Posted by
Angela Walker in
Reverse Logistics on
01 14th, 2011 |
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You may have heard the term, Reverse Logistics pop up frequently these days. Today, having a good Reverse Logistics program is a very important component to controlling supply chain management costs and managing inventory.
The Council of Supply Chain of Supply Chain Management Professionals (CSCMP) defines reverse logistics as: The process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of origin to the point of consumption for the purpose of...