Definition
Reverse logistics is the process of managing the return, exchange, repair, refurbishment, or disposal of products or materials from the point of consumption back to the point of origin or to other appropriate destinations within the supply chain. It involves handling customer returns, managing product recalls, recycling, and managing end-of-life products to recover value, reduce waste, and optimize the reverse flow of goods while minimizing costs.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.