Reach the Next Level With Reverse Supply Chain Logistics

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Increase Profits With Reverse Supply Chain Logistics

Headlines may declare that the economy has improved, but speak to most small business owners and you’ll hear that we aren’t quite out of the woods yet.  These economic doldrums likely make most people wish they could recycle money like plastics or metals. Unfortunately, it’s not that easy—but it is possible to get close.

Retailers for decades have been recycling unsold merchandise, sending it back to the distributor for a refund. This allows the retailer to be more efficient, and ensures they are making money. This is important, as inventory sitting unsold is money that is removed from the economy and therefore not contributing to overall economic growth.

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Got iPhones? Get Creative With Your Buyback Program

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When it comes to status symbols, the newest technology is the thing to have—and the thing to have right now is the iPhone 6 and iPhone 6 Plus. But with a price tag ranging from $200 to nearly $850, it’s not hard to understand why many consumers are taking advantage of more economical trade-in offers. Having the latest, greatest device is all well and good, but saving money is even better. And it’s not just consumers who are benefitting from these kinds of deals; the recommerce trade is lucrative for carriers and retailers as well. (more…)

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Reimagine Your Business Through Recommerce

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Improve Your Bottom Line With Recommerce

Consider this: In the hour following Steve Jobs heralding the much anticipated iPad 2, an American electronics trade-in site purchased 2,000 used first generation iPads.

That’s because recommerce is hot right now. With ever decreasing cycle lengths between new versions of its in-demand products, the recommerce of Apple’s innovative consumer electronics is a prime example of how recycling personal goods generates a crucial new facet to global commerce. What’s more, recommerce systems make leaps and bounds towards protecting the environment from bulk waste in landfills and the toxics metals and other environmentally harmful components found inside mobile phones and laptops.

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Just the Numbers: Reverse Supply Chains

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According to a 2014 Aberdeen Group study, the average manufacturer will spend 9% to 15% of total revenue on returns. The study also found that those organizations which are the top performers in utilizing reverse logistics are 74% more likely to have established marketing and channels for refurbished or recycled parts to drive revenues. In industries ranging from cell phones to carpets, a growing number of manufacturers are now utilizing reverse supply chains as an essential part of their business. For these organizations, there is not only a cost benefit, but also an environmental benefit.

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Rethinking Your Reverse Supply Chain

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The supply chain. We’ve all heard the phrase, but what does it mean exactly? A supply chain is most often thought of as the process of moving goods from the manufacturer to the retailer and then on to consumers. In the consumer electronics market, as with other industries, this involves the processes of creating, packaging, storing, transporting and ultimately selling the product.

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