Reverse Logistics Optimisation

Companies looking to reduce their environmental impact needs to understand the wastage in their inventory either through return of new or refurbished products. Existing management systems itemize wastage within inventory; however, our mathematical model separates these two costs, focusing on minimizing waste while maintaining efficient stock levels. This flexibility allows manufacturers to choose the cost they wish to prioritize, whether minimizing stock costs or reducing environmental waste, leading to more efficient and sustainable supply chain operations.