Maximizing Asset Recovery with Technology-Driven Returns Management
At PTS Corp, we believe adding technology to your returns management program is essential for maximizing asset recovery values. Without a mature system, businesses often face challenges that strain assets and reduce cash flow. For instance, inadequate planning can lead to increased costs, longer processing times, and limited visibility into recovery opportunities. Furthermore, these inefficiencies restrict your ability to recover asset value effectively.
According to the Reverse Logistics Association, managing the "return and repair" process can account for up to 10% of total supply chain costs. Moreover, when the supply chain encounters inefficiencies, the impact can compound and reduce profits by as much as 30%. To make matters worse, UPS reports that high-tech manufacturers without a robust reverse logistics process risk losing over 50% of their returned inventory value. By implementing a well-designed, technology-driven returns management system, businesses can navigate these challenges and maximize their asset recovery potential.