What is reverse logistics?

Reverse logistics indicates the flow of goods and services between the company and the client after the provision of goods or services. The use of good reverse logistics procedures is becoming increasingly important in today's market because it reduces business costs and increases the client's loyalty. Some of the common reflections in reverse logistics are return, repair and related transport of goods back to the company and then again to the client.

In business, logistics concerns activities and processes that help the company move good or service to their clients. This is often called logistics forward because it includes a move forward along the supplier chain, from development, to production to distribution. After distribution, products that must return to the company must move back along another supplier chain, giving reverse logistics its name.

One of the most common occurrences in reverse logistices is a return. For example, revenues can be allowed for distributors who order more inventory thancan move effectively. In most cases, the return on the product for business is expensive due to the costs associated with transport, reconstruction and redistribution. Good procedures in revenues help the company save money and offer quick services to clients, increase loyalty and help businesses make more money in the future.

Repairs are another major part of reverse logistics, especially in the technology industry. Many products come with a warranty and can be returned, repaired and sent back without additional costs to the client. This again means that the company will pick up the account for repairs. Products that are obsolete or broken can also be returned to recycle them, which is another cost that the company often pick -up instead.

In the past, reverse logistics has not always been considered an element of business that required smooth and efficient transactions. It's all thatMore importantly, when many businesses compete for clients through marketing their reverse logistics practices. Good reverse logistics procedures require that the supplier chain be equally efficient in obtaining products back to the company, as logistics is to get these products to consumers.