A complete supply chain dedicated to the reverse flow of products and materials

A complete supply chain dedicated to the reverse flow

This preview shows page 12 - 13 out of 13 pages.

A complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, and/or recycling. challenges of reverse logistics system 1. Firms have less control over the timing, transportation modes used, and packaging for goods flowing back up the supply chain. 2. Goods can flow back up the supply chain for a variety of reasons and a reverse logistics system needs to be able to sort and handle these different flows. 3. Forward logistics systems typically aren't set up to handle reverse logistics flows. What are Supply Chain costs and revenues affected by Supply Chain costs and revenues are affected by the location of your facilities manufacturing, service, warehousing, retail Transportation Costs Labor, Material, and Energy Costs Service Levels Access to customers Facility and land costs Optimization models give Logistics Managers a direction for decisions. These "optimal" calculated solutions are not always possible or desired because of: Changing or Trending Market Conditions Changing or Trending Organizational Capabilities Need to Minimize Risk Infeasible Outcomes (i.e.: locations that are not available or not possible) Other factors that make decisions undesirable (i.e.: poor transportation infrastructure or suppliers weighted center of gravity method A logistics decision modeling technique that attempts to identify the "best" location for a single warehouse, store, or plant given multiple
demand points that differ in location and importance. The very center of a normal curve is called the: Average What percentage of observations will be ABOVE average 50% The number that represents how much data will vary is called the: Standard Deviation Data that has MORE variation will have a Standard Deviation that is Higher (and the picture will look wider Data that has LESS variation will have a Standard Deviation that is: Lower (and the picture will look narrow

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture