target audience: TECH BUYER Publication date: Oct 2