Quantzig, a leading analytics advisory firm that delivers customized analytics solutions, has announced the completion of their new article on reverse logistics management. Without a reverse logistics process in place, organizations wouldn't be able to manage returns and channelize goods. This situation makes it difficult to understand whether the returned goods need to go to the warehouse for resale or to the manufacturing unit for re-manufacturing. Therefore, reverse logistics management is important to help companies in maintaining cost-efficient supply chain networks. Also, a better reverse logistics system can help companies to improve profit margins and operations.
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Benefits of Reverse Logistics Management. (Graphic: Business Wire)
"With a good reverse logistics process in place, companies can not only track returns but also increase the value of returned products," says a supply chain analytics expert from Quantzig.
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Benefits of Reverse Logistics Management
Digitally empowered customers are more informed than ever. This makes it vital for businesses to maintain a good relationship with their customers. Today the number of purchases made online has increased significantly. This, in turn, has raised the expectations of customers and they want hassle-free and convenient return process. A good logistics management system can help companies in improving customer satisfaction and driving loyalty.
Quantzig's logistics management solutions help companies to tackle serious supply chain challenges by implementing corrective actions to improve the efficiency of processes Request a free proposal to gain better insights.
Reverse logistics management helps businesses to improve the speed of return and replacement. As a result, the burden on the inventory reduces. Furthermore, the amount of capital hooked up in the inventory reduces leading to significant improvements in ROI.
Improved Environmental Sustainability
Advanced supply chain analytics solutions like reverse logistics management can help organizations to implement environmentally sustainable strategies. Also, such solutions play a crucial role in reducing the burden on the resources and assets that are important to keep inventory running.
Want to learn more about the benefits of reverse logistics management? Read the complete article here
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Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal
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