A “Take Back Program” is an initiative organized by a manufacturer or retailer, to collect used products or materials from consumers and reintroduce them to the original processing and manufacturing cycle. A company may implement this program in collaboration with end-of-life logistics and material processing firms.
There are multiple benefits for implementing a take back program, including:
These benefits often result in no cost or discounts to consumers when they participate. Companies have estimated the success of their take back programs by measuring the total mass of the materials sold against those collected in a year. Financial metrics can also be attributed to a strategy like this.