We all are aware that logistics is a part of the supply chain management system. Whereas logistics entails the forward movement of goods within a supply chain, reverse logistics on the other hand can manage the reverse management of products.
In other terms, it refers to returns management within the supply chain function. Reverse flow is as essential as the forward movement of the supply chain. By estimating a consumer supply chain process flow, you can arrive at the conclusion that reverse flows are crucial within a supply in order to recover the product expense comprehensively. Reverse logistics also takes into consideration the moving of goods from one point to the other.
The difference likes in the fact that it shifts from the point of consumption to the point of origin. The process of Reverse Logistics is defined as "The process of planning, implementing, and controlling the efficient, cost-effective flow of raw materials.
Finally, reverse logistics helps us product recycling to be able to recapture the value of the product and its disposal. Some can be renovated, modified, and resold. In some situations, a part of the good too can be remanufactured or recycled.
It also helps accelerate the productivity of the store associates and warehouse staff. Thus reverse logistics helps businesses evaluate their position and utilize the opportunity to provide goods measuring up to customer expectations. Businesses can enjoy exclusive customer loyalty and retention privileges without bearing any losses with reverse logistics.