Officially founded in 2008, as a back-end solution for businesses looking to move excess inventory online, Optoro has delivered automation and analytics to allow retailers to connect with shoppers in a unique way, unleashing new profit streams for retailers and savings for shoppers. The company’s proprietary, cloud-based software platform OptiTurn launched in February of 2011. In September of 2013, Optoro opened a corporate office in the vibrant Chinatown neighborhood of Washington, D.C., while maintaining a thriving operations headquarters just outside the city in Maryland.
Given the huge potential for cost savings, risk protection, and revenue gains, companies should seriously consider building a business case and ROI justification for investment in an RLM solution.
Optoro in the News
Supply chain efficiency is becoming a key operational differentiator for companies competing in a worldwide market place that is increasingly ignoring traditional borders and limitations.
(May 31, 2017)
UPS enhances its retail solutions portfolio by investing in Optoro, and with more than 1.3 Million packages to be returned with UPS on National Returns Day, both companies say they will work together as e-commerce gains ground with consumers.
(December 21, 2016)
Reverse logistics can represent a significant chunk of supply chain cost, and it’s typically not very well managed, it’s time to manage reverse as an integral part of supply chain management.
(July 09, 2015)
Washington, DC based Optoro offers a reverse logistics platform that retailers can use to manage, process, and sell customer return and excess inventory with the goal of making retailers more sustainable and reducing their environmental impact.
(April 29, 2015)
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