In your own words, define the term “closed-loop supply chain.†How does this differ from your definition of “reverse logistics� Compare and contrast these two concepts. Then using the company that was the focus of your final project, describe how the company either (a) uses or is otherwise a part of a closed-loop supply chain, or (b) could use or otherwise be a part of a closed-loop supply chain.
Accompany your description with a hypothetical process map of the closed-loop supply chain (submit this drawing as a Word or PowerPoint file attached to your discussion posting). Be sure to include where and how reverse logistics plays a role in the closed-loop supply chain.