Closed Loop Supply Chains Notes: Definitions & Explanations PDF | Download eBooks
Study Closed Loop Supply Chains lecture notes PDF with supply chain management definitions and explanation to study “What is Closed-loop supply chains?”. Study closed loop supply chains explanation with SCM terms to review supply chain management course for online MBA programs.
Closed Loop Supply Chains Definition:
Supply chains that consider forward and reverse product flows over the entire life cycle.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Closed Loop Supply Chains Notes:
Firms combined the forwards logistics with reverse logistics that means if the product faces any defect it can easily be handled. The main purpose of closed-loop supply chain is to maintain and get value from those products that are unused by trying to create less or no waste as much as possible.
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