You have a surplus of inventory costing you money. You don’t have the time or the desire to spend money on assets that don’t work for you anymore.
What do you do with all the products wasting away in your warehouse? Do you have a reverse supply chain set up for your company? If the answer is no, you’ll want to make the necessary changes to fix the problem.
If you’re unfamiliar with the importance of supply chain management, and how it can generate revenue, keep reading.
What is Supply Chain Management?
Traditional supply chain is the entire process of the production and flow of goods or services.
It starts with the raw components, moves to the delivery of the final product, and ends in the customer’s possession. The goal is to make a conscious effort to be as effective and efficient as possible.
What is the Reverse Supply Chain?
Reverse supply chain is the opposite: it is moving the “end of useful life” products from the customer to be refurbished, reused, or recycled. Having a reliable reverse logistics process that tailors to your needs will provide you and your company with ease, especially when we live in a rapidly growing e-commerce industry. It creates a demand among consumers for hassle-free and convenient return processes.
Most companies may think of the return process as a necessary evil, or as a process that should remain hidden. However, an effective process can provide benefits. Companies want to deal with any errors with a hands-on approach if they are looking for customer retention and loyalty.
Having an efficient supply chain management also allows you to recover profits from unwanted assets. It can extend the use of a product that is at the end of its life cycle. If you want to have a smooth operation, you must have procedures in place to handle any remanufacturing or refurbishing activities.
You want to utilize a supply chain model that is transparent and efficient. Or, you want to outsource and find a company like us who can do it for you.
How ARCA Industries Can Help You
ARCA Industries comes with transparency, honesty, and efficiency. Having materials that no longer serve you is a burden, and recapturing profits from those assets is important to you. We also consider disposition challenges. There are several options, such as auctioning, redistribution, recycling, etc.
Knowing what your unwanted assets are valued at in a circular economy is where we start. We can assess the value of your assets and make the process simple and painless.
Don’t wait to get rid of those unnecessary products taking up space, call us to learn how we can make your life easier.