Reverse Logistics & Sustainability

In: Business and Management

Submitted By rtravis0803
Words 3255
Pages 14
FUELING SUSTAINABILITY THROUGH REVERSE LOGISTICS

Renee Angelo LGMT 685
September 29, 2015

Table of Contents Executive Summary | 1 | Introduction | 2 | Sustainability in supply chain | 3 | Reverse Logistics | 4 | Defining Reverse Logistics | 4 | Returned product categories | 5 | Fueling sustainability through reverse logistics | 8 | Reverse logistics and the social component of sustainability | 8 | Reverse logistics and the environmental component of sustainability | 9 | Reverse logistics and the financial component of sustainability | 10 | Conclusions | 11 | References | 12 |

Executive Summary The concept of reverse logistics is basically driven by wide range of aspects, most particularly in obtaining sustainability. Because of the fact that environmental awareness as well as numerous environment-related regulations has constantly put pressure on various companies, particularly manufacturers, in proper disposal of used products in a more environmentally responsible way, reverse logistics is now a mainstream concern for companies. This study argues that reverse logistics could fuel business sustainability. Based on the findings, reverse logistics play significant roles in achieving economic, social and environmental sustainability, which are the three basic components of sustainability in business perspective. Key evidences from literature supported the arguments.

Introduction It is apparent that the capability of a company or business of handling product returns has rapidly become a key and important logistics process. As the volume of products or goods return is increasing, accommodating the return goods, product recalls and maintenance and repair become an additional challenge for the company in their supply chain management, which resulted to the greater move towards giving higher priority for achieving…...

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