Paper type: Essay Pages: 4 (984 words)
Growing e-waste problem is a paramount concern and most of the people are not aware of how they can contribute to reduce this problem. Integrating recycling into your supply chain can save money and time sourcing resources that may be otherwise hard to secure.Reverse logistics is what happens to the product after sale ” product returns or recycling after use. A typical supply chain is focused around driving product from source, manufacturing and distribution to the customer.In industries ranging from carpets to computers, reverse supply chains are becoming an essential part of business.
Reverse logistics was definitely an untapped and highly unorganized leg of the complete logistics process in India. In fact, the whole end-to-end logistics eco-system had not matured until 2″3 years back.However, with the boon in the e-commerce sector, the need for a highly customized and organized logistics and supply chain became dominant. Hence, we saw logistics technology start-ups penetrating this segment with full throttle. This rise in logistics technology providers have immensely improved the complete process and we now have a matured reverse logistics management back-end enabled by highly configurable technologies.
Primarily focusing on the technology aspect of the end-to-end logistics management.Products like LogiNext’s Reverse, has a comprehensive solution to manage reverse logistics and will surely reduce costs of upto 25% with automating the reverse logistics ecosystem. It has been actively adopted by many E-commerce players like PayTM.LogiNext Reverse seamlessly integrates with SAP, Microsoft, IBM, Salesforce or in-house ERP, OMS and CRM systems using open APIs and provides -Planning and optimizing routes and capacity for all distribution models, including Multiple Pick Up-Single Drop and Multiple Pick Up-Multiple Drop AlgorithmsReturn-to-origin (RTO) and Return-to-merchant (RTM) support for every shipment in reverse flow, with real time reverse shipment trackingWith such a plethora of possibilities companies can manage reverse logistics in the most efficient way possible, which will ensure big cost cutting.But what is bothering the industry the most is Reverse Logistics.The average returns or products shipped back to suppliers by the consumers either for defective products or something which doesn’t fit or suit the requirement are pegged at as high as a quarter of the total gross merchandise value booked by the firms put together.When you pick up your smartphone or turn on your TV, you probably don’t think about the parts and labor it took to create the device. Yet everything we consume today, from printers to purses, has a supply chain behind it.The weight/ height/shape etc. vary across a very wide range of values in case of products in ecommerce. It’s a common phenomenon that the returned package in case of a sale made online may be tampered or incorrectly packed, incorrectly packaged items may sometimes lead to quality degradation in transit too. We have a solution for everything. If a device can be refurbished, it will be. If it cannot be used, it will be used for raw material recovery,Reverse supply chain isn’t a new idea, either ” consider milk delivery until the conventional grocery store system changed how we buy milk. Milk was delivered in bottles you were expected to return so they could be re-used. Reverse logistics requires the companies to delve much deeper and understand the reasons of returns and predict the acceptability of the products to the consumers who are making online purchases. Reverse logistics is a by-product of the sales made electronically that shall continue to exist as long as the business of selling goods on internet exists thus the companies must include reverse logistics as a part of corporate strategy, rather than considering it as an afterthought of sales. It’s said strength of the process is how it performs during adversities, and reverse logistics bear tremendous potential to help companies get new customers or lose the old ones.Rapid technological advancements and globalisation of economy has made it possible to make electronics products available to all but, on the other side, it has also led to the E-waste generation. Reverse logistics and returns management are a very specific discipline that often gets lumped into the broader ecosystem of generalized supply chain activities. I believe that the true differentiator in the handling of reverse logistics within these entities is their ability to integrate the entire order process from cradle to grave. For example, you are a technician and require a part to be delivered to you at a job site. Most all 3PLs and logistics entities could handle that particular new part request to an awaiting technician. (I.e. key steps of = order signaling, entitlement management, sourcing, order pick, order pack, on board courier and delivery to you, the technician). Earlier Companies were no longer afford to treat reverse logistics management as an afterthought. Their needs to be a core capability within the supply chain organization. For years, most shippers paid little attention to returns.But now things are completely changed & now companies are realizing & understanding the importance to manage their reverse logistics programs. It can not only reduce costs, but also increase revenues as well. It can also make a huge difference in retaining consumer loyalty and protecting the brand. Most of the times reverse logistics is not considered as a specialized niche. However, as has been rightly pointed out above, large logistics service providers are often capable of managing reverse logistics and reverse supply chain solutions at some level and degrees. However, as this is not considered to be a niche, very few providers will ever have dedicated resources for reverse logistics. This often results in confusion and unnecessary burden on costingOverall, the recycling and reusing or refurbishing of materials has become more commonplace today. Recycling bins have become a common sight on garbage day. Filled with plastic bottles, newspapers, aluminum cans and cardboard, our recycling bins have become part of our household..Our mission and principles to collect and recycle various kind of waste in order to facilitate ecological sustainability and maintain our quality of life.
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Growing ewaste problem is a paramount concern and most of the people. (2019, Aug 20). Retrieved from https://studymoose.com/growing-ewaste-problem-is-a-paramount-concern-and-most-of-the-people-essay