QUESTION ONE $[20]$

Profits for the company can rocket upward if it achieves sufficient savings in supply chain costs. This

is important given the broad scope of the supply chain, which extends beyond the company to include

both suppliers and customers. Returned products have one of the highest costs of any type of inbound

logistics$,$ especially for retail companies. These costs begin before products are even sold and

increase proportionally as they are returned. Developing legally binding warranties, return policies,

and service contracts all factor into the cost of returned products. A systematic approach is also

important because of the variable requirements supply chain managers must manage.

With this regard

Examine the financial influence of reverse logistics on the supply chain function. Provide real life

examples to support your discussion.