Intelligent Returns Management SM
Other return management solutions do not solve the underlying issue: the
pervasive lack of control most companies experience with their returns
processes. This lack of control results in higher costs, poor customer service,
and inefficient processes, and affects both suppliers and end users in some very
negative ways.
Newgistics’ Intelligent Returns Management (IRM) provides unsurpassed control by
managing both the package and information flow from the point-of-order, or
shipment, to the final destination. The business intelligence it provides
creates visibility into the entire reverse chain. With returns visibility, four
key business processes are improved:
- Asset recovery rates are vastly improved, enabling operators to
maximize the dollars received for returned goods.
- Operational efficiencies are increased as visibility of
in-transit return shipments enables operations managers to streamline the return
chain.
- Customer experiences are improved, paving the way for higher
repeat purchases.
- Call center costs are reduced by up to 25% by integrating
visibility into CRM systems.
At the center of IRM’s patent-pending technology is a powerful product called
SmartLabel®. SmartLabels are dynamically generated at the point of sale, or
shipment, and contain information-rich barcodes, which can provide such
information as the product being returned, the reason for its return, serial
numbers, and RMA numbers as well as detail about the returner. When an item is
returned, these intelligent barcodes enable the receiving company to complete
and immediate visibility of the entire return chain.
The Importance of Visibility
Returns visibility is more than just a tactical supply chain issue; it has
strategic implications for the entire organization. It sustains, accelerates or
enables business processes across customer service, operations and finance.
Without returns visibility, companies have less control and are relegated to
reactive business processes. Providing full visibility to in-transit returns
converts the organization from a reactive viewpoint to one of control.
Read our white
paper, The Value of Returns Visibility, to see how returns visibility can help
market leaders improve four key business processes.