27 Feb Need assistance with developing 7 page paper on Secondary Markets Reverse Logistics. I have attached an outline that can be used

Running head: VALUE OF SECONDARY MARKETS IN REVERSE LOGISTICS SYSTEMS 1

VALUE OF SECONDARY MARKETS IN REVERSE LOGISTICS SYSTEMS 6

Value of Secondary Markets in Reverse Logistics

Fredrick D. Alen

American Military University

Dr. Richard Sarabia

January 23, 2022

Outline

Topic: Value of Secondary Markets in Reverse Logistics

General Purpose: Research on the value of secondary markets in the reverse logistics system

Specific Purpose: Eventually, I will inform my audience about the value that secondary markets confer to companies that have implemented a well-designed reverse logistics system.

Introduction

I. Attention Getter: Hello everyone! It is of great privilege to study and understand the role of the secondary market on reverse logistics in the business world.

II. Thesis Statement: Secondary markets in the current business world offers considerable value to the products returned from the customers and saves companies’ colossal sum of money. The markets provide a channel that helps protect the environment and encourage sustainable consumption.

III. Credibility: The information is obtained from credible evidence-based current and reliable sources.

IV. Preview of main points

Secondary markets give the reverse logistics system in companies that receive goods from their customers' incredible economic value and environmental compliance to environmental protection laws. In recent times, natural resource exploitation is rapid. Resource protection from depletion must be enforced. Companies should also establish systems that will ensure that products returned from consumers receive value addition and sent back to the secondary market to increase productivity and enhance sustainable consumption. I will discuss the value secondary markets on companies implementing reverse logistics system and identify potential areas for further research.

Body

I. Secondary markets are an innovative way of cutting the cost of returned goods.

A. Most companies do not operate reverse logistics due to lack of awareness and assumption of idol asset that it is.

1. After the energy crisis in the 1970s, the adoption of programs that would enhance company sustainable production and consumptions begun.

2. Large corporations established a system that would monitor their products from the consumer point of view and take back products that did not meet consumer expectation, wrong orders, and expired or obsolete products.

B. Establishment of reverse logistics involves planning, implementing and controlling products from the consumer back to the manufacture with the ultimate aim of gaining economic value from the products or according to the proper disposal.

1. Many companies began refurbishing, rebranding, recycling, and value addition for resale in the market.

2. Resale in secondary markets is coordinated in a manner to reduce environmental hazards and increase economic gains. Eventually, the process gives the consumers’ desired products and help companies control environmental degradation. This policy enhances the environmental friendly industrial process.

Next, I will focus on the value of secondary markets on companies that have fully implemented the reverse logistics process.

II. Companies like Haier Co and McNeil Laboratories Johnson & Johnson division are typical examples of companies that have benefited from secondary markets due to implementing reverse logistics system.

A. Most companies receive positive public image and goodwill from consumers due to implementing reverse logistics and releasing the products into the secondary markets.

1. Complying with reverse logistics and innovatively value addition to returned products increases consumers loyalty to the company. Consumers develop a sense of belonging and positive responsiveness thus increasing the company market value.

2. Collecting returned good and attending to the consumers' needs increases the company competitive advantage and relevance.

3. Secondary markets add to the company unplanned profits and reduce the cost of production.

4. Secondary markets are good platforms for conducting cost-effective research and development for improving the product and meeting diverse customers’ needs.

B. Secondary markets promote companies compliance with environmental protection laws in the world.

1. Secondary markets remove obsolete products from the environment and extract valuable accessories that customers need, and properly disposing of the hazardous remains.

2. Secondary markets improve the company reverse logistics process, which improves interaction with its consumers thus uplifting its services in the protection of the environment for sustainable consumption.