If you heard during your business administration studies or at work from the term "RTN process", but do not know what it actually means, then we would like to give you in this article a little explanation.
RTN process in the economy means "Refurbish to New". The RTN process is usually defined in the service department as a separate process. Products which are sent back by the customer are refurbished so that they can be sold or used as new. The RTN process is commonly used in the market segment of high-quality technology, where working hours are cheaper instead of producing a new device.
You know now, what the term "RTN" means in the economy and service department.
