Download or read book Capturing Value from Decentralized Supply Chain with Third Party Reverse Logistics written by Yertai Tanai and published by . This book was released on 2016 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: As competition in the global market continues to grow and customers are becoming more environmentally as well as cost conscious, recent trends in retail practices attest to the attention and resources devoted to the returns in supply chains. Topping the list is the economic incentive to reap as much value as possible from returns. With the growth of an internet consumer base, vigorous competition and the advance of online sales regardless of product type, size and locations, many firms provide generous return policies. This has caused a significant increase in the volume of reverse flows and therefore great potential for value recovery from returns. According to the National Retail Federation, the value of merchandise returned amounted to $260.5 billion in 2015. Hence, ways of improving the performance of a supply chain through effectively and efficiently closing the loop have received considerable attention both from academic researchers and industry practitioners over the past two decades. One way to recoup returns value as quickly as possible is to decentralize reverse logistics functions to third party reverse logistics providers (3PRLP). Outsourcing to a 3PRLP allows a firm to gain a state-of-the-art reverse logistics program immediately thereby avoiding the capital investment and start up delay required to implement an in-house RL program. This dissertation proposes two models of a Closed-Loop Supply Chain (CLSC) with independent 3PRLP for returns processing. The first model presents a CLSC where demand is generated by a stochastic process. A fraction of the units that are initially sold are returned by the consumers for a full refund in every period. We model the forward flow interaction between the supplier, the retailer and 3PRLP by a widely accepted control policy that is lot size-reorder point inventory policy, which is detailed by the Markov process. We further propose a queuing network to capture reverse flow activities of the 3PRLP, which consists of customer decision delay and each of the 3PRLP activities. We characterize the expected profits for both firms and derive the effects of key parameters through set of numerical examples. The results of optimization based on numerical examples indicate that both firms' benefits from processing returns increase with an increasing returns rate. This is due to fact that the retailer captures more profits through selling processed returns at the price of new product. The 3PRLP unambiguously earns more profit from increasing product returns since the fee from processing returns is sole source of revenue. Furthermore, the directions of effects of changes in the holding cost are similar for both the retailer and 3PRLP. However, the magnitude of effects of the same parameter are quite opposite. Interestingly, the retailer's profit appears to be more sensitive to the holding cost than that of the 3PRLP's profit. The second model analyzes coordination issues between a retailer and a 3PRLP to manage product returns. We formulate the returns processing capacity of a 3PRLP as a two-input production function where there is only one variable input. Crucially, this implies that the 3PRLP's short run marginal cost is strictly increasing. This key feature of the 3PRLP's short run cost function motivates two supply chain interaction scenarios. In an uncoordinated supply chain, the retailer acts as a market leader who makes a take-it-or-leave-it fee and quantity of returns offers to the 3PRLP. With increasing marginal cost of returns processing and retailer market power, the quantity of returns processed is inefficiently low due to a standard monopsony argument. In a coordinated supply chain, the retailer and the 3PRLP jointly decide on the returns quantity to be processed in order to maximize the total profit for the supply chain. An appealing approach to model how the benefit to coordination is shared between the two firms is Nash bargaining. Accordingly, we characterize the Nash bargaining solution with asymmetric bargaining powers, assuming that the disagreement payoffs are given by the uncoordinated supply chain profit levels. The underlying model is one where the retailer and the 3PRLP negotiate the quantity of returns and the per unit fee, while both recognize that if they fail to reach an agreement, the retailer is poised to make a unilateral offer as in the uncoordinated case.

