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Reverse Logistics
Reverse logistics encompasses all operations related to the upstream movement of products and materials. It is "''the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal. Remanufacturing and refurbishing activities also may be included in the definition of reverse logistics''". Environmental concerns and the development of green supply chain management practices have increased the relevance of reverse logistics. Academic and professional interest in reverse logistics has grown considerably in recent decades. The first use of the term "reverse logistics" in a publication was by James R. Stock in a white paper titled ''Reverse Logistics'', published by the Council of Logistics Management in 1992. The concept was further refined in subsequent publications by Stock (1998) in another Council of Logistics Management book, titled ''Development and Implementation of Reverse Logistics Programs'', and by Rogers and Tibben-Le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Good (economics)
In economics, goods are anything that is good, usually in the sense that it provides well-being, welfare or utility to someone.Alan V. Deardorff, 2006. ''Terms Of Trade: Glossary of International Economics'', World Scientific. Online version: Deardorffs' Glossary of International Economics"good" an Goods can be contrasted with bads, i.e. things that provide negative value for users, like chore division, chores or waste. A bad lowers a consumer's overall welfare. Economics focuses on the study of economic goods, i.e. goods that are scarce; in other words, producing the good requires expending effort or resources. Economic goods contrast with free goods such as air, for which there is an unlimited supply.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. Goods are the result of the Secondary sector of the economy which involves the transformation of raw materials or intermediate goods into goods. Utility and characteristics of goods The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pallet
A pallet (also called a skid) is a flat transport structure, which supports goods in a stable fashion while being lifted by a forklift, a pallet jack, a Loader (equipment), front loader, a Jack (mechanical), jacking device, or an erect crane. Many pallets can handle a load of . While most pallets are wooden, pallets can also be made of plastic, metal, paper, and recycled materials. A pallet is the structural foundation of a unit load, which allows handling and storage efficiencies. Goods in shipping containers are often placed on a pallet secured with strapping, stretch wrap or shrink wrap and shipped. In addition, pallet collars can be used to support and protect items shipped and stored on pallets. Containerization for transport has spurred the use of pallets because shipping containers have the smooth, level surfaces needed for easy pallet movement. Since its invention in the twentieth century, its use has dramatically supplanted older forms of crating like the wooden b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Chain Management
In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. SCM is the br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash On Delivery
Cash on delivery (COD), sometimes called payment on delivery, cash on demand, payment on demand or collect on delivery is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for, they are returned to the retailer. Originally, the term applied only to payment by cash but as other forms of payment have become more common, the word "cash" has sometimes been replaced with the word "collect" to include transactions by checks, money orders, credit cards or debit cards. Advantages and disadvantages for retailers Advantages of COD for online or mail order retailers: *The customer does not need to own a credit card to purchase. *Impulse purchases may increase as payment is not due at the time of ordering. *The credibility of retailers may be increased because the consumer only has to pay when the item is delivered. Disadvantages of COD for online or mail order retailers: *Orders might be returned as buyers are less commit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-commerce
E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is the largest sector of the electronics industry and is in turn driven by the technological advances of the semiconductor industry. Defining e-commerce The term was coined and first employed by Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transacti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuse Of Bottles
A reusable bottle is a bottle that can be reused, as in the case as by the original bottler or by end-use consumers. Reusable bottles have grown in popularity by consumers for both environmental and health safety reasons. Reusable bottles are one example of reusable packaging. History Early glass bottles were often reused, such as for milk, water, beer, soft drinks, yogurt, and other uses. Mason jars, for example, were developed and reused for home canning purposes. With returnable bottles, a retailer would often collect empty bottles or would accept empty bottles returned by customers. Bottles would be stored and returned to the bottler in reusable cases or crates. Glass milk bottles were transported in milk crates and would be picked up by a milkman. At the bottler, the bottles would be inspected for damage, cleaned, sanitized, and refilled. Beginning in the second half of the 20th century, many bottles were designed for single-use, eliminating the cost of collection. This o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Container
A Euro container, also called Eurobox, Euro crate or KLT box (from , "small load carrier"), is an industrial stacking container conforming to the VDA 4500 standard. The standard was originally defined by the German Association of the Automotive Industry (VDA) for the automotive industry, but was subsequently adopted across many other areas of manufacturing and the shipping industry. The most common sizes (length × width) are and , which can be stacked together to fill a Euro-pallet measuring . Dimensions Eurocontainers are based around two standard heights of and , including a overlap in the vertical direction—the height of the feet, or base, stacked into the lip of the box below: These containers are manufactured typically in grey polypropylene or another thermoplast by injection molding. Containers with full floor and walls are watertight. Many designs have at least two or more often four rectangular (about 12 x 4 cm) rounded grip-holes near the middle of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulk Box
A bulk box, also known as a bulk bin, skid box, pallet box, bin box, gaylord, or octabin, is a pallet-size box used for storage and shipping of bulk or packaged goods. Bulk boxes can be designed to hold many different types of items such as plastic pellets, watermelons, electronic components, and even liquids; some bulk boxes are stackable. In the U.S. and Canada, the term ''gaylord'' is sometimes used for triplewall corrugated pallet boxes; this is due to the first bulk bins being manufactured by the original Gaylord Container Company of St. Louis, which was acquired by Crown Zellerbach of San Francisco in 1955. Construction Bulk boxes are often made of corrugated fiberboard, either doublewall or triplewall. Many corrugated bulk boxes have covers. The main body of some is similar to a ''half slotted container'' with flaps on the bottom; others have a separate base (similar to the cover) and a sleeve for side walls. Additional corrugated liners and box reinforcement are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Circular Economy
A circular economy (also referred to as circularity or CE) is a model of resource Production (economics), production and Resource consumption, consumption in any economy that involves sharing, leasing, Reuse, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible. The concept aims to tackle global challenges such as climate change, biodiversity loss, waste, and pollution by emphasizing the design-based implementation of the three base principles of the model. The main three principles required for the transformation to a circular economy are: designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. CE is defined in contradistinction to the traditional linear economy. The idea and concepts of a circular economy have been studied extensively in academia, business, and government over the past ten years. It has been gaining popularity because it can help to minimize Greenhouse gas emis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remanufacturing
Remanufacturing is "the rebuilding of a product to specifications of the original manufactured product using a combination of reused, repaired and new parts". It requires the repair or replacement of worn out or obsolete components and modules. Parts subject to degradation affecting the performance or the expected life of the whole are replaced. Remanufacturing is a form of a product recovery process that differs from other recovery processes in its completeness: a remanufactured machine should match the same customer expectation as new machines. In 1995, the United States Environmental Protection Agency (EPA) implemented the Comprehensive Procurement Guideline (CPG) program to promote waste reduction and resource conservation through the use of materials recovered from solid waste, and to ensure that the materials collected in recycling programs will be used again in the manufacture of new products. The EPA is required to designate products that are or can be made with recovered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reusable Packaging
Reusable packaging is manufactured of durable materials and is specifically designed for multiple trips and extended life. A ''reusable package'' or container is "designed for reuse without impairment of its protective function." The term returnable is sometimes used interchangeably but it can also include returning packages or components for other than reuse: recycling, disposal, incineration, etc. Typically, the materials used to make returnable packaging include steel, wood, polypropylene sheets or other plastic materials. Reusability of packaging is an important consideration of the environmental credo of "reduce, reuse, and recycle". It is also important to the movement toward more sustainable packaging. Returnable packaging is encouraged by regulators. Shipping containers For many years, several types of shipping containers have been returnable and reusable. These have made most sense when a reverse logistics system is available or can be readily developed. A return, recondi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
