What is 'returned product warehousing cost' in SAP EPM-SCP - Supply Chain Performance Management?

returned product warehousing cost - Overview

• Component: EPM-SCP

• Component Name: Supply Chain Performance Management

• Description: The costs for returned goods that are levied by the warehouse owners and that are an unavoidable expense for the companies that use the space.

returned product warehousing cost - Details

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  Key Concepts: 
  Returned product warehousing cost is a component of SAP's EPM-SCP Supply Chain Performance Management module. It is a cost associated with the storage of returned products, such as those that have been damaged or are no longer needed. This cost is typically incurred when a company has to store returned products in a warehouse until they can be disposed of or resold.
  
  How to use it: 
  The returned product warehousing cost component of SAP's EPM-SCP Supply Chain Performance Management module allows companies to track and manage the costs associated with storing returned products. Companies can use this component to monitor the costs associated with storing returned products, as well as to identify areas where they can reduce costs.
  
  Tips & Tricks: 
  It is important to track and monitor the costs associated with storing returned products, as these costs can quickly add up. Companies should also consider implementing strategies to reduce the amount of returned products they have to store, such as offering incentives for customers to return products in good condition or providing better customer service.
  
  Related Information: 
  The EPM-SCP Supply Chain Performance Management module also includes components for inventory management, order fulfillment, and supply chain optimization. Companies can use these components to optimize their supply chain and reduce costs associated with storing returned products.