Track: Sustainable Operations

Abstract

In the current industrial scenario, manufacturing organizations are dealing with issues pertaining to lack of resources, higher environmental impacts and decreased value creation. To make the manufacturing process more efficient and to cope up with the volatile industrial market, manufacturing organizations have started to adopt sustainable strategies that focus on gradually decoupling economic activity from the consumption of finite resources, and designing waste out of the system. Circular Economy is one such strategy which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products. Deploying circular economy strategies would make the firm to strengthen its business model and also improves the overall value of the manufacturing process and as well as the product. A dedicated framework is required for deploying the circular economy concepts systematically. This research article proposes a dedicated framework for deploying circular economy concepts in manufacturing organizations. The developed framework consists of five phases namely Framing the factors, Production and Deployment, Collection and Reuse, Usage and Consumption and Measuring the performance. Each phase consists of a set of directives for deploying the concepts. The developed framework will be useful for implementation managers and manufacturing firms willing to deploy circular economy concepts in their organization.