Logistics And Supply Chain System: RLI Auctions Off Patent For Return Logistics Industry's Most Comprehensive And Dependable System
Return Logistics International Corporation (RLI) announced today that it will auction off its patent on the return logistics industry's most innovative system at the Ocean Tomo Fall 2006 Live Intellectual Property Auction on October 26, 2006.
"Whoever wins this auction will probably dominate the return logistics industry for years to come," said RLI President Brian Stenz. "U.S. Patent No. 6,754,637 for ‘A Method and Apparatus to Manage Network Based Returns Processing' combines and automates the most essential elements of the world's best returns processing and disposal program. Some of the greatest programmers on earth helped us make RLI's proven return logistics methodology come to life electronically."
Specifically, the system addresses manufacturing traceability, supply chain visibility, warehouse management, anti-counterfeiting, freight transportation, rejection management, waste management, shipment visibility, reconciliation, exception reporting, product data, credit issuance, and other key considerations to help manufacturers, retail chains, and wholesalers drive down costs and increase profits.
"RLI will continue working to advance the return logistics profession in the months and years to come," Stenz said. "In fact, our Central Returns Processing Center in Savannah recently completed a $1.5 million expansion that enlarged the facility to 32,000 square feet."
"More importantly, the Georgia Department of Natural Resources recently awarded our Central Returns Processing Center in Savannah a permit that significantly expands the number of waste streams it can process," Stenz added. "The permit enables RLI to process nonhazardous bulk liquid and powders that fail to meet certain state requirements, and dispose of them in an environmentally friendly fashion. In other words, the permit makes RLI the only service provider in the country that can integrate a large Fortune 500 company's returns and reject waste under one roof."
For more than a decade, Return Logistics International Corporation (RLI) has provided manufacturers, wholesalers, retail chains, and other waste generators with full-service supply chain protection services that include waste disposal and credits processing for over-the-counter and ethical products, including hazardous materials and all classes of controlled substances. RLI's track record in processing manufacturer returns for credit in a timely and cost-effective manner remains unparalleled in the waste disposal industry.
For more information about The Ocean Tomo Fall 2006 Live Intellectual Property Auction, for a detailed listing of IP for sale or to purchase a Catalogue, Bidder Registration Package or admission to the IP workshops, please call (312) 377-4851 or visit www.oceantomoauctions.com.