In the fast-paced world of reverse logistics, having efficient and standardized processes is essential. Setting up standard operating procedures (SOPs) not only brings order to the chaos but also ensures consistent performance and improved efficiency. From the proper handling of returns to the management of surplus inventory, having well-defined Standard Operating Procedures can streamline operations […]
Tag Archives: Reverse Logistics
Blog, Logistics and Supply Chain
How to Calculate Your Return on Investment (ROI) in Reverse Logistics.
08
Mar
Mar
Learn the key steps to accurately determine your Return On Investment in reverse logistics and optimize your business strategies. Key Takeaways: 1. Calculating ROI in reverse logistics is critical for organizations to assess the profitability and efficiency of their operations. 2. Businesses can calculate the return on investment in reverse logistics by following a step-by-step […]
02
Mar
Mar
Discover how to select the perfect 3PL partner for your reverse logistics requirements. Understanding reverse logistics Reverse logistics is the process of controlling the flow of items from point of consumption to point of origin with the purpose of recapturing their value or disposing of them properly. It includes actions like product returns, repairs, refurbishing, […]
28
Feb
Feb
Key takeaways 1. LCL shipping is a cost-effective option for businesses that do not have enough cargo to fill an entire container. Regular LCL involves consolidating multiple shippers’ cargo into a single container for transportation. 2. Matson’s Fast Boat LCL service offers an expedited option for LCL shipments. It provides faster transit times compared to […]
Key takeaways Contracts, subsidies, fines, and laws that align the interests of the government and supply chain participants can be used to coordinate and incentivize RL. Although pharmaceuticals are necessary for human health and wellbeing, they also present serious risks to society and the environment. Unwanted or expired medication disposal can have a negative impact […]
22
Feb
Feb
Within the ever-changing pharmaceutical industry, where each tablet and vial has the potential to cure, there’s a little-known yet vital procedure called reverse logistics. Think of this as a medicine’s return trip—when it needs to be disposed of properly or doesn’t make it into the hands of a patient. We explore the complexities of pharmaceutical […]
The voyage of a medicine in the complex world of pharmaceuticals doesn’t finish when it reaches its destination. The return route, or reverse logistics, is just as important. When it comes to managing expired pharmaceuticals or returning unneeded investigational medical products (IMPs) from clinical trials, reverse logistics necessitates careful planning, risk reduction, and unwavering security […]
20
Feb
Feb
Reverse logistics is essential to the pharmaceutical sector for controlling the movement of goods from the point of consumption back to the manufacturer or approved disposal sites. Activities including returns, recalls, product disposal, and expiration are all part of this process. Reverse logistics efficiency is essential for patient safety, waste reduction, and regulatory compliance. Technology […]
19
Feb
Feb
In the sophisticated world of drugs, where vials of hope span countries, there is a parallel journey—quieter but equally important. This is the area of pharmaceutical reverse logistics, where outdated medications, damaged supplies, and excess inventories make their way back. In this story, we untangle the regulatory threads that run through this complicated process, delving […]
19
Feb
Feb
Pharmaceutical Reverse Logistics