What is Reverse Logistics? Meaning.
Reverse Logistics is a supply chain that is dedicated to the
reverse flow of products and materials for returns, repair, remanufacture,
and/or recycling.
It is the logistics process of removing new or used products
from their initial point in a supply chain, such as returns from consumers,
over stocked inventory, or outdated merchandise and redistributing them using
disposition management rules that will result in maximized value at the end
of the items original useful life. A reverse logistics operation is considerably
different from forward logistics. It must establish convenient collection
points to receive the used goods from the final customer or remove assets
from the supply chain so that more efficient use of inventory / material overall
can be achieved.
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Compare with: Value
Chain | 3rd Party
Logistics (3PL) |
Waste Management |
RFID Technology
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