Create a 3-4 pages + title and reference pages
Assignment Description
Building on the company research , write a flow chart that focuses on the following:
• Include a summary of the stages of the product life cycle, both forward and backward.
• Focus in on how the stages of the product life cycle relate to this particular company.
• Provide examples and supporting documentation.
Myerson,
Objectives
• Students will understand and analyze measurements that demonstrate improvement and cost savings in the reverse inventory management process at single operation, multiple units, and corporate level.
• Students will identify cost and profit relative to product life-cycle phases including damaged products, obsolete inventory, and reverse logistics from the end-user/customer to liquidation, recycling, donations, and/or distribution centers.