[Burlingame, 10/18/2017] – ReverseLogix reveals that consumers returned $624B in merchandise in 2016. The company adds that an average of 8% of all retail products return to the stores, with the figure going up to 30% for e-commerce. Meanwhile, 89% of consumers will purchase or not buy based on return policy and experience.

In light of such growth, ReverseLogix developed its return-to-vendor (RTV) management app that would address returns that cost businesses big money. The company notes, “Traditional supply chain systems and solutions may offer a process flow to complete a return at best, but are not designed to truly unlock the value at each step.

A Better Solution

ReverseLogix’s RTV management app helps a business monitor its reverse logistics closer. The app also lessens the risk of return-to-sender situations where the vendor sends back the item.

The innovative returns platform helps businesses in every stage of reverse logistics. It allows businesses evaluate every aspect of its returns, and in doing so, reduce its number. After which, businesses may reclaim the maximum value of returned products.

The company says, “In order to maximize value, the proper decision must be made. Should the returned product be re-stocked? Should it be re-packaged? Returned to vendor? Liquidated? Scrapped?

Unwanted Inventory Shipped Back Properly

By allowing product consolidation, ReverseLogix’s RTV app can create custom categories of multiple products from the same vendor. This form of inventory makes sorting much easier and return details clearer, with the added feature of aging each item individually. Furthermore, this method saves money in freight by shipping the unwanted items back in bulk.

ReverseLogix’s RTV app also has a grading system that automates certain tasks to expedite the RTV process. It can help in developing a strong program of inspection and grading of any item that comes back from the end user (customer). The process then can determine the decision to dispose or return the item to the vendor.

As for the returns allowed, the RTV module will also help in that department. Because the app saves the location, the business can manage return terms and make sure that the items go to their correct destination.

The company remarks, “The returns market is growing rapidly, as well as customer expectation and customer culture for what constitutes a good return experience.”

About ReverseLogix

ReverseLogix is a full-service logistics solutions provider in the Bay Area. It has assisted industry leaders, such as HTC, BNSF Logistics, and Samsonite, in optimizing every part of their logistics network.

Visit http://reverselogix.com today for more information.