It's no secret that businesses rely on profit margins and income to stay afloat. So imagine what would happen if your business started seeing heavy product returns out of the blue? Unplanned returns can cause disruption in your shipping operations and diminish profits, resulting in last-minute scrambling to find a solution. That's why implementing a solid reverse logistics strategy is so important. In fact, it can mean the difference between hitting or missing profit margin goals.
Luckily for shippers, GlobalTranz has the managed transportation expertise and dedicated account team resources to transform your reverse logistics strategy. We'll create a customized plan to reclaim materials, handle returns and more, all while helping your company stay ahead of industry trends.
What is reverse logistics?
Reverse logistics allow companies to recoup value on returned products, including their materials and parts. A comprehensive reverse logistics plan may include:
- Recycling or reclaiming post-consumer materials
- Refurbishing existing goods and reselling restocked items
- Managing product surplus and returned goods
Goods hold value throughout various stages of their lifetimes. Reverse logistics allows you to capitalize on that value and make the most of what you have.
Why invest in reverse logistics solutions?
The answer is simple — reverse logistics services can make or break your bottom line. The question then is whether to gamble and take any potential returns as they come or play it safe with a more proactive approach.
Investing in a quality solution from a trusted third-party logistics (3PL) partner provides companies with unmatched support throughout the supply chain. This is especially necessary for growing shippers in today's market where consumer demand is rising and environmental awareness is often expected.
How can GlobalTranz optimize your reverse logistics?
GlobalTranz is an industry-leading third-party logistics (3PL) provider that designs sophisticated logistics strategies for shippers of all sizes. We use our decades of experience and expertise to help companies navigate all shipping challenges, including reverse logistics planning. Here is how we can help you profit from your reverse logistics efforts.
Create a reverse logistics strategy
GlobalTranz can help you customize a reverse logistics solution that meets your unique goals, wants and needs with the use of five basic steps: returning, recalling, repairing/refurbishing, remanufacturing and reusing /recycling. By implementing these steps, you'll enable your company to reduce waste, honor service warranties, maximize warehouse space and increase revenue. And after we've developed your fully tailored managed transportation solution, we'll continue to monitor your operational processes, providing tweaks and tips where necessary.
Ensure your strategy is working by learning about the top five reverse logistics KPIs to track.
Utilize data analytics and inform agile decision-making to inform reverse logistics
With GlobalTranz TMS, you and your GlobalTranz account experts can analyze industry trends, access collective invoices and find operational efficiencies within your current processes. Use these insights to proactively plan for returns and make quick decisions when faced with unexpected circumstances.
Enable supply chain visibility through an interconnected, integrated information network
We provide end-to-end supply chain visibility and personal supply chain consulting to allow you more control and understanding of each stage of the reverse logistics process. We'll help you Identify efficiencies and inefficiencies within your supply chain process. Our supply chain professionals will then work alongside you to strengthen your operation. Plus, you can integrate your communications with GlobalTranz TMS to see all your insights and data points in one convenient location.
Oversee reverse logistics management and returns process
We'll not only help you cut costs and improve your customer experience by providing pre-negotiated shipping rates with top carriers nationwide, but we'll also help oversee your returns process and analyze all corresponding data. By partnering with GlobalTranz for managed transportation and reverse logistics solutions, you'll gain access to all the tools, resources and one-on-one support your business needs to succeed.
Redistribute returned products through efficient warehouse management
Our logistics experts are seasoned professionals when it comes to processing and managing returns. Along with helping you implement a fully tailored returns plan, we also offer warehousing solutions to streamline your supply chain pipeline. Store your finished product in one of our nationwide warehouses, and we'll handle both your deliveries and returns, if necessary.
Connecting Shippers Like You with Our Team of Reverse Logistics Strategy Experts
Failing to plan for unexpected obstacles like returns can be costly. However, actually forming a plan to overcome these obstacles is complex and time sensitive. The best way to craft an impactful reverse logistics solution quickly and effectively is by partnering with a trusted logistics partner like GlobalTranz. That's why transportation management and reverse management solutions from a trusted partner are invaluable in today's market.
We've set ourselves apart in the 3PL space by retaining a relational approach to all our shipper interactions. We'll get to know the ins and outs of your unique business, discuss your business goals and help craft tailored solutions to meet any challenges the road throws your way . We'll help you gain peace of mind and avoid unexpected costs with our managed transportation and supply chain solutions, all with specific goals in mind.
Connect with an expert today to see how a managed transportation solution from GlobalTranz can transform your reverse logistics process.