Abstract
Design strategies for reverse supply chains are relatively unexplored and underdeveloped. The losses due to time delays represent a significant opportunity for asset recovery. Reverse supply chain design decisions should reflect the differences in the marginal value of time among products. The anthors propose that reverse supply chain can be designed for cost efficiency or quick response, and the decision pivots on the product’s time value. The paper analyzes the time value of return product in reverse supply chain, and the products are classified into low and high MVT based time value. In the paper both the efficient, centralized reverse supply chain matching the low MVT product and the responsive, decentralized reverse supply chain matching the high MVT product are designed In addition, the paper presents some key technologies for designing the reverse supply chain.
Highlights
Reverse supply chain represents the process by which organizations recover by-products and residuals for reuse, resale, remanufacturing, recycling or disposal
The losses due to time delays represent a significant opportunity for asset recovery
Reverse supply chain design decisions should reflect the differences in the marginal value of time among products
Summary
Reverse supply chain represents the process by which organizations recover by-products and residuals for reuse, resale, remanufacturing, recycling or disposal. Firms may engage in reverse supply chain activities for any number of reasons, such as return of defective mechanism to a supplier, recycling by-products from a manufacturing process, or a government-mandated product recall .Firms are beginning to recognize the importance of effective reverse supply chain systems. Government regulations with respect to the storage, handling, transport and disposal of residuals from manufacturing processes have forced organizations to establish formal disposal systems. Key concepts of forward supply chain design—such as coordination, postponement, and the bullwhip effect—may be useful for the development of reverse supply chain design strategies, but these concepts have not been examined for their relevance in this context
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