Authors :- Prashant K. Giri, Kavach Khanna, Mehul Rai

Volume/Issue :-
 Volume 3 Issue 2

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The growing competitions due to globalization and rapid technological progress have led organizations to strive to improve the efficiency of their supply chain. Improving the efficiency of reverse logistics processes, such as the recovery of returned products or the elimination of products at the end of their useful life, is a way for companies to maintain and increase their competitiveness and market share. The volume and monetary value of products moving in the opposite direction in the supply chain have increased and continue to increase, particularly as environmental, legal and customer service requirements increase in the market. It has been reported that the value of returned products in the commercial sector has exceeded $ 100 billion per year. This process of returning products through the supply chain is the process of reverse logistics and can encompass many different logistics activities. This paper conceptualizes reverse logistics and provides in detail the advantages and disadvantages of the same.