Essay Example on Reverse Logistics: Gatekeeping & Prevent Misuse of Power

it is part of the supply chain process that responds to activities associated with reversal logistics, gatekeeping, and prevent misuse of power within the business and its major payers within the supply chain. The right application of this process helps the management not only to track the reverse flow of product effectively and to pinpoint prospects to reduce the undesirable returns to enable the business to control reusable asset like boxes.

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This paper will describe the terms used during its sub-processing and the activities that asserted the process with its boundaries within a corporate function, other supply chain management processes with other business.

Many firms find return management useful, mostly in the USA. The customers usually return most general goods that are estimated to amount to approximately seven percent of their annual revenue.

How well company manages the crises will make a significant difference in how your company brand perceived in the public's eyes and how well it succeeds in today's highly competitive marketplace. In the current economic situation, most of the time, product recalls are almost impossible to prevent at all times. However, having an effective product recall management program, at least your team can manage the crisis appropriately with necessary response actions. Protect the health and safety of your customers, comply with regulatory requirements/laws, and protect the image and reputation of the company and its products.

When a product recall impacts your business, few companies adequately prepared to navigate the regulatory complexities and the demands on internal resources. That's where Realtime Results can help. Our years of expertise handling product recalls across a host of industries gives you a partner you can trust and a resource that will keep your employees focused on the parts of the business that make you money.

If product recalls adequately handled, a company cannot only keep damages to a minimum but also may find opportunities to reap unexpected benefits. Consider Saturn Corporation's early recall experience. A month after the first Saturns launched, the company discovered a flaw in the car's front-seat recliner mechanisms. As soon as it had tracked down the problem, Saturn voluntarily recalled 1,480 vehicles. After briefing dealers on the recall by closed-circuit television, the company contacted all customers by letter through an overnight delivery service and told them whether their car was affected. The recall went so smoothly that the company incorporated it into its advertising campaign. One ad showed a Saturn representative flying to Alaska with a replacement seat. That car had purchased elsewhere because there were no dealers in Alaska: the ad showed how far out of its way Saturn would go to satisfy customers.

Conclusion

At the point when an item review impacts your business, not many organizations are enough arranged to explore the administrative complexities and the requests on inside assets. That is the place Realtime Results can help. Our long stretches of mastery dealing with item reviews over a large group of ventures give you an accomplice you can trust and an asset that will keep your representatives concentrating on the business pieces that make you cash.

References

Bapuji, H., Hora, M., Li, H., & Roth, A. V. (2019, July). Global Supply Chains, Product Recalls, and Corporate Social Responsibility. In Academy of Management Proceedings (Vol. 2019, No. 1, p. 16216). Briarcliff Manor, NY 10510: Academy of Management.

Kong, D., Shi, L., & Yang, Z. (2019). Product recalls, corporate social responsibility, and firm value: Evidence from the Chinese food industry. Food policy, 83, 60-69.