Download or read book Reverse Logistics Capturing Value in the Extended Supply Chain written by Moritz Fleischmann and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Product flows in today's supply chains do not end once they have reached the customer. Many products lead a second and even third or fourth life after having accomplished their original task at their first customer. Consequently, a product may generate revenues multiple times, rather than a single time. Capturing this value requires a broadening of the supply chain perspective to include new processes, known as 'reverse logistics', as well as multiple interrelated usage cycles, linked by specific market interfaces. Coordinating the successive product uses is key to maximizing the value generated.In this chapter, we review the field of reverse logistics. We discuss its opportunities and its challenges and indicate potential ways for companies to master them. We highlight what makes reverse logistics different from 'conventional' supply chain processes, but also point out analogies, and explain how both views can be integrated into an extended supply chain concept. We illustrate our discussion with examples of reverse logistics practice at IBM.

Download or read book Reverse Logistics Capturing Value in the Extended Supply Chain written by Moritz Fleischmann and published by . This book was released on 2004 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Reverse Logistics written by Rommert Dekker and published by Springer Science & Business Media. This book was released on 2013-06-05 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses decision making in reverse logistics, which concerns the integration of used and obsolete products back into the supply chain as valuable resources. It covers a wide range of aspects, related to distribution, production and inventory management, and supply chain management. For each topic, it highlights key managerial issues in real-life examples and explains which quantitative models are available for addressing them. By treating a broad range of issues in a unified way, the book offers the reader a comprehensive view on the field of reverse logistics.

Download or read book Supply Chain Management and Reverse Logistics written by Harald Dyckhoff and published by Springer Science & Business Media. This book was released on 2013-06-05 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world of logistics has considerably changed due to globalization, modern information technology, and especially increasing ecological awareness. Large Supply Chain Management (SCM) systems are developing to global logistic networks. This book reflects major trends of the recent decade in SCM and, additionally, presents ideas and visions for logistic networks of the 21st century. Among the various aspects of SCM, emphasis is placed on reverse logistics: closing the loop of a supply chain by integrating waste materials into logistic management decisions.

Download or read book Strategic and Tactical Aspects of Closed Loop Supply Chains written by Mark Ferguson and published by Now Publishers Inc. This book was released on 2010 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic and Tactical Aspects of Closed-Loop Supply Chains reviews the recent research in this field with a particular focus on the strategic and tactical issues.

Download or read book Digitalization of Decentralized Supply Chains During Global Crises written by Taghipour, Atour and published by IGI Global. This book was released on 2021-06-18 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: During global crises, apart from humanitarian concerns, at the economic level, supply chains around the world can be impacted. These crises can cause huge uncertainties in both the supply and demand parts of supply chains. On one side, the demand for some products and services can be reduced. On the other side, manufacturers around the world are facing shortages of supplies of raw materials and parts because of interruptions in production, disruptions to transportation, and labor shortages. In this context, organizations start to re-examine their production and service systems based on digitization of operations to not only mitigate the risk but also to build a resilient supply chain while continuing to reduce costs and maximize profits. The question that can be asked is how the decentralized supply chains can integrate new technologies to compete in a risky environment in global crises. Digitalization of Decentralized Supply Chains During Global Crises provides new approaches of digitalization of decentralized supply chains and industries to help researchers, educators, consultants, and practitioners deal with global crises and improve the global performance of supply chains. Important topics covered include blockchain, internet of things, 3D technologies, and Industry 4.0 technologies within the context of digital supply chains. This book is important for supply chain managers, manufacturers, producers, logistics personnel, economists, practitioners, stakeholders, researchers, academicians, and students.

Download or read book Closed Loop Supply Chains written by Mark E. Ferguson and published by CRC Press. This book was released on 2010-04-21 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Closed-loop supply chain activities such as remanufacturing, recycling, dismantling for spare parts, and reverse logistics have helped many companies tap into new revenue streams by finding secondary markets for their products, all while reducing their overall carbon footprint. Written by academic experts, in language that is accessible to practitioners, this authoritative resource examines recent research and case studies of companies running profitable reuse/remanufacture operations in various industries. It illustrates profitable practices in returned and recovered products, clearly explaining how to: design a reverse logistics network, conduct production planning, implement effective marketing strategies, and apply closed-loop supply chain strategies in industries besides manufacturing. From product development to materials to assembly and profitability, this complete resource explores the impact of these processes across all aspects of the supply chain.

