what are benefits of implementing Reverse logistics in industry?

A number of organizations are capitalizing on reverse logistics opportunities. Companies such as Eastman Kodak (reusable cameras) & Hewlett-Packard (printer toner cartridges returned for refilling) have implemented successful reuse and recycling programs. These initiatives not only have reduced the amount of waste fed into the supply chain and the landfills, but also have lowered operating costs for these companies. many companies have been able to recover their cost investments from one or more of the following areas: raw material and packaging procurement, manufacturing, waste disposal, and current and future regulatory compliance.

The reverse logistics program is the best way to keep control of product. The details are abbreviations are according to industry.

*Pharmaceutical -- Reverse logistics program mandates the ownership of the product to the manufacturer. Protect consumer from defective product.

*CFMG ----Control of product, prevent  Market flooding, maintain ownership, protect consumer from the expired or unusable product 

The reverse logistics program is the best way to keep control of product. The details are abbreviations are according to industry.

*Pharmaceutical -- Reverse logistics program mandates the ownership of the product to the manufacturer. Protect consumer from defective product.

*CFMG ----Control of product, prevent  Market flooding, maintain ownership, protect consumer from the expired or unusable product

It allows manufacturers to increase customer satisfaction by providing a complete view of their supply chains, including goods in the return loop. Integrating the reverse logistics services into the complete logistics job provides feedback for the design, engineering, assembly and distribution. Reverse logistics involves is all about products that are returned by the customers, either for repair or after-sales service

High-technology firms characterized by rapid product obsolescence, high costs of goods sold, and medium to high logistics costs. With their emphasis on minimizing costs to increase margins, these firms tend to leave disposal to consumers and salvager's. They typically concentrate on distributing to channel members and consumers, who then must deal with product disposal themselves...