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A Study of Recycling in the Recovery Hierarchy of Reverse Logistics
All businesses have forward as well as reverse flows of goods. The forward flow moves from the supply of raw material to the end user. The reverse flow moves counter to this forward flow. There are multiple reasons and outcomes of the reverse flow of goods. One such outcome is recovery of material or energy. There are several recovery options in the recovery hierarchy which need sound evaluation. Organizations have started focussing on various recovery options in reverse logistics for economic, customer and environmental reasons. One such strategic option is recycling which is the recovery of materials from rejected/ used/ end of life/ obsolete products or waste. The paper presents the recycling process and its place in the Recovery Hierarchy. It covers the definition, reasons, advantages and concerns about recycling. It gives an insight into the importance of recycling in the area of material recovery management in reverse logistics.
Keywords
Reverse Logistics (RL), Recovery Hierarchy, Recovery Options, Recycling.
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