What is the significance of reverse logistics in supply chain management? 🔊
Reverse logistics holds significant importance in supply chain management as it deals with the process of handling product returns, recycling, and waste management. Its significance lies in improving customer satisfaction and reducing operational waste. Efficient reverse logistics systems allow businesses to recover value from returned products through refurbishing or reselling, minimizing loss. Furthermore, it supports environmental sustainability efforts by ensuring proper waste disposal and recycling of materials. A well-structured reverse logistics strategy contributes to overall operational efficiency and enhances brand reputation.
Equestions.com Team – Verified by subject-matter experts