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Retail Returns Management and Liquidation Solutions

by abala Updated: Apr 13, 2022

Did you know that the value of Online Returns is more than the US Defense Budget? CNBC reported that in 2021 the US online returns were estimated to be at $761 Billion, while the US Defense budget was $741 Billion. Now that you know the scale of this problem or opportunity, it would be surprising to note that few platforms serve this industry. The returns and the used market has been able to soften the supply chain constraints in the recent past in categories like electronics. Today about two-thirds of the returns are processed through reselling, liquidation and donations. About a third ends up in landfills, or its better-sounding alternative of “Energy Recovery,” which sadly means incineration! Given the focus on sustainability, it becomes more critical to ensure that returns are processed through the circular economy more efficiently. This is the idea that we should be reusing and recycling existing materials rather than creating new ones, so that we don't consume our natural resources faster than they can replenish themselves. One important place to implement this concept is in online returns management. The e-commerce industry has grown steadily over the past two decades, and it's projected to keep growing by leaps and bounds over the next few years. As these companies become more efficient at scaling their processes, online shopping will increasingly become the norm—and that means we will have a lot more waste from packaging and discarded returns. In addition, as consumers become more sophisticated in their understanding of sustainable practices, they are becoming less tolerant of wasteful packaging and discarded returns. In fact, many return customers have said that they would not shop with a brand again if it used too much packaging for their order. It's important for companies with big e-commerce operations to find ways to reduce this waste and optimize returns. There are opportunities across the value chain such as better product discovery to minimize incorrect purchases and returns, better demand planning to optimize overstock, fraud management in returns, liquidation marketplaces, and becoming a YouTube influencer unboxing mystery return pallets! For more information on the CNBC report, visit: https://www.cnbc.com/video/2022/02/19/inside-liquidity-services-and-the-644-billion-liquidation-market.html For ideas and libraries to get you jumpstarted on the circular economy use cases use the below libraries.

Supply Chain Optimization Libraries

These libraries help you avoid waste through planning, tracking and optimization solutions.

multimodal-transportation-optimizationby hzjken

Python star image 68 Version:Current

License: No License (null)

A project on using mathematical programming to solve multi-modal transportation cost minimization in goods delivery and supply chain management.

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multimodal-transportation-optimizationby hzjken

Python star image 68 Version:Current License: No License

A project on using mathematical programming to solve multi-modal transportation cost minimization in goods delivery and supply chain management.
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IoT-AssetTracking-Perishable-Network-Blockchainby johnwalicki

JavaScript star image 55 Version:Current

License: Permissive (Apache-2.0)

Use an IoT Asset Tracking device to record environmental sensor conditions to a Hyperledger Blockchain Perishable Network

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IoT-AssetTracking-Perishable-Network-Blockchainby johnwalicki

JavaScript star image 55 Version:Current License: Permissive (Apache-2.0)

Use an IoT Asset Tracking device to record environmental sensor conditions to a Hyperledger Blockchain Perishable Network
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ofbiz-frameworkby apache

Java star image 502 Version:Current

License: Permissive (Apache-2.0)

Apache OFBiz is an open source product for the automation of enterprise processes. It includes framework components and business applications for ERP, CRM, E-Business/E-Commerce, Supply Chain Management and Manufacturing Resource Planning. OFBiz provides a foundation and starting point for reliable, secure and scalable enterprise solutions.

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ofbiz-frameworkby apache

Java star image 502 Version:Current License: Permissive (Apache-2.0)

Apache OFBiz is an open source product for the automation of enterprise processes. It includes framework components and business applications for ERP, CRM, E-Business/E-Commerce, Supply Chain Management and Manufacturing Resource Planning. OFBiz provides a foundation and starting point for reliable, secure and scalable enterprise solutions.
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maroby microsoft

Python star image 682 Version:maro-0.3.1a1

License: Permissive (MIT)

Multi-Agent Resource Optimization (MARO) platform is an instance of Reinforcement Learning as a Service (RaaS) for real-world resource optimization problems.

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maroby microsoft

Python star image 682 Version:maro-0.3.1a1 License: Permissive (MIT)

Multi-Agent Resource Optimization (MARO) platform is an instance of Reinforcement Learning as a Service (RaaS) for real-world resource optimization problems.
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return-predictionsby danyalahmed247

Jupyter Notebook star image 0 Version:Current

License: No License (null)

HU Assignment for Business Analystics and Data Science. Predicting returns for an online retail store.

