Yes, it is called “Returnable Packaging Logisitics”
It is activated via configuration “Activate Business Functions” > “Enterprise Business Functions”
Although 2 lines are listed above, only “Returnable Packaging Logistics” requires activiation.
As you can see it is one part of DIMP – Discrete Industries Mill Products
Once acitivated the following menu option appears:
For more detail on functionality, please respond to post.