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What is Circular Supply Chain Management

Chapter 9
Handbook of Research on Designing Sustainable Supply Chains to Achieve a Circular Economy
The idea of Circular Supply Chain Management (CSCM) was created by combining Sustainable Supply Chain Management with Circular Economy
Published in Chapter:
Industry 4.0: Managing the Circular Supply Chain
Saurabh Tiwari (University of Petroleum and Energy Studies, India)
Copyright: © 2023 |Pages: 22
DOI: 10.4018/978-1-6684-7664-2.ch009
Abstract
Companies have recently embraced sustainable supply chain management to lessen the adverse effects of their supply networks on the environment and society. The supply chain literature has developed a circular approach within this paradigm. Industry 4.0 technologies and circular economy have been established to convert end-of-life products into new ones with a variety of applications. The coordinated use of the CE and I4.0 concepts in may boost supply chain efficiency and competitiveness. The circular economy concept has been raised to the top of the corporate agenda due to demands from several stakeholders; as well as environmental and social issues; and corporations now recognizing the need to develop more sustainable operations. The adoption of smarter equipment and the digitalization of processes are essential success elements that increase output, resource efficiency, and waste reduction. The study recommends a thorough analysis of the literature that highlights the most important advancements while examining and organizing the data in the circular SC area made available by CE and I4.0.
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Chapter 19
Circular Supply Chain Management in Manufacturing Companies
Circular supply chain management (CSCM) is defined as the coordinated forward and reverse supply chains via purposeful business ecosystem integration for value creation from products or services, by-products, and useful waste flows through prolonged life cycles that improve the economic, social, and environmental sustainability of organizations. The field of supply chain sustainability benefits from the introduction of a novel and compelling point of view in the form of CSCM, which is an approach that merges the principles of supply chain management with those of the circular economy. It refers to the management of material, information, and capital flows as well as cooperation among companies along the supply chain. This is accomplished while taking goals from all three dimensions of sustainable development, namely economic, environmental, and social, into consideration. These goals are derived from the requirements of customers and other stakeholders.
Published in Chapter: Circular Supply Chain Management in Manufacturing Companies; From: Handbook of Research on Designing Sustainable Supply Chains to Achieve a Circular Economy
Full Text Chapter Download: US $37.50 Add to Cart
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