Reverse logistics is helping companies in every industry to achieve greater financial performance than ever before. In fact, reverse logistics is becoming increasingly recognized as an essential part of business success, and so the need for qualified reverse logistics professionals is exploding.
Other terms related to Reverse Logistics (RL):
RL is not to be confused with forward logistics or getting the product to market commonly known as the forward supply chain.
Types of activity common with reverse logistics includes: logistics, warehousing, repair, refurbishment, recycling, e-waste, after market call center support, reverse fulfillment, field service and many others.
3PL - Third party logistics companies provide services for OEMs, ODMs and Branded Companies. Some of these services include, but are not limited to: transportation, (including domestic and international) warehousing, distribution, fulfillment and packaging, customs brokerage, freight payment services and trade compliance.
3PSP - Third party service providers provide services for OEMs, ODMs and Branded Companies. Some of these services include, but are not limited to: repair, customer service, parts management, end-of-life manufacturing, returns processing order fulfillment, help desk, and many aspects of field service repair.
The aftermarket supply chain refers to an activity or period in time in the product life cycle after the product leaves the shelf, reaches the consumer and then is delivered for reuse in one form or another to the end consumer. This is synonymous with Reverse Logistics.
4pls - Fourth party logistics organizations can also be referred to as depot repair hubs. Typically, they are service companies that provide repair services, refurbishment, and liquidation for 3pls, OEMs, ODMs and Branded companies.