Question: Reverse logistics involves goods and materials moving in the opposite direction of the supply chain, that is, from the customer back to the supplier. Products
Reverse logistics involves goods and materials moving in the opposite direction of the supply chain, that is, from the customer back to the supplier. Products are returned to the manufacturer or retailer for any number of reasons. Some of the more common reasons are warranty failures, damaged products, product recalls, incorrect product orders/shipment, exchange of impaired products for functional ones, reusable packaging materials, product upgrading and so on. Whatever the reason, returned goods have to be processed in the best possible manner.
Reverse logistics has become a fairly serious issue in recent times primarily because retailers have been forced, due to increased competition, marketing motives, direct economic motives, and environmental concerns.
Reverse logistics in the pharmaceutical industry is extremely important, not only from the economic point of view, but also, from the environment and regulatory perspective. The pharmaceutical returns industry exceeds US$2.5 billion. There is also an estimated reverse flow of goods worth over US$5 billion. Some important considerations for the industry includes the security of returned goods, keeping the cost low with the help of automation, traceability of the goods returned from the customer to the final stage of disposition.
Pharmaceutical producers combine ingredients precisely, under specific conditions, while negotiating a maze of stringent regulations and quality controls. Companies that manufacture, move or store pharmaceutical products must meet similar demands. Many drugs are highly sensitive to temperature; some are extremely valuable; and all are subject to a complex array of government and
international regulations.
Q1. Explain the difference between product recalls and returns?
Q2- Discuss why pharmaceutical manufacturers must establish in-country collection strategies and consolidate shipments
Q3- Provide at least three (3) examples of 3PL companies focused on reverse logistics activities.
Q4-What best practices have they adopted?
Q5- Explain what the traditional batch process is associated with pharmaceutical reverse distribution.
Q6- Analyze and report on the varying regulations which drugmakers must adhere to.
Please provide detailed answers....
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