Download or read book Introduction to Management of Reverse Logistics and Closed Loop Supply Chain Processes written by Donald F. Blumberg and published by CRC Press. This book was released on 2004-11-29 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing legislative and environmental pressure requires businesses to become more responsive to products that either have been returned or that are at the end of their useful lives. Life cycles are getting shorter, and efficient handling can save large amounts of money since many materials can be extracted and reused or redistributed. Reverse lo

Download or read book SUPPLY CHAIN MANAGEMENT AND REVERSE LOGISTICS written by Ilyas Masudin and published by UMMPress. This book was released on 2017-03-07 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of logistics and supply chain management become a trending topic recently. Researcher and practitioners have been working to elaborate the concept, strategy, framework and application of logistics and supply chain management in industrial operations. Thus, the competition is not between firms any more but it is all about logistics and supply chain management strategy competition. The progress of world wide regulations and law, global completion, the increasing demand from customers in social and environmental considerations and the sustainability issues has forced researchers and industrial practitioners to expand the perspective on beyond logistics and supply chain management concept. Reverse logistics and green supply chain management are such the innovative ideas for researcher to discuss and for industry practitioners to adopt. This book attempts to describe the concept of supply chain management and logistics in traditional system and figure out the progress of green supply chain management and reverse logistics study. The first two chapters of this book overviews the concept of supply chain management in both perspective application of strategic and operational levels based supply chain management’s business process and supply chain management elements. The last two chapters of this book give more attention on these areas: green supply chain management and reverse logistics specifically on the previous study has been done by researchers. The overview and review of green supply chain management and reverse logistics in this book would help readers to understand more about the concept of logistics and supply chain management and would give new directions of further research in green supply chain management and reverse logistics.

Download or read book Quantitative Models for Reverse Logistics written by Moritz Fleischmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic, marketing, and legislative considerations are increasingly leading companies to take back and recover their products after use. From a logistics perspective, these initiatives give rise to new goods flows from the user back to the producer. The management of these goods flows opposite to the traditional supply chain flows is addressed in the recently emerged field of Reverse Logistics. This monograph considers quantitative models that support decision making in Reverse Logistics. To this end, several recent case studies are reviewed. Moreover, first hand insight from a study on used electronic equipment is reported on. On this basis, logistics issues arising in the management of "reverse" goods flows are identified. Moreover, differences between Reverse Logistics and more traditional logistics contexts are highlighted. Finally, attention is paid to capturing the characteristics of Reverse Logistics in appropriate quantitative models.

Download or read book Managing Reverse Logistics Using System Dynamics A Generic End to end Approach written by Martin Bonev and published by Diplomica Verlag. This book was released on 2012-03 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: As legislations have become stricter and the competition on markets is getting stronger, companies facing return flows strive for the implementation of efficient and cost-effective reverse logistic procedures. At the same time, when managing reverse logistics, they are not only confronted with a high degree of uncertainties concerning the quality, quantity and timing or the product returns, but also with a dynamically changing environment. Various aspects, such the increasing amount of return flows, shorter repair and lead times as well as increasing disposal costs, affect the reverse logistic system and need to be managed proficiently. Additionally, handling product returns requires supportive computer aided modelling tools that are capable of handling the dynamic and complex characteristics of the reverse logistic system and allow an improved estimation of the impact of a changing environment and management decisions. For the purpose of this study, the system dynamics modelling approach has been identified as particularly suitable for illustrating the system in question with a special focus on understanding the dynamic behaviour over time. A generic system dynamics model has been exemplarily created and simulated using the program iThink. The model comprises end-to-end processes of the main reverse logistic activities related to customer returns and has been used for studying the strategic design and optimization of the reverse logistic system. In order to consider relevant uncertainties as well as environmental concerns and economic efficiency, representative policies have been applied where, inter alia, with the help of the graphical illustration of the processes, effective strategies could be implemented. A general evaluation of the system dynamics methodology has revealed the significant advantages of using supportive modelling techniques for strategic decision making. Particularly for complex systems that change over time, such as reverse logistics, applying appropriate computer aided modelling tools in order to anticipate the overall effect on processes caused by varying surroundings has proven essential. An effective utilization of system dynamics may significantly reduce the forecasting and planning risks within individual frameworks, such as capacity planning. Moreover, the generic approach allows the application of the model to any other industry that is characterized by uncertain capacity utilization and varying technical, economical and legal conditions.