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return-predictionsby danyalahmed247

Jupyter Notebook star image 0 Version:Current License: No License

HU Assignment for Business Analystics and Data Science. Predicting returns for an online retail store.
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FRESCO-RETAILby ChandrimaThakur

Jupyter Notebook star image 0 Version:Current

License: No License (null)

The data analyses Fresco Retail’s customer's transaction data to predict return decision using various data points like customer background, payment modes, store types, product nature, etc.To study the influence of different transaction data points and their impact on a customer’s final decision to return the products bought in a transaction.

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FRESCO-RETAILby ChandrimaThakur

Jupyter Notebook star image 0 Version:Current License: No License

The data analyses Fresco Retail’s customer's transaction data to predict return decision using various data points like customer background, payment modes, store types, product nature, etc.To study the influence of different transaction data points and their impact on a customer’s final decision to return the products bought in a transaction.
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forecastingby microsoft

Python star image 2454 Version:v0.2.0

License: Permissive (MIT)

Time Series Forecasting Best Practices & Examples

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forecastingby microsoft

Python star image 2454 Version:v0.2.0 License: Permissive (MIT)

Time Series Forecasting Best Practices & Examples
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Simple Retail Storefronts and Auctions

These libraries help you build storefronts and auctions for return, used products returning them to the circular economy.

shopizerby shopizer-ecommerce

Java star image 2946 Version:3.2.5

License: Permissive (Apache-2.0)

Shopizer java e-commerce software

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shopizerby shopizer-ecommerce

Java star image 2946 Version:3.2.5 License: Permissive (Apache-2.0)

Shopizer java e-commerce software
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laravel-ecommerceby avored

TypeScript star image 1390 Version:3.34

License: No License (null)

AvoRed an Open Source Laravel Shopping Cart

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laravel-ecommerceby avored

TypeScript star image 1390 Version:3.34 License: No License

AvoRed an Open Source Laravel Shopping Cart
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retail-demo-storeby aws-samples

Jupyter Notebook star image 510 Version:Current

License: Permissive (MIT-0)

AWS Retail Demo Store is a sample retail web application and workshop platform demonstrating how AWS infrastructure and services can be used to build compelling customer experiences for eCommerce, retail, and digital marketing use-cases

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retail-demo-storeby aws-samples

Jupyter Notebook star image 510 Version:Current License: Permissive (MIT-0)

AWS Retail Demo Store is a sample retail web application and workshop platform demonstrating how AWS infrastructure and services can be used to build compelling customer experiences for eCommerce, retail, and digital marketing use-cases
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hello-retailby Nordstrom

JavaScript star image 561 Version:Current

License: Permissive (Apache-2.0)

“Hello, Retail!” is an open-source, mobile-first, 100% serverless functional proof-of-concept showcasing a complete event sourcing approach applied to the retail platform space.

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hello-retailby Nordstrom

JavaScript star image 561 Version:Current License: Permissive (Apache-2.0)

“Hello, Retail!” is an open-source, mobile-first, 100% serverless functional proof-of-concept showcasing a complete event sourcing approach applied to the retail platform space.
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aimeosby aimeos

JavaScript star image 3019 Version:2022.10.4

License: Permissive (MIT)

Integrated online shop based on Laravel 9 and the Aimeos e-commerce framework for ultra-fast online shops, scalable marketplaces, complex B2B applications and #gigacommerce

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aimeosby aimeos

JavaScript star image 3019 Version:2022.10.4 License: Permissive (MIT)

Integrated online shop based on Laravel 9 and the Aimeos e-commerce framework for ultra-fast online shops, scalable marketplaces, complex B2B applications and #gigacommerce
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wordpress-instagram-shopby supadupa

PHP star image 1 Version:Current

License: No License (null)

The Wordpress plugin for Snapppt - allows for easy embedding of your Instagram feed, for easy Instagram shopping via Hotspots for your customers.

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wordpress-instagram-shopby supadupa

PHP star image 1 Version:Current License: No License

The Wordpress plugin for Snapppt - allows for easy embedding of your Instagram feed, for easy Instagram shopping via Hotspots for your customers.
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greenlineshopby EmaBonitoCruz

HTML star image 0 Version:Current

License: No License (null)

A second-hand shop on Instagram, created as an academic project.

