What is reverse logistics in simple terms?

The full definition of reverse logistics, as according to The Council of Logistics Management, is the process of implementing, controlling, and planning the cost-effective flow of finished goods, raw materials, and in-process inventory. Some reverse logistics examples are: Return of goods by customers.

What are the types of reverse logistics?

What are the types of reverse logistics?

• Returns.
• Returns avoidance.
• Remanufacturing.
• Refurbishing.
• Packaging.
• Unsold goods.
• End-of-life.
• Delivery Failure.

What is reverse logistics at Amazon?

The second thing Amazon does well is it recovers profits through its Amazon Warehouse Deals reverse logistics policy. Through its repair or refurbishment and repackaging operations, Amazon can resell used products instead of losing money on failed or unwanted items.

How is 3PL different from 4PL?

A 3PL manages outsourced logistics and distribution activities for a specific customer, while a 4PL manages customer 3PLs and provides complete visibility within a one-stop shop, says Don Klug, vice president of sales distribution center management, Penske Logistics.

Who invented reverse logistics?

Shad Dowlatshahi
Shad Dowlatshahi in his paper titled, Developing a Theory of Reverse Logistics described a holistic view of reverse logistics with 11 factors. Dowlatshahi further divided these factors into two main categories: strategic factors and operational factors.

What is agile logistic?

Agile logistics is the integration of manufacturing, transportation and information across the extended enterprise (i.e. the entire supply chain) to provide competitive advantage through real-time flexible response to unique and changing customer requirements.

What is forward and reverse logistics?

Forward logistics are used to manage the forward movement of goods as they transition from raw materials to end-consumers. Reverse logistics refer to moving products and materials back into the supply chain post-delivery.

What are 3PLs and 4pls?

https://www.youtube.com/watch?v=DAMwauQrt9c