What is close loop supply chain?
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What is close loop supply chain?
Closed Loop Supply Chain Management (CLSCM) refers to all forward Logistics in the chain (like procurement of materials, production and distribution) as well as the Reverse Logistics to collect and process returned (used or unused) products and/or parts of products in order to ensure a socio- economically and …
What is the difference between supply chain and supply loop?
In a closed loop reverse supply chain, used products are generally returned to original producers. But in an open loop reverse supply chain, used products are not returned to original producers, outsider firms recover them.
What is reverse logistics in supply chain?
Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. Once a customer receives a product, processes such as returns or recycling require reverse logistics.
What is the difference between supply chain and logistics?
The basic difference between Logistics and Supply Chain Management is that Logistics management is the process of integration and maintenance (flow and storage) of goods in an organization whereas Supply Chain Management is the coordination and management (movement) of supply chains of an organization.
What are the types of reverse logistics?
What are the types of reverse logistics?
- Returns.
- Returns avoidance.
- Remanufacturing.
- Refurbishing.
- Packaging.
- Unsold goods.
- End-of-life.
- Delivery Failure.
What is forward and reverse logistics?
Forward logistics are used to manage the forward movement of goods as they transition from raw materials to end-consumers. Reverse logistics refer to moving products and materials back into the supply chain post-delivery.
What is Closed Loop?
Definition of closed loop : an automatic control system in which an operation, process, or mechanism is regulated by feedback.
What is an example of reverse logistics?
Some reverse logistics examples are: Return of goods by customers. Return of unsold goods by distribution partners due to contract terms. Re-use of packaging.
What is the role of logistics in the supply chain?
The main role of logistics in supply chain management is primarily to increase the overall value of each delivery, which is identified by customer satisfaction. This means that the reduction and optimization of labor resources must be tied in with keeping up a certain level of quality customer service.