Download or read book Supply Chains in Reverse Logistics written by Robert Stanisławski and published by CRC Press. This book was released on 2023-12-20 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently, it is obvious that new types of production (Industry 4.0) are accompanying new ways of distribution, which advance logistics, physical distribution science, and even supply chain management. The changing environment for carrying out logistics activities is also important for the development of the supply chain. Care for ecology, the recent pandemic, and the situation in Ukraine are other reasons to adapt logistics to the needs of an individual customer/recipient. It would be impossible without developing an appropriate strategy and applying appropriate tools for managing supply chains in the national and international dimensions. This book specifically addresses these issues. When analyzing the needs and structure of modern supply chains, in the context of their safety and risk reduction, it is impossible to ignore the problem of digitization, which allows for logistic analysis of the company, determining optimal routes, designing logistic systems, optimizing storage processes and costs, and predicting possible threats (crisis situations) and their effects (losses). IT support, automatic data exchange, e-logistics, telematics, traceability, and chatbots between various departments of the company along the upper and lower parts of the supply chain improve the flow of material and accompanying information through automation, robotization, proactivity, and document digitization. These new trends make it possible to define logistics as modern logistics using new achievements of science and technology. Modern logistics must also consider ecological aspects in line with assumptions about protecting the environment and improving our climate. Efficiently organized reverse logistics is not without significance for ecology. It is supported by renewable energy, electric vehicles, proper education in the field of a closed economy, cleaner production, waste minimization, the use of passive infrastructure, and proper waste management that allows us to positively influence environmental protection and human health. To meet the needs of creating modern supply chains, the authors developed this powerful book in which they analyze and present current and future solutions that influence the development of these issues in modern reverse logistics.

Download or read book Modelling of Coordinating Production and Inventory Cycles in a Manufacturing Supply Chain Involving Reverse Logistics written by J. Jonrinaldi and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's global and competitive markets selling products at competitive prices, coordination of supply chain configuration, and environmental and ecological consciousness and responsibility become important issues for all companies around the world. The price of products is affected by costs, one of which is inventory cost. Inventory does not give any added value to products but must be kept in order to fulfill the customer demand in time. Therefore, this cost must be kept at the minimum level. In order to reduce the amount of inventory across a supply chain, coordination of decisions among all players in the chain is necessary. Coordination is needed not only for a two-level supply chain involving a manufacturer and its customers, but also for a complex supply chain of multiple tiers involving many players. With increasing attention being placed to environmental and ecological consciousness and responsibility, companies are keen to have a reverse supply chain where used products are collected and usable components remanufactured and reused in production to minimize negative impacts on the environment, adding further complexity to decision making across a supply chain. To deal with the above issues, this thesis proposes and develops the mathematical models and solution methods for coordinating the production inventory system in a complex manufacturing supply chain involving reverse logistics and multiple products. The supply chain consists of tier-2 suppliers for raw materials, tier-I suppliers for parts, a manufacturer who manufactures and assembles parts into finished products, distributors, retailers and a third party who collects the used products and returns usable parts to the system. The models consider a limited contract period among all players, capacity constraints in transportation units and stochastic demand. The solution methods for solving the models are proposed based on decentralized, semi- centralized and centralized decision making processes. Numerical examples are used by adopting data from the literature to demonstrate, test, analyse and discuss the models. The results show that centralised decision making process is the best way to coordinate all players in the supply chain which minimise total cost of the supply chain as a whole. The results also show that the selection of the length of limited horizon! contract period will be one of the main factors which will determine the type of coordination (decentralised, centralised or semi-centralised) among all players in the supply chain. We also found that the models developed can be viewed as generalised models for multi-level supply chain by examining the models using systems of different tiers from the literature. We conclude that the models are insensitive to changes of input parameters since percentage changes of the supply chain's total cost are less than percentage changes of input parameters for the scenarios studied.

