The reverse logistics hazmat rule became effective immediately upon publication on March 31, 2016, making it critical that retail store owners and distribution managers get up to speed quickly. Here's how.
Customer returns are inevitable, and without a clear understanding and plan for managing returns, DIM weight expenses can easily challenge budgets and profitability.
Reassessing your reverse logistics plan for customer returns and excess inventory is a must in today’s retail environment. Look beyond traditional methods and approach this obsolete merchandise as an opportunity (versus a headache) to positively impact your business margin.
Debunking these five myths helps retailers and manufacturers see the real value of dedicated returns management.
Reverse logistics solutions can improve the bottom line, and reduce potential regulatory liabilities.
Liquidating overstocks and returned goods allows manufacturers and retailers to recover the items’ value.
Outsourcing reverse logistics to a third-party logistics provider offers shippers flexibility and cost savings.
Processing defective returns and overstocks quickly helps retailers maximize the recovery rate on this inventory.
Planning for peak returns season can minimize processing costs and maximize recovery values of returned inventory.
Reverse logistics presents an opportunity to streamline processes, reduce expenses, and increase asset recovery values.