Closed- loop supply chains - Article: Guide & Van Wassenhove: The evolution of Closed-Loop Supply Chain Research
3 important questions on Closed- loop supply chains - Article: Guide & Van Wassenhove: The evolution of Closed-Loop Supply Chain Research
Define Closed-loop supply chains (CLSC)
the design, control and operation of a system to maximize value creation over the entire life cycle of a product with dynamic recovery of value from different types and volumes of returns over time.
Product returns may occur for a variety of reasons over the product life cycle. What 2 reasons?
- Commercial returns: are products returned to the reseller by consumers within 30, 60 or 90 days after purchase.
- End-of-use returns: occur when a functional product is replaced by a technological upgrade.
- End-of-use returns: occur when a functional product is replaced by a technological upgrade.
What processes include product recovery activities?
1. Used- product acquisition
2. Reverse logistics
3. Product disposition (sort, test and grade)
4. Remanufacturing/ repairing
5. Remarketing
2. Reverse logistics
3. Product disposition (sort, test and grade)
4. Remanufacturing/ repairing
5. Remarketing
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