The numbers that accompany reverse logistics aren’t inspiring. It’s one of the major reasons behind businesses across the globe forfeiting sales, giving unrealistic discounts and absorbing regular disruptions in supply chain operations.
According to research, in the US alone the cost of return deliveries will be $550 billion in the year 2020.
It’s true that managing reverse logistics is no cakewalk, but unless businesses take that first crucial step to address some of the key challenges, they are looking at a future where it will be extremely difficult to recover losses. Having said that, it’s still not too late. By embracing an advanced supply chain and logistics platform, businesses can optimize costs of returns, minimize risks and make the entire reverse logistics process transparent and reliable.
Even though this infographic draws a grim picture of the state of reverse logistics, but there is always hope at the end.
FarEye has empowered 200+ customers in more than 20 countries drastically optimize their supply chain and logistics operations. To know how FarEye can help you improve visibility and control of your reverse logistics processes and shrink operational expenses sign up for a quick demo here.
In our happycustomers series., we happened to have a word with Mr. Anjani Kumar, the man behind recent success of Safexpress.
One of the most important pieces in this game of deliveries is the experience that the customer undergoes as a good Delivery Happiness Score is the cornerstone for customer retention and brand equity. For an on-time delivery execution to take place, a well-orchestrated engine needs to function like an oiled machine at peak efficiency.
When it comes to managing big field data, there’s hardly any better solution than a cloud-enabled mobile field service management software. Deliberately designed to bridge the gap between managers/decision-makers and field force, FarEye brings the whole company on the same page.