
Reverse logistics has been especially beneficial in today’s scenario where the price of fuel, oil and also other commodities are rising steeply like never before. So, even scraps that have added up to the total production cost are further used for the maximal benefit of the company.
So, crucial has reverse logistics today become that there are special service providers that deal exclusively in this sphere of supply chain management. Their main purpose is to help manufacturers and suppliers find potential buyers for products like defective or broken which would otherwise become useless trash. It is interesting to note here that recent survey has shown that some retailers can recover up to 0.3% of annual sales by availing the services of reverse logistics.
So, where and how do you find quality reverse logistics service provider? Well, the answer is simple. All smart retailers go for the online source. This is because here you would get access to the best ones at just one place. All you have to do is prepare a checklist of your individual requirements that suit your business type and select one accordingly. Reuse of products through reverse logistics also helps in contributing substantially towards reducing landfill fodder and thus enhancing eco-friendliness in the long run. So, resort to this service right away to get the maximum from recycling and reusing!
Hi, I am Mike Arthur; expert in Reverse Logistics