Global Certificate in Return Cost Optimization

• Cost Reduction Strategies: Identifying areas to reduce costs, analyzing trade-offs, and selecting optimal strategies. • Supply Chain Management: Overseeing the flow of goods and services, optimizing supplier relationships, and managing risk. • Inventory Management: Techniques for controlling and reducing inventory costs, including Just-In-Time (JIT) and Economic Order Quantity (EOQ). • Procurement and Sourcing: Best practices for procurement, supplier selection, and negotiation. • Logistics Optimization: Strategies for reducing transportation and logistics costs, such as route optimization and consolidation. • Returns Prevention: Analyzing the root causes of returns and implementing measures to prevent them. • Reverse Logistics: Managing the flow of returned goods, including inspection, repair, and disposal. • Data Analysis for Returns: Utilizing data analysis techniques to identify trends and patterns in returns, and making data-driven decisions. • Customer Service and Retention: Balancing the need to reduce costs with the importance of providing excellent customer service to retain customers.