ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Returns
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Reverse Logistics
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Backward movement
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None of the above
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Detailed explanation-1: -What Is Reverse Logistics? Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. Once a customer receives a product, processes such as returns or recycling require reverse logistics.
Detailed explanation-2: -The reverse logistics process The customer decides to ship a product back to the retailer. The customer drops off the item at a pickup point or at a local store, or uses a returns label to post it back to the retailer’s warehouse.
Detailed explanation-3: -Reverse logistics activities include the return of used goods and the partial recover of its originally existent value. Four channels are relevant: recycling, reuse, remanufacturing, and final disposal. There is a high potential for value recovery by reusing the internally generated waste.