Retailers, consumer brands and OEMs have numerous options to recover value quickly on overstock, unsold, out-of-season, and returned inventory.
First, I recommend outsourcing the Return to Vendor (RTV) program. Historically, this aspect of the reverse supply chain has been a major headache for retailers and manufacturers, due to difficulties managing the necessary staffing, space and logistics. Not anymore. By outsourcing the RTV processes to an experienced vendor that handles all services in-house, retailers and manufacturers remove costly “touches” in their supply chain, freeing up distribution center space and speeding access to recovery.