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SpendEdge Identifies Reverse Logistics and Supply Chain Challenges – Request a Free Proposal for Exhaustive Insights

December 2, 2019 GMT

LONDON--(BUSINESS WIRE)--Dec 2, 2019--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the reverse logistics and supply chain challenges.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191202005669/en/

Reverse logistics is one of the most complicated terms. Assessing, repairing, repackaging, relabeling, restocking, reselling, recycling, and refurbishing are the additional steps involved in the reverse logistics process. At times, this cost of reverse logistics reaches four to five times of forward logistics. However, it represents huge opportunities for value creation. Best-in-class companies directly correlate their reverse logistics to positive impacts on customer satisfaction,brand equity, competitive differentiation, and profitability.

Wondering how understanding reverse logistics can help you devise effective supply chain strategies? Request a free brochure to gain insights into our customized solution portfolio.

SpendEdge offers customized procurement market intelligence solutions to help companies across various industries make better purchasing and reverse logistics decisions, stay informed, mitigate different types of procurement risks and gain a complete picture of the supply market. Our solutions help procurement and sourcing professionals to transform structural capabilities, improve execution efficiency, and fast-track time to savings.

Major Hurdles for Supply Chain Managers

Difficulty in value assertion

Ascertaining the value of products in reverse logistics is a major task for companies. For instance, if a product worth $1000 is being returned by customers due to minor defects, it is neither worth the original cost nor can its cost be brought down to zero. Firms must adopt a proper mechanism and consider the usable status of the goods to reach the value of the product.

Want to know how your competitor companies are addressing this situation and improving their profitability? Reach out to our experts for specific insights.

Search for an efficient repair process

Any reverse logistics system requires an efficient repair process for its smooth functioning. A software that can streamline this process and provide visual guidelines for technicians can drastically improve the process. Video tutorials can help companies compress the learning curve and speed up the entire repair process.

Improving the reverse logistics process is crucial for companies to keep pace with changing customer needs. Register for free and gain instant access to 1000+ procurement reports.

Keeping track of the warranty status

Handling warranties is one of the complex tasks and leads to financial losses. Many times, companies find it difficult to track the second warranties. RL software fails to track second warranties back to OEMs, thereby making the process of placing claims more difficult and losing warranty reimbursement amount from the suppliers.

To obtain more information on reverse logistics and supply chain challenges faced by companies, read the complete article here!

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About SpendEdge:

SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Want more information?We’re happy to help! Tell us more about your business challenges.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005669/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 12/02/2019 11:11 AM/DISC: 12/02/2019 11:11 AM

http://www.businesswire.com/news/home/20191202005669/en