Reverse logistics

1. What is reverse logistics (RL)? How does it differ from forward logistics Reverse logistics is 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 consumption to the point of origin for the purpose of recapturing value or proper disposal. More precisely, reverse logistics is the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal. Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics. Difference from forward logistics:
There are many differences between reverse and forward logistics, some are as follows,
Forecasting is more difficult in reverse logistics because of the greater uncertainty, while in forward logistics its relatively easy.
Transportation costs tend to be higher in reverse logistics; low in forward logistics. Forward logistics is often movement from one-to-many destinations; reverse logistics on the other hand is many-to-one movement.
Products in forward logistics are packaged by professionals, which protects it in transit from damage. The packages are furthermore optimized to be handled easily. In contrast, the products in reverse flow may be inadequately packaged and may be further damaged during transit and may be hard to stack neatly to optimize the space during transport.
The visibility in reverse logistics is lacking compared to forward logistics because of the lacking information system resources that is required to do this. Additionally, because, the lack of focus on reverses logistics; the resources to fix this are often not available. 2. What are the reasons for products’ return? What are the types of reverse logistics? Reasons for product return: • Incorrect Product or Size Ordered
• Product No Longer Needed
• Product Did Not Match Description on Website or In