| Title | From Supply Chain To Digital Circular Value Chain |
|---|---|
| ID_Doc | 5503 |
| Authors | Salminen, V; Ruohomaa, H; Pöykkö, T |
| Title | From Supply Chain To Digital Circular Value Chain |
| Year | 2016 |
| Published | |
| Abstract | Circular economy as a business driver is growing in manufacturing industry context. That means great opportunity for all kind of businesses but at the same time a huge business transition. The opportunities of sustainability and circular economy have not been understood in full context and as new service innovation. Responsibility business management is an integrator on the path. The paradigm shift in the effective circular economy is the alteration of purchase behavior from ownership and selling of machines to offering of services. Obvious development activity is to increase the efficiency in supply network. Digitalization is rapidly increasing and enterprises must find new ways to innovate for business advantage. Through digital transformation, the use of new technologies like cloud, mobile, big data, and social networks with increasing intelligence and automation enterprises can capitalize on new business and optimization opportunities. Responsibility business leadership needs democratic innovation culture and co-innovation and co-evolution processes. Traditionally linear management and planning has focused in manufacturing industry on supply chain and value chain and its' effectiveness has been improved by lean management analysis. Now the focus has turned on development of circular economy, which provides the efficiency of material and energy. It is possible to achieve by eliminating waste through the superior design of materials, products, systems and business models, improving the re-use of products and by recycling of materials. Digitalization gives new opportunities for improving the use of disposed materials. It is important to create a framework also for use of re-use value chain. In this article, we introduce the framework of digitalized circular value chain. |
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