Reverse Logistics

Definition: Reverse Logistics is the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.
It focuses on moving or returning of goods from their typical final destination to capture residual value, or for proper disposal.

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More on logistics: Conventional Distribution, Drop-Shipping, Third-Party Logistics.

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