Circular Economics is the Supply Chain Configuration Strategy that integrates outbound and reverse flows in order to extend the (income generating) lifespan/use of resources as long as possible. The substrategies of Circular Economics are called (process) loops as the product repeats through these loops as many times as possible to yield as much value to the company as possible.
Circular Economics is one of the five Supply Chain Configuration Strategies: Make-to-Stock (MTS), Make-to-Order (MTO), Engineer-to-Order (ETO), Reverse Logistics, and Circular Economics.
Alternative names include: Circular Business Model, Circular Economy, Product-as-a-Service.
ID | Name | Level | x |
---|---|---|---|
SCCS | Supply Chain Configuration Strategy | 1 | SCCS |
CE | Circular Economics | 2 | CE |
CE1 | Extending | 3 | CE1 |
CE2 | Sharing | 3 | CE2 |
CE3 | Repurpose | 3 | CE3 |
CE4 | Renewable | 3 | CE4 |