A process in supply chain to deal with returning of supplied goods to inventory means ‘Reverse Logistics’ This process deals with returning of any supplied goods to inventory. It involves any returned product by the end-user or inward disposal of packaging material, or recycling of the sold product.
A concept much ignored for years is now getting popular. Multiple research pieces suggest that the management of more than 40% of businesses thought Reverse Logistics is not important. Similarly, almost 35% of the supply chain executives claimed they do not have an efficient system to deal with this sector. In simple language, Reverse Logistics is the process in the supply chain that deals with the return of any supplied goods to inventory. This may include any product returned by the end-user, inward disposal of packaging material, or recycling of the sold product.