What is Reverse Logistics? Essay examples

Arntzen, B. C., G. G. Brown, T. P. Harrison, L. L. Trafton. 1995. Global supply chain management at Digital Corporation. Interfaces 25(1) 69-93.

Reverse Logistics: the movement of products, materials and informations in the opposite direction for the purpose of

Strong investment in Information technology to streamline information flows and product flows along supply chain(RFID, Retail-Link system)

However, it is important to mention about an active RFID technology in order to understand why it is not suitable for the case of the production in-house logistics. Active system provides constant visibility of inventory, they are placed in the zones wherever inventory needs to

J&J’s supply chain has transformed from a decentralized approach with so little visibility to a globally aligned organization. Standardizing the most important things such as quality system, operational improvement methodologies, procurement, etc. has given J&J a competitive advantage. Moreover, J&J relies on the data provided at Internet of Things (IoT). The company is heavily involved with IoT in order to monitor their operations and to achieve a better coordination between suppliers and customers. (Chatterjee, 2017)

It is the responsibility of every organisation to minimize its waste and in the case of “Ourtyres4U” they must consider three factors to minimize their waste and this process can be known as Reverse Logistics. They are Reduce, Reuse and Recycle (Handfield, 2008).

Reverse Logistics. Once a customer places an order for an item and the item has an associated return value, the GCSS-A system populates a list that so that all parties can see and know what part needs to be returned and that it indeed has and associated return value. This is the true start point of the reverse pipeline of the Army’s supply chain. The Army’s reparable management process recovers and repairs assets (repair parts) to replenish serviceable inventories and satisfy the equipment readiness requirements. Commanders are responsible to ensure that their subordinate units are in compliance with local policy and Army publications (US Army, 2014). The Army uses a system call Standard Pricing (SP), which enables the Army to receive a

Effective supply chain management can provide an important competitive advantage for a business marketer, resulting in improved communication and involvement among members of the chain, increased motivation, and decreased costs. Tracking the movement of and demand for components used to manufacture a product across a variety of potential and actual suppliers, provides insight and the ability to respond instantly to shortages, surpluses, and changes in market conditions. It seeks to optimize production, decrease manufacturing time, minimize inventory, streamline order fulfillment, and reduce cost.

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.

Supply chains represent the procurement, production and distribution activities of an organisation. Within a supply chain, these activities are viewed as linked and reliant on one another to produce the final outcome. It is believed that if one component of the chain fails, the whole chain is broken and product/service delivery goals will not be achieved.

As a business manager it is important to understand the growth of IoT’s, because utilizing an IoT in your business can provide you with information to carry what products customers are looking to purchase. This would enable a manager to stay ahead of the competition and make more sales, by only ordering what your customers are going to buy. The IoT could help a manager make more successful business decisions.

Applications within the retails sector offer a major opportunity for business to reduce cost and increase profit. The implementation of the internet of things will enable retailers to track their inventory in real time. With products on shelves equipped with technologies such RFID TAGS and smart shelves would be equipped with sensors, retailers would be able to track the movement of products and quickly replace out of stock items. (Thomas W. Gruen, 2007)

The class text states that Supply chain management is frequently divided into supply chain planning applications, supply chain execution applications, logistics management, and warehouse management. Often when companies fail at implementing an efficient supply chain because of the planning section, or inaccurate demand forecasts. The text states electronic data interchange is one of the earliest uses of information technology for supply chain management, Electronic data interchange is the use of the Internet for everyday business transactions. “In this era of information a firm’s supply chain should operate at speed of thought and this is possible only by enhanced e-speed communications and information sharing with their critical partners.” (4)

Forward logistics (or conventional logistics) is the regular distribution channel followed by the manufactures from time immemorial. Forward logistics concentrates on the products (goods or services) reaching the consumer end and deals with the line of flow from the manufacturer’s end to the consumer’s end. It deals with the very essence of Supply Chain Management and logistical activities of an organization. It has a significant impact on the primary operations carried out, which act as the basic revenue generating aspect of a business. In this logistical system, the flow is a “one-to-many” type and the forecasting or traceability is quite simple.

The opposite logistics methodology consolidates the organization and the offer of surpluses, and things being return to dealers from buyers. Reverse logistics stays for all operations related to the reuse of things and materials. It is "the strategy of masterminding, realizing, and controlling the capable, viable stream of unrefined materials, in-technique stock, finished items and related information from the motivation behind use to the point of commencement with the final objective of recuperating quality or honest to goodness exchange. More totally, pivot logistics is the method of moving items from their normal last destination with the deciding objective of getting worth, or suitable exchange. The opposite of speak logistics is forward