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greenlineshopby EmaBonitoCruz

HTML star image 0 Version:Current License: No License

A second-hand shop on Instagram, created as an academic project.
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expressCartby mrvautin

JavaScript star image 2101 Version:Current

License: Permissive (MIT)

A fully functioning Node.js shopping cart with Stripe, PayPal, Authorize.net, PayWay, Blockonomics, Adyen, Zip and Instore payments.

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expressCartby mrvautin

JavaScript star image 2101 Version:Current License: Permissive (MIT)

A fully functioning Node.js shopping cart with Stripe, PayPal, Authorize.net, PayWay, Blockonomics, Adyen, Zip and Instore payments.
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PrestaShopby PrestaShop

PHP star image 6956 Version:8.0.1

License: Others (Non-SPDX)

PrestaShop is the universal open-source software platform to build your e-commerce solution.

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PrestaShopby PrestaShop

PHP star image 6956 Version:8.0.1 License: Others (Non-SPDX)

PrestaShop is the universal open-source software platform to build your e-commerce solution.
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saleorby mirumee

Python star image 13983 Version:2.10.1

License: Others (Non-SPDX)

A modular, high performance, headless e-commerce platform built with Python, GraphQL, Django, and React.

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saleorby mirumee

Python star image 13983 Version:2.10.1 License: Others (Non-SPDX)

A modular, high performance, headless e-commerce platform built with Python, GraphQL, Django, and React.
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bagistoby bagisto

PHP star image 5005 Version:v1.4.5

License: Permissive (MIT)

An easy to use, free and open source laravel eCommerce platform to build your online shop in no time.

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bagistoby bagisto

PHP star image 5005 Version:v1.4.5 License: Permissive (MIT)

An easy to use, free and open source laravel eCommerce platform to build your online shop in no time.
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refurbishedby zmoog

HTML star image 8 Version:0.11.0

License: Permissive (MIT)

Python packace to access the products information available on the Apple Certified Refurbished section of the Apple Store.

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refurbishedby zmoog

HTML star image 8 Version:0.11.0 License: Permissive (MIT)

Python packace to access the products information available on the Apple Certified Refurbished section of the Apple Store.
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auction-websiteby jimouris

Java star image 49 Version:Current

License: Permissive (MIT)

:label: An e-commerce marketplace template. An online auction and shopping website for buying and selling a wide variety of goods and services worldwide.

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auction-websiteby jimouris

Java star image 49 Version:Current License: Permissive (MIT)

:label: An e-commerce marketplace template. An online auction and shopping website for buying and selling a wide variety of goods and services worldwide.
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Refurb_Storeby Eric-Gomes

JavaScript star image 0 Version:Current

License: No License (null)

My Ecommerce Store for Refurbished Products

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Refurb_Storeby Eric-Gomes

JavaScript star image 0 Version:Current License: No License

My Ecommerce Store for Refurbished Products
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Refurbishment Managementby gunedaa

C# star image 0 Version:Current

License: No License (null)

This is a "Refurbishment Management" app which enables managing the different phases of a refurbishment process by 5 interfaces: General Overview, IGT, MR, CT and SUR.

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Refurbishment Managementby gunedaa

C# star image 0 Version:Current License: No License

This is a "Refurbishment Management" app which enables managing the different phases of a refurbishment process by 5 interfaces: General Overview, IGT, MR, CT and SUR.
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silent-auction-rnby benawad

JavaScript star image 34 Version:Current

License: No License (null)

A Silent Auction app built with React Native

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silent-auction-rnby benawad

JavaScript star image 34 Version:Current License: No License

A Silent Auction app built with React Native
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recycling-trackerby zero-to-mastery

JavaScript star image 18 Version:Current

License: Permissive (MIT)

"A game style app that tracks the amount of waste that you have recycled and where, then calculates the amount of landfill that you prevented overall. Giving you bragging rights on your favorite social media platform."

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recycling-trackerby zero-to-mastery

JavaScript star image 18 Version:Current License: Permissive (MIT)

"A game style app that tracks the amount of waste that you have recycled and where, then calculates the amount of landfill that you prevented overall. Giving you bragging rights on your favorite social media platform."
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