What is Material Flow

Conventionally supply chain is a complex web, comprising multiple entities of suppliers, manufacturers, retailers, and customers. Participants put their best efforts into zeroing in on the gap between demand and supply via operational efficiency and value creation. There are various reasons for not sourcing these materials for reutilization; one of the major reasons for not using this material is the higher cost associated with its sourcing and the easy availability of fresh materials. Hence supply chain strategies need to be sustainable for searching for new avenues for sourcing these materials. In the case of technical goods, its digital manifest is important to narrate its resource composition, its quality, and quantity to determine recyclable value. Controversy with the circular economy is odd for various manufacturing and selling concepts to narrate individual ownership and obsolescence value. Its benefits are derived from gains through energy efficiency, and results obtained by practicing reverse supply chain concepts.