Impact of Reverse Logistics on Supply Chain Performance Essay

Impact of Reverse Logistics on furnish Chain Performance - Essay ExampleHence, the importance of reverse logisticals is becoming an integral point of friendship in corporate sector. Mastering the process of reverse logistics advise have a direct equal on companys ROI, operating cost and the level of customer service needed to compete in todays economy. Competitive prices, yield quality, on while deliveries, consistent order musical rhythm times and low damage rates have always been important and will stay to be so in the future as well. As a procedure, Reverse Logistics merchant ship be referred to as those activities, which are related to getting goods (packaging, materials, products) back from the point of use so that they cease be resold, refurbished, accustomed or reused properly. Activities that are involved in the process of reverse logistics include collecting goods, sorting them out, establishing logistic providers network to return and transport good, remanufactu ring or refurbishment of selected goods, reuse or resale and finally disposing of. For a practitioner, the selection can be determined by the most lucrative alternative. Reconditioning is an activity in which a product is repaired and cleaned to bring it to a new state. Refurbishing involved in overhauling of the product, refurbishing is similar to reconditioning. Remanufacturing it requires more extensive work, in a lot cases, a product is completely disassembled and then prepared all over again Resell it refers to tradeing the product again as a new product or to a new market Recycle also called as asset recovery, in recycling the product is reduced to basic elements which can be used again The core purpose of reverse logistics is to plan and process effectively in order to reverse the supply chain. By doing so, firms can properly determine and allocate returned products for disposition. Disposition can be referred to as that area which offers several opportunities of supp lementary revenue to business. Reverse logistics is not about solely counting defective or returned goods from customers. The purpose of reverse logistics include repairs processing, product recall protocols, return insurance policy administration, parts management, product repackaging, maximizing value of liquidation, product disposition management, recycling and much more. Being remiss to returned or defective goods can be harmful to company not only in monetary value of losing revenues, but also in terms of losing regular customers. Even the most loyal customers will amaze to escape if they find continued offering of defective products. In todays intense competition, it can become difficult for a firm to survive if it does not consider these minor points and does not take up to alter its supply chain activities as per the demand of the situation. With the passage of time, alterations and modifications are required in from each one step of supply chain. Failing to do so can cause firms huge loss of time and money. Impact of Reverse Logistic on Supply Chain Management The growth of reverse logistics in assembled products is increasing in direct proportion to the advancements in technology. It is also directly propotional to the subsequent price wearing away