Describe the return process in the closed loop supply chain process.
Describe the return process in the closed-loop supply chain process.
Instructions
•APA formatting: Resources and citations are formatted according to APA style and formatting.
•Length of paper: typed, double-spaced pages with no less than a two-page paper.
•Font and font size: Times New Roman, 12 point.
Requirements: 2 pages
Answer preview
A supply chain entails a set of activities that, when combined, provide an end value to the customer in terms of products that the client may need. Closed-loop supply chains focus on recovering the products from the customers and recovering the value added by entirely reusing the products, some or all of its products and elements. In the closed-loop supply chain, the customers return or collect used merchandise in most of these chains. However, defectives and by-products from production facilities within the supply chain can result in returned products. Recovery is commonly referred to as rework when dealing with internal returns.
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