Original title: The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies
A circular economyAn approach to production and consumption that aims to keep resources in use and reduce waste. aims to keep resources in use rather than waste them. This paper reviews research and practice to build a framework connecting manufacturers’ circular strategies with the digital tools and business analyticsUsing data to understand situations and support business decisions. they need. Business analytics means using data to guide decisions. The framework can help companies compare the skills they have with the skills their plans require, and it organizes real-world examples of strategies.
Imagine cooking dinner while trying to waste as little food as possible. It is hard to plan well if you do not know what ingredients you have or what each dish will need. In this paper, the dishes are manufacturers’ circular strategies, and the ingredient list is the data and analysis capability each strategy requires. The framework helps a company see what it has and what it still needs.
Manufacturers trying to use fewer resources need more than digital tools: they need to know what information and analysis each circular strategy requires. The framework helps companies spot gaps in those capabilities and choose initiatives to address them.
The abstract describes a framework built from a review and a database of case examples. It does not report testing the framework’s effects in manufacturing companies, quantify improvements in resource efficiency or productivity, or establish that the organized examples work in every setting.
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The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies — Eivind Kristoffersen, Fenna Blomsma, Patrick Mikalef et al. — Journal of Business Research — doi:10.1016/j.jbusres.2020.07.044
Abstract licence: CC BY
Explanation generated by Synthesis from the abstract — it is not the original paper.