Recommerce
Definition - What does Recommerce mean?
Recommerce is a general term for a practice in which a seller of goods allows for a certain kind of exchange between customers. In recommerce situations, those who have bought products can “sell back” obsolete or otherwise undesirable products, either for a cash payout or in exchange for a different product. These scenarios generally involve pre-approved contracts designating a value for something that the customer would like to sell back to the original vendor.
Techopedia explains Recommerce
Recommerce is now a prominent part of modern retail; many consider recommerce to be loosely related to other innovations like e-commerce in that recommerce is congruent with the emerging value of transience that has come with new technologies like the Internet. In recommerce, the customer and the seller realize the value of "right-sizing" a physical cache of both large and small assets.
Recommerce is also seen as a resource-saving phenomenon. Recommerce programs often involve a responsibility on the part of the seller or the third party firm that is buying used goods to deal with waste, whether that means harvesting rare earth metals from used devices, or dealing with the plastic shells and other components of used electronics.
Recommerce is also seen as a resource-saving phenomenon. Recommerce programs often involve a responsibility on the part of the seller or the third party firm that is buying used goods to deal with waste, whether that means harvesting rare earth metals from used devices, or dealing with the plastic shells and other components of used electronics.
Email Newsletter
Join thousands of others with our weekly newsletter
Please Wait...
Resources
![[DON'T MISS] Optimal Forecasting: Save Time, Money and Trouble](http://cdn.techopedia.com/resource/images/qrcode.png?width=80&height=40)
The 4th Era of IT Infrastructure: Superconverged Systems:
Learn the benefits and limitations of the 3 generations of IT infrastructure – siloed, converged and hyperconverged – and discover how the 4th...
Approaches and Benefits of Network Virtualization:
Businesses today aspire to achieve a software-defined datacenter (SDDC) to enhance business agility and reduce operational complexity. However, the...
Free E-Book: Public Cloud Guide:
This white paper is for leaders of Operations, Engineering, or Infrastructure teams who are creating or executing an IT roadmap.
Free Tool: Virtual Health Monitor:
Virtual Health Monitor is a free virtualization monitoring and reporting tool for VMware, Hyper-V, RHEV, and XenServer environments.
Free 30 Day Trial – Turbonomic:
Turbonomic delivers an autonomic platform where virtual and cloud environments self-manage in real-time to assure application performance.
