Advantages Of Reverse Logistics

In reverse logistics, the design, control, and operation of a recovery value system will reflect the whole life cycle of a product. This is the concept of closed-loop supply chains, in which zero-waste is achieved in the “forward flows of materials (from suppliers to end customers) and the reverse flow of products (post consumption) back to the manufacturing or distribution supply chains” (Book p.151-152). Reverse logistics supports closed-loop supply chains and coordinating the chains to achieve (or maintain) competitive advantage. A fragmented chain, where each member is only focused on its own processes, is considered a key Supply Chain Management problem. It is not wise for Sandvik to fragment, or decouple the forward and reverse supply chains.

With a particular finished focus to outline the perfect framework, I would firstly review the present logistics structure. It is fundamental to consider the adequately existing structure if any as this would help me to evaluate its lacks, central focuses, costs and

Logistics is a very important part of our every day lives, and it’s the reason why we have food on our table, and gas to fill our car to get to work. Almost everything we do on a daily basis involves logistics. In this research paper we will look at the different types of logistics innovation that companies are using to save money and get the products to the customer at much faster and efficient way. Amongst the innovation we will be looking is just in time logistics, and how companies are using this method to prevent stockpile. We will also look at containerization, and some of the advantage is has given to logistics operations. We will look at technology like RFID, and how this technology is improving the method of inventory taking, and tracking of goods, and last we will look at the Hub and spoke system, and how companies like Wal-Mart and the airline companies are using it to their advantage.

Logistics as a business concept evolved only in the 1950s. This was mainly due to the increasing complexity of supplying one 's business with materials and shipping out products in an increasingly globalized supply chain, calling for experts in the field who are called Supply Chain Logisticians. This can be defined as having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer and is the science of process and incorporates all industry sectors. The goal of logistics work is to manage the fruition of project life cycles, supply chains and resultant efficiencies.

The advancement of technology is changing the way businesses execute their logistics strategy. Businesses are now forced to leave their traditional way of doing business and adopting new methods and processes as a result of the Information Technology Era. Information technology has made the competition fiercer than ever before the internet is opening up the door for more markets to take advantage of the benefits that IT has to offer which leads to the markets competing to lower their prices in order to steal market share (Impact of eCommerce in Today’s Business World, 2015). Just because a company is successful and one of the leading businesses in

yet no clear understanding of how ICT are applied or of their impact (Feng and

The global marketplace, which has matured and grown in dramatic fashion over the course of the past two decades, has unveiled many new problems that accompany such a rapid growth spurt. The global market now reflects a multitude of differing ideas, opinions and approaches to how a successful economy should operate. As a result, a lack of standardization and unification is present in this situation and a clear demand for a level playing field is in order. Logistics and transportation avenues are in dire need of being reworked because of this multitude of key interests. Bearing the continued diversification of the client needs and integration prompted by globalization, there is an immediate need to add value to the existing transport and logistics chain, particularly on the side of the receiving clients. The purpose of this essay is to explore some of the methods to achieve a more balanced and fair approach to a global logistics chain and integrate some of these ideas into practical solutions.

“Technology has been at the center of changes taking place that affect the supply chain.” Discuss the impact of the Internet or Information Technology on Logistics Management.”

To cite this document: Janjaap Semeijn, David B. Vellenga, (1995),"International logistics and one-stop shopping", International Journal of Physical Distribution & Logistics Management, Vol. 25 Iss: 10 pp. 26 - 44 Permanent link to this document: http://dx.doi.org/10.1108/09600039510101780 Downloaded on: 01-04-2012 References: This document contains references to 27 other documents Citations: This document has been cited by 2 other documents To copy this document: permissions@emeraldinsight.com This document has been downloaded 2086 times.

Logisticians can also achieve ‘green logistics’ through reverse logistics operations which is designed to reuse products or dispose of them correctly, therefore reducing waste in the system. Rogers and Tibben-Lembke, (2001, p.130) define reverse logistics “as the process of planning, implementing, and controlling the efficient, cost effective flow of materials, in process inventory and finished goods, and related information from the point of consumption to the point of origin, the purpose of recapturing value or proper disposal”. Efforts that reduce this reverse flow are considered part of reverse logistics as they reduced the total amount of waste in the supply chain. Reverse logistics approaches include returns management, product repair/refurbishment, recycling of products and materials as well as the correct disposal of unwanted products. Figure 1 illustrates the product flow in reverse logistics and the principles of reverse logistics i.e. substitute, reduce, recycle and reuse (Wu and Dunn, 1995). All these reverse logistic approaches diminish the total quantity of waste in the supply chain and therefore can be used by logisticians in order to achieve green logistics.

Logistics is that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point-of-origin to the point of- consumption in order to meet customers ' requirements (Enarsson, 2015). Simply put, logistic means moving product from one point to another in the most effective way. The purpose of this assignment is to discuss the logistics activities, concept and technology because I know logistics is very important that is why I want to write more about it and explain each of the terms.

Logistics management’s primary focus is on optimizing the delivery of service to customers, by managing complex tradeoffs between customer service, transportation, warehousing and inventory. Some World Class companies have been able to reduce the costs of their logistics operations to 50% of the levels of their competitors.

Logistics management’s primary focus is on optimizing the delivery of service to customers, by managing complex tradeoffs between customer service, transportation, warehousing and inventory. Some World Class companies have been able to reduce the costs of their logistics operations to 50% of the levels of their competitors.

Source: Ballou, R. H., Business Logistics Importance and Some Research Opportunities, Journal of Logistics Management, Vol.4,

The logistics management activities generally consists of inbound-outbound transportation management , sourcing , warehouse management , procurement , order fulfilment , materials handling , network design , inventory management , supply planning ,production planning , demand planning ,scheduling , packaging and assembly and management of the third party logistic services and customer service providers etc .