Many people return items that they decide they don’t want. For example, if you purchase something on a whim, whether it be electronics, clothing or cleaning supplies, you may choose to return it when you get home. Others prefer to buy a lot of different sized clothing to try on at home and then return the ones they don’t want or can’t wear. However, when you return items, you may wonder what happens to them. In some cases, they are put back into the regular stock, especially if there were no complaints about the product. For example, if you return an item and say that it didn’t fit, it can be put back on the shelf. If you’ve opened the product and find it faulty or missing components, it cannot be put back on the shelf.
How Reverse Logistics Work
When you return something, the retail outlet wants to get some of its money back, even though they know it won’t be as much as the product itself. Therefore, the reverse logistics team separates the good from the bad and decides what can be salvaged and what can’t. This is their way of reducing costs and mitigating loss.
The average reverse logistics team can get about eight percent of the total sale of the item, which isn’t much but can reduce some costs and loss of product.
Woes Of Reverse Logistics
Return fraud is running rampant right now because consumers have found ways to return fake items, keeping the originally purchased product for themselves. For example, PC boxes can contain a piñata or something of equal weight. Game consoles can be returned with scrap metal instead of the product. These are upsetting for retail stores, such as Walmart because they cannot make any money back and, in a sense, gave away free merchandise.
More and more retail stores are opening packages now to ensure that the product is really being returned, but they still have the problem of making up their money.
Wholesalers Dream
That is where the wholesaler comes in. These companies buy up significant amounts of returns from stores in NC and elsewhere. Whether they are returned items, surplus items (the store bought too much and can’t shift them) or overstock, retail stores can sell their unused or returned products to wholesalers. These companies will then sell them at deeply discounted prices.
Walmart returns in NC may come to a wholesaler near you. Bottom Dollar Wholesalers buy returned items from many locations, so visit them today to see how you can save.