Download or read book Supply Chain Management And Reverse Logistics written by Dyckhoff and published by . This book was released on 2004-01-01 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Closed Loop Supply Chains written by Mark E. Ferguson and published by Auerbach Publications. This book was released on 2010-04-21 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Closed-loop supply chain activities such as remanufacturing, recycling, dismantling for spare parts, and reverse logistics have helped many companies tap into new revenue streams by finding secondary markets for their products, all while reducing their overall carbon footprint. A comprehensive yet concise presentation of closed-loop supply chain processes, Closed-Loop Supply Chains: New Developments to Improve the Sustainability of Business Practices investigates the state of the art in this rapidly growing and environmentally significant field. Written by academic experts, in language that is accessible to practitioners, this reader-friendly reference examines recent research and case studies of companies running profitable reuse/remanufacture/recycling operations in various industries. It illustrates profitable practices in returned and recovered products, and clearly explains how to: design a reverse logistics network, conduct production planning, implement effective marketing strategies for recovered products, and apply closed-loop supply chain strategies in other industries besides manufacturing. From product development to materials to assembly and profitability, this authoritative resource illustrates the impact of these processes across all aspects of the supply chain. It provides a business perspective of how to properly implement these processes in your company to achieve profitable and sustainable operations in a more environmentally friendly manner. It also: Investigates strategic decisions companies face in regard to the secondary market for their products, including opportunity costs Examines tactical issues firms will face once the decision to remanufacture has been made, including how to market remanufactured products Summarizes the key characteristics and practices in a variety of industries where remanufacturing has been successful Explains how to conceptualize and manage changes due to switching to a closed-loop supply chain Demonstrates how to handle changing legislation Designed for ease of reference, each chapter covers a specific topic—in a completely self-contained manner—allowing readers to quickly and easily reference the chapters of particular relevance to their industry and situation.

Download or read book Logistics 4 0 written by Turan Paksoy and published by CRC Press. This book was released on 2020-12-17 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial revolutions have impacted both, manufacturing and service. From the steam engine to digital automated production, the industrial revolutions have conduced significant changes in operations and supply chain management (SCM) processes. Swift changes in manufacturing and service systems have led to phenomenal improvements in productivity. The fast-paced environment brings new challenges and opportunities for the companies that are associated with the adaptation to the new concepts such as Internet of Things (IoT) and Cyber Physical Systems, artificial intelligence (AI), robotics, cyber security, data analytics, block chain and cloud technology. These emerging technologies facilitated and expedited the birth of Logistics 4.0. Industrial Revolution 4.0 initiatives in SCM has attracted stakeholders’ attentions due to it is ability to empower using a set of technologies together that helps to execute more efficient production and distribution systems. This initiative has been called Logistics 4.0 of the fourth Industrial Revolution in SCM due to its high potential. Connecting entities, machines, physical items and enterprise resources to each other by using sensors, devices and the internet along the supply chains are the main attributes of Logistics 4.0. IoT enables customers to make more suitable and valuable decisions due to the data-driven structure of the Industry 4.0 paradigm. Besides that, the system’s ability of gathering and analyzing information about the environment at any given time and adapting itself to the rapid changes add significant value to the SCM processes. In this peer-reviewed book, experts from all over the world, in the field present a conceptual framework for Logistics 4.0 and provide examples for usage of Industry 4.0 tools in SCM. This book is a work that will be beneficial for both practitioners and students and academicians, as it covers the theoretical framework, on the one hand, and includes examples of practice and real world.