IDC PlanScape: Operationalization of Circular Principles in Manufacturing
This IDC study aims to deepen manufacturing organizations' understanding of the need for the operationalization of circular principles across the product life cycle. It offers insight into how to achieve regulatory compliance, increase raw material resiliency levels, gain customer trust, and reach profitable growth targets through the operationalization of the circular economy."Circularity requires investments in digital tools capable of handling manufacturing processes in which input and output indicators may not always be well defined. Manufacturers that tackle this challenge should consider dedicated software enhanced with features like reverse bills of material, disassembly, expected recovery and kitting, remanufactured parts management, and remanufacturing pricing with core changes." - Associate Vice President Jan Burian, IDC Manufacturing Insights
Please Note: Extended description available upon request.
IDC PlanScape Figure
Executive Summary
Why is the Operationalization of Circularity in Manufacturing Important?
What is the Operationalization of Circularity?
The Role of Digital Technology
Who are the Key Stakeholders?
How Can My Organization Take Advantage of the Operationalization of Circularity?