Abstract
The aim of the Circular economy (CE) business models is to reuse materials and decrease the need for virgin materials in the value chains. This, in turn, requires close collaboration and information sharing between the value chain stakeholders. For this, digitalization and data play a crucial role. This paper studies how small and medium sized enterprises (SMEs) operating in CE can utilize digitalization and data in managing and optimizing the material flows that are central to their production processes. The paper focuses on four case companies, all operating in CE business in Finland, and analyses how these companies have been able to enhance their material flow management by means of data-driven logistics optimization in a research-based university-industry collaboration. The solutions range from conceptual solutions to mathematical optimization and a tool supported solution concept.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
