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Reverse Logistics in Manufacturing Sector

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Submitted By gsandhay31
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BUSINESS RESEARCH METHODOLOGY
MANUSCRIPT AND LITERATURE REVIEW

TOPIC: REVERSE LOGISTICS IN MANUFACTURING SECTOR

ANKITA ASHOK BAJPAI (PRN 13020741013)
SANDHYA GODAVARTHY (PRN 13020741044)
SANKET MADAN PAUNIKAR (PRN 13020741045)
SAUNAK GHOSE (PRN 13020741046)
YOGESH KASAR (PRN 13020741062)

An analysis of the factors affecting the dynamics of reverse logistics in the manufacturing sector: An interpretive structural modeling approach
A. Bajpai, S. Ghose, S. Paunikar, S. Godavarthy, Y. Kasar
Abstract:
Reverse Logistics is increasingly becoming one of the most important and impacting factors, and a key challenge for any company/industry. To adapt to the current market scenario, and to gain competitive advantage over its competitors, a company needs to optimize its Reverse Logistics operations and try to reduce its cost to a minimum. There are many factors influencing the nature and cost of Reverse Logistics operations. In this paper we have chosen a few variables which influence the Reverse Logistics scenario, and tried to show the inter-relationship between them.
1. Introduction to the field of reverse logistics :
Reverse Logistics (RL) refers to the operations involved in reprocessing and reusing the finished goods and materials. Reverse Logistics involves process oriented approach to plan and control the most efficient and cost efficient flow of raw materials, current inventory, finished goods, etc. to its point of origin from the point of consumption for its proper reuse or disposal. Reverse Logistics costs in the US are estimated to exceed USD 34000 million a year. On an average 6% of the sales result in product returns, but it can vary depending on the industry and product type. For example, higher product returns is more common for greeting cards, books and merchandise from on-line catalogues and mail order. In the

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