Inventory Returns Best Practices and Policy Template
In the power transmission/motion control (PT/MC) industry, inventory
returns from distributors back to manufacturers can be a source of real
costs and professional friction. Despite the best efforts and diligence
of manufacturers, distributors and customers, some returns are
unavoidable. Constructing an inventory return policy that considers the
business needs of all channel partners can result in an environment in
which all sides benefit from good business practices.
PTDA, in its ongoing efforts to develop best-in-class business
practices among distributors and manufacturers, has issued a white paper
that discusses the issues created by inventory return practices.
While each manufacturer will develop a policy that serves the needs of
their own organization and their distributors, PTDA includes in its
white paper a discussion of best practices that can be implemented by
both manufacturers and distributors in order to operate more efficiently
and improve profitability.
To accompany the white paper, PTDA has also developed a template to
be used by manufacturers in constructing and communicating a
comprehensive return policy. This template provides manufacturers
with a guideline for creating formal policies that consistently and
fairly govern inventory returns from their distributor
partners.
Download "Taking It Back: Recommended Policies and
Practices Regarding Inventory Returns in the Power Transmission/Motion
Control Industry"
| Inventory Returns Best Practices and Policies Template |
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