PGDM, 2nd year
Roll No. 2011015
Reverse Logistics in Automotive Industry
The review of literature:-
Various studies are done in the reverse logistics and factors considered in these studies such as barriers, challenges, environmental issues faced by the logistics and supply chain industry. Reverse logistics has been defined as ‘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 or creating value or proper disposal(Rogers and Tibben- Lembke 2001, 130). Remanufacturing and refurbishment can be included within the concept of reverse logistics, as are disposition decisions, such as moving product to the secondary market or to a landfill. Both products and packaging may be included in the reverse flow, and consequently, both have been studied extensively in the literature. The last 20 years have witnessed a surge of good work in reverse logistics. Concomitantly, much has been written in the logistics trade press and in the research literature about this topic. Authors such as Carter and Ellram (1998) Jayaraman et al. (1999), Rogers and Tibben-Lembke (1999, 2001), Dowlatshahi (2000), Stock and Mulki (2009), and Guide and Van Wassenhove (2009) have described a broad range of reverse logistics systems and structures and analysed a variety of attendant reverse logistics problems. The economy continues to put pressure on many industries and the automotive aftermarket industry is no exception. Faced with challenges that include cost containment, anti-counterfeiting, and inventory management, the industry continues to seek ways to streamline operations, cut costs and improve profitability and at the same time apply green sustainability practices. Part I: Identifies known challenges within the physical, financial, and information...