Ryder System Inc., a provider of supply chain, warehousing, and transportation management solutions, has expanded its reverse logistics capability to include a co-location solution. The new offering integrates forward and reverse logistics in the same facility to further optimize the returns process and drive greater value recovery of returned assets. By co-locating the distribution management of finished goods with returns processes such as technical repair, refurbishment, and repackaging in the same facility, this solution offers companies the ability to achieve greater speed to shelf, visibility, and cost-savings.
Ryder's reverse logistics capability consists of a full suite of integrated reverse logistics and IT solutions to handle the management of returned goods from end to end. These solutions include initiation of return materials authorization (RMA); product sorting; credit reconciliation; triage and functional testing; technical repair; parts reclamation; scrap, disposal, and recycling; and packaging/kitting. A Web-based pOréal supports return materials authorization (RMA) initiation, validation, and serial number control tracking and provides visibility for each step in the returns process at the serial number and SKU level.
Benefits to customers include lower administrative costs, fewer transportation miles, lower fuel costs, and improved visibility and control throughout the product lifecycle while achieving faster processing speed, Ryder says.
An efficient returns management process can also play a critical role in meeting corporate sustainability goals. A co-location strategy further supports carbon footprint reduction and corporate sustainability goals through fewer transportation miles, lower vehicle fuel consumption, and lower building carbon output. A more agile supply chain also decreases product obsolescence and reduces total inventory levels.
Company: Ryder System Inc.
Company URL: www.ryder.com