Regression analysis is a technique that can help us understand the relationship between two variables.
Have you ever had to return a product? Chances are you have. Reverse logistics is the supply chain concept that your returns follow. Rather than following a normal supply chain flow the reverse logistics supply chain focuses on improving the reverse flow. The focus of the reverse supply chain is to support customer returns, repair of damaged items, remake or remanufacturing of designs that might not meet the customers expectations and recycling materials. The reverse supply chain can in fact be designed in such a way that it operates at a profit, recovers costs and best of all creates loyal customers.
In the comments section below share some ideas that you have that might help returns be a better experience for customers.
Reference: What is reverse supply chain? and Principles of Supply Chain Management.
The waste hierarchy is a common tool used in green and environmentally focused organizations. The tool helps to rank the different options that you could select when managing waste. As you can see the highest priority is shown at the top and descends as shown below:
In the comments section below list one way you could prevent waste, one way you can reuse some items, one way you could begin recycling and one way you can recover some materials, energy or value from waste.
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