The reverse supply chain – or the process for managing, evaluating, and disposing of surplus or idle assets for organizations – has historically been considered to be a cost of doing business and has received little attention as a source of competitive advantage by corporations. A company’s approach to managing returned goods and surplus and idle assets can impact its total supply chain costs, brand image, and sustainability efforts. Leading organizations across all sectors from business to government now have available to them trusted and proven solutions with the focus and market data to more efficiently manage this “non-core” aspect of their operations in lieu of spending additional employee time and expense.
Retailers and manufacturers from various industries all generate surplus and idle assets and have key opportunities to differentiate themselves from competitors through their use of best-in-class reverse logistics strategies. For example, we have implemented sustainable surplus initiatives that have enabled retailers, manufacturers, and government agencies to move to a zero-waste model; a powerful statement in an economy that encourages green growth. To date, we have deterred more than 2 billion pounds of scrap material from landfills through our client solutions.
(by Bill Angrick, Chairman and CEO, Liquidity Services, Inc.)