Electronics Industry Profile
Many consumer electronics companies struggle with inconsistent execution between distribution and return centers which leads to wide variations in operational performance and affects profit potential. Manufacturers, suppliers and retailers express concern over poor quality control on shipments and handling. Lengthy processing times tie up inventory, limit buyers' purchasing potential and contribute to reconciliation issues which delay receipt of credits. With little
collaboration and data exchange, there is limited visibility given to returns.
GENCO Supply Chain Solutions reverse logistics process can decrease returns processing cost-per-unit by 50 percent. The company's supply chain analyses and implementations significantly reduce transportation costs by increasing the number of full truckload shipments. GENCO Supply Chain Solutions can reduce the timeframe for returned goods final disposition by 75 percent while increasing inventory turn rate from 12 to 24 percent. The company's proprietary return system removes internal resource constraints. Reporting and process standards are shared between suppliers and retailers to alleviate reconciliation issues. Retailers, suppliers and manufactures benefit from a significant improvement in "open-to-buy" availability. GENCO Supply Chain Solutions' ongoing collaborative Six Sigma process focuses on reasons for returns and efficiencies across the supply chain from point of manufacturer through final disposition.
A growing opportunity for improving competitiveness and profitability can be found in areas related to reintroducing returned products into sales or manufacturing channels. GENCO Supply Chain Solutions' centralized reverse logistics and distribution approach makes it easy to repurpose goods, in whole, through online and traditional brick and mortar sales channels or as harvested parts into the manufacturing stream.
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