Explain about inventory management, reverse logistics

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Accepted Answer

Inventory management involves overseeing the flow of goods from manufacturers to warehouses to retailers, while reverse logistics deals with the return of goods from customers back to the manufacturer or retailer.

Inventory management focuses on optimizing the flow of goods to ensure efficient supply chain operations.
It involves forecasting demand, ordering and replenishing stock, and monitoring inventory levels.
Reverse logistics involves handling returned goods, refurbishing or disposing of them, and managing the reverse flow of products.
It includes processes such as returns management, refurbishment, recycling, and disposal.
Effective inventory management and reverse logistics can help reduce costs, improve customer satisfaction, and minimize waste.

Explain about inventory management, reverse logistics

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