Logistics is the management of resources from the source to the point of consumption. A new concept that has been catching every businesses eye is ‘Reverse Logistics’. It primarily deals with the same parameters but in the opposite flow that is from the point of consumption to the source with the aim to recapture value of the product. To put it in layman understands it focuses on those goods which are returned from the customer on account of defects and damages
Reverse logistics is considered as the “greenest” part of any business logistics strategy.
The above statistics is a result of observation that a majority of goods that are returned are from the retail and electronic industries. Such products do not generate revenue for businesses and are discarded on accounts of faults. This tells about the amount of waste produced by a firm. The UN estimates that every year about 20-50 million tons of electronic and electrical waste are generated across the worldwide. Thus to manage e-waste is of utmost importance in environmental sustainability.
REPAIR and RETURN TECHNOLOGY (INDIA) PVT LTD is a subsidiary of JAYEM LOGISTICS is dealing with Reverse logistics. Repair & Return is a true end-to-end return management solutions company catering to both International & Domestic manufacturers. R&R provides Reverse logistics, RMA and Technical services including repair to whole range of Industry segments with customized solutions to lower their RMA costs and make them more competitive in their industry.
Return on Investment…Again:
When an organization, or any other business, purchases equipment, parts, or re-manufactured equipment it is an investment. This equipment improves profitability and has a positive return on investment. Whenever the time comes to get rid of this equipment, business owners could approach reverse logistics which reap a second return on investment from that equipment. Many electronics and computers contain high levels of metals, such as copper, iron, or steel, which may be sold for reuse in new devices. We are allowing equipment, to be reused or resold. Essentially, this is part of the recycling process, but for our purposes, we identify this as reuse due to the income generated through it.
Increase in Public Perception:
Environment protection is an obligation on every one. Environmentally-friendly businesses routinely see an increase in customer satisfaction and public perception of any company. For example, a single business who involves in reuse and recycling can make advantage of the mass-following of the Green Movement. By setting an example for others, a company who recycles their end-of-life products embraces the wants of the public. Higher customer acquisition rate and confidence from public is increased. Public good perception is an asset to company.
Reuse Encourages Competition in Manufacturing:
In any business cost of production decides its growth. By using this reverse logistics cost of production can be reduced. Natural resources are decreasing continuously and cost of production for synthetic materials is increasing. In this new perception recycling and reusing helps an organization growth tremendously