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Glossary Of Transportation, Logistics, Provide Chain, And Worldwide Trade Phrases

Reverse logistics refers to everything associated to returns and what occurs to these products after the buyer takes them again. That contains planning and implementing strategies to minimize back costs and losses associated to returns and to build returns expertise. Reverse logistics present one other crucial alternative for supply chain optimization. Supply chain management accounts for the reverse and ahead move of products, and a surge of returns can drive up supply chain costs, harming profitability.