Accelerating the circular economy with purpose-driven digital transformation
The circular economy holds the promise of a sustainable future for manufacturing companies. Successful circular economy initiatives can be accelerated by design-led co-innovation to build a digital solution canvas across the end-to end business value chain. Example solutions from the digital canvas for circular economy initiatives include:
Inventory management – Organizations can use gamification techniques to encourage, incentivize, and drive behavioral changes across diverse teams to reduce procurement costs and inventory obsolescence impact
Parts re-marketplace – Organizations can build an ecosystem-wide marketplace to monetize and reuse refurbished assets and parts, for reducing acquisition costs for the purchaser.
Intelligent connected ecosystems – Organizations can conceptualize and deliver solutions for enabling real-time visibility and track asset performance and health.