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.
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We recently stopped by at DoorMint's office and had a small chat with Mr. Piyush Ranjan over a cup of coffee. Hard - core techie and an entrepreneur at heart, Mr. Piyush Ranjan loves building innovative, user friendly and scalable systems that solve real problems.
Today's customers are impatient and unforgiving. Take Jenifer's case for instance. After repeated incidents of delayed deliveries, she left her online food delivery provider for good. But this would not have happened only if the delivery provider used an advanced route optimization software.