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Supply Chain Glossary

Glossary  >  L  >  Logistics, Reverse  


 

Logistics, Reverse


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Most supply chains are forward looking and deliver goods to customers.  When the customer seeks to return the goods, the challenge is described as reverse logistics, as most supply chains are not configured to allow collection of goods from the customer, unless equipment is designed for refurbishment or planned for offsite repair.  Reverse logistics refers to all those tasks associated with a product/service after the point of sale, including planning, implementing and controlling the cost-effective flow of raw materials, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value, or proper disposal.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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Last update 4 Jan 2019
Global Manufacturing PMI at lowest level since September 2016
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



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