Costco now needs to effectively manage the sale of this returned item. Reverse logistics is an example of managing this return.
<h3><u>Reverse logistics: What are they?</u></h3>
Supply chain management that moves goods back from buyers to sellers or manufacturers is known as reverse logistics. Reverse logistics are needed for procedures like returns or recycling after a customer receives a product.
Reverse logistics begin at the customer and work their way back through the supply chain to the manufacturer or the distributor. Reverse logistics can also refer to procedures where the customer is in charge of the product's final disposal, such as recycling, refurbishing, or resale.
Recovering value and encouraging customer repurchase are the goals of reverse logistics. At least 30% of items ordered online are returned, compared to less than 10% of in-store purchases.
Learn more about reverse logistics with the help of the given link:
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Answer:
Calculate the contribution margin per pound for each of the three products.
- K1 = $17.80 per lb
- S5 = $8.70 per lb
- G9 = $10.50 per lb
Orders for which product should be produced and filled first, then second, and then third?
- K1 orders should be placed first, G9 orders should be placed second and S5 orders should be placed last.
Explanation:
52,900 pounds of material are available
- K1 uses 5 pounds of the material
- S5 uses 2.7 pounds of the material
- G9 uses 5.3 pounds of the material
contribution margin per unit:
- K1 = sales price - variable costs = $172 - $89 = $89
- S5 = $100.49 - $77 = $23.49
- G9 = $189.65 - $134 = $55.65
contribution margin per pound of material:
- K1 = $89 / 5 lbs = $17.80 per lb
- S5 = $23.49 / 2.7 lbs = $8.70 per lb
- G9 = $55.65 / 5.3 lbs = $10.50 per lb
Explanation:
The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature
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