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Part - V

Information systems should also include detailed information programs about important reverse logistics measurements, such as return rates, recovery rates, and returns inventory turnover etc.

For many companies, current information systems do not allow them to monitor the status of their returns. Additionally, useful tools such as radio frequency (RF) are helpful. New innovations such as two-dimensional bar codes and radio frequency identification license plates (RFID) may soon be in use extensively.

Conclusion

Reverse logistics practices vary based on industry and channel position. Industries where returns are a larger portion of operational cost tend to have better reverse logistics systems and processes in place. For Reverse Logistics to be successful, collaboration between the supply chain partners is very important. Technologies like bar-coding and RFID helps in making reverse logistics operations more effective and responsive.

Conclusion.

* Contributed by -
Rakesh Verma & Vinayak Vhatkar,
PGDIE Class of 2005,
NITIE, Mumbai.