Articles Review on Forward and Reverse Supply Chain/ Closed Loop Supply Chain Practices

Diriba Ayele Gebisa

doi:10.46281/ijfb.v3i2.396

Abstract

Despite the increasing popularity of research in supply chain management significant number of research focused on forward supply chain management by neglecting one of the most important part of supply chain that is reverse supply chain management, which complete supply chain management as closed loop. Large numbers of prior research consider only one variable at a time to see performance of forward or reverse supply chain on organizational performance. However, supply chain performance is the function of different combination of variables. Therefore, this paper review the effects of transportation, inventory management, facility location and information sharing in closed loop supply chain practices on organization performance.

Highlights

For a long period of time companies tried to be competent by operating alone assuming working and sharing information with other partners in the supply chain and competitors erode their profitability by exposing their source of competitive advantage to competitors
Forward supply chain is all activities that deal with the smooth flow of raw materials, finished products and information within supply chain network starting from suppliers to final consumers, while reverse supply chain is the process of planning, implementing and controlling the efficient and cost-effective flow of raw materials, end of life products, defective products or surplus inventory and feedback information from the point of consumption to the point of origin for the purpose of recapturing or creating value or for right disposal
There is a need to focus on closed loop supply chain practices for sustainability of economy and environment

Summary

Research Article

Indian Journal of Finance and Banking; Vol 3, No 2; 2019 ISSN 2574-6081 E-ISSN 2574-609X. Articles Review on Forward and Reverse Supply Chain/ Closed Loop Supply Chain Practices. Diriba Ayele Gebisa Department of Business Management Hariyana School of Business, GJUST, India

Introduction

Indian Journal of Finance and Banking

Findings

Conclusion and Future