Reverse Logistics (Returns)

Reverse logistics or returns can be found in virtually all manufacturing and distribution facilities that ship to internal and external customers.

A conservative estimate is that reverse logistics accounts for a significant portion of U.S. logistics costs. Logistics costs are estimated to account for approximately 10.7 percent of the U.S. economy. However, the exact amount of reverse logistics activity is difficult to determine because most companies do not know how large these are. Of the firms included in this research, reverse logistics costs accounted for approximately four percent of their total logistics costs. Applying this mean percentage to Gross Domestic Product (GDP), reverse logistics costs are estimated to be approximately a half percent of the total U.S. GDP. This would account to approximately ($ 11,667.515 Billions x 0.5%) $ 58.34 Billion in 2004 in the U.S. alone. 

There are many plans and methodologies designed to handle reverse logistics and returns. Remstar’s automated storage and retrieval technologies are ideal for handling these situations. From buffering parcels and items returns, to sorting items by department or function to restocking it back into inventory, the analysis of your business will determine the best methods and procedures.

Remstar’s integrated systems solutions group will be happy to discuss your needs and develop a strategy which takes into account your business goals, plans and objectives.

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