STRATEGIC APPROACH in IMPLEMENTING REVERSE LOGISTICS FRAMEWORK to IMPROVE SUPPLYCHAIN EFFICIENCY in MANUFACTURING INDUSTRY

Abstract

Supply chain has a vital role in growth of any organisation across the world. In any company the supply chain costs can be as high as 50% of their revenues depending the type of the industry. The industries facing tough competition i.e. Inefficiencies in supply chain can be total 25% of a firms operating cost, where they face the situation of 3-4% of thin profit margin, even a small improvement in their process efficiency can bring more profitability (A.T.Kearney, Global consulting company) newlineSupply chain disruptions are unpredictable. The operating environment for companies being increasingly volatile, complex, supply chains are the most focussed agenda for the stakeholders and Leadership of the company. This has been forced to think by modifying the trade engagements may influence their cost of conducting business and ability to cater to their customers and markets. Supply chains are such critical portion of how most companies which distribute services or tangible goods operate, but they are seldom talked around at the macroeconomic level, until things go out of control. newline