Product-As-A-Service is the Supply Chain Configuration Strategy which maximizes the income generated from resources acquired through repeated use and eventual recovery of resource value at the end of the lifespan of the product.
This is typically achieved through integrating outbound and reverse flows (known as loops) specifically with the purpose of extending the (income generating) lifespan/use of resources as long as possible.
The substrategies of Product-As-A-Service 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.
Product-As-A-Service is one of the five Supply Chain Configuration Strategies: Make-to-Stock (MTS), Make-to-Order (MTO), Engineer-to-Order (ETO), Reverse Logistics, and Product-As-A-Service.
Alternative names include: Circular Business Model, Circular Economy, Product-as-a-Service.
Circular Economics Supply Chain Configuration Strategy 5 2 Product-as-a-Service, Circular Economy, Make-Reuse-Dispose, Refurbishment, Recycling, End-of-Use, End-Of-Life, Recall, Return, Reverse Logistics, Supply Chain