CIRCULAR ECONOMY buying new assets . It ’ s not practical or cost effective to simply rip and replace . So , this process allows organisations to conduct a thorough cost and risk analysis of their infrastructure to help with future planning and budgeting ,” explains David .
He adds : “ Our consultation and design process provides the framework for sustainability programmes , digital transformation , electrification and decarbonisation . We use automation and monitoring to assess safety risks , map premises for electrical installations , identify damaged equipment and source spare parts .”
An end-to-end approach to circular economy encompasses product design , supplier engagement , material sourcing , procurement practices , inventory management , reverse logistics , collaboration , and measurements and reporting to name a few . By adopting an end-to-end approach to circular economy in procurement , organisations can not only reduce environmental footprints but also drive innovation , create value and contribute to the transition towards a more sustainable future . supplychaindigital . com 127