What role does reverse logistics play in a closed loop supply chain?
Closed Loop Supply Chain Management (CLSCM) refers to all forward Logistics in the chain (like procurement of materials, production and distribution) as well as the Reverse Logistics to collect and process returned (used or unused) products and/or parts of products in order to ensure a socio- economically and …
What is reverse logistics in supply chain?
Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. Once a customer receives a product, processes such as returns or recycling require reverse logistics.
Is supply chain management better than logistics?
Logistics focuses on the efficient and cost-effective delivery of goods to the customer. Supply chain management targets higher operational performance that will give the business a competitive advantage.
What is the difference between supply chain and logistics?
The basic difference between Logistics and Supply Chain Management is that Logistics management is the process of integration and maintenance (flow and storage) of goods in an organization whereas Supply Chain Management is the coordination and management (movement) of supply chains of an organization.
What is forward and reverse logistics?
Forward logistics are used to manage the forward movement of goods as they transition from raw materials to end-consumers. Reverse logistics refer to moving products and materials back into the supply chain post-delivery.
Why do companies have reverse logistics?
Reverse logistics provide a way to extract the maximum value from products at the end of their life cycle. This includes the ideas of recycling where possible, repairing when it is plausible, among other ideas to extend the product’s lifecycle.
Are supply chain and logistics interchangeable terms?
The terms logistics and supply chain management are sometimes used interchangeably. “Supply chain management incorporates the field of logistics and logistics is a number of sub-processes within SCM,” said Michael Kirby of National Distribution Centers.
Does supply chain include logistics?
Logistics refers specifically to the part of the supply chain that deals with the planning and control of the movement and storage of goods and services from their point of origin to their final destination. Logistics management begins with the raw materials and ends with the delivery of the final product.
What is third party and fourth party logistics?
A 3PL company arranges freight carriers and warehousing by dealing directly with the service providers. A 4PL company, on the other hand, arranges the same services and more for a client but does so by employing companies such as 3PL companies, who use their vast network of carriers and warehousing providers.
What is a closed-loop supply chain?
The closed-loop supply chain (CLSC) is comprised of two distinct cycles: forward logistics and reverse logistics. The forward logistics process creates and delivers a new product, while reverse logistics comes into play after the item has served its purpose.
What is the difference between closed loop manufacturing and reverse logistics?
Now the differences: One is for manufacturing product and the other is for recycling goods or disposing of dangerous materials. Closed loop is for profit and resale whereas the REVGO ( REVERSE LOGISTICS) IS PART OF CSR, recycling packaging and saving environment.
What is the difference between reverse logistics and supply chain?
A supply chain, in its classical form (forward supply chain), is a Meindl 2007 ). Accordin g to the American Reverse Logistics Executive Council, reverse logistics is and Tibben-Lembke 1998 ). I ndeed, reverse logistics, in general forms, start from end users (first some used parts.
How many scientific papers have been published on reverse logistics?
Reviewed 382 scientific papers on reverse logistics and closed loop supply chain. Content analysis is employed to ensure the scientific rigor of this review. Gaps of related research is identified and future research opportunities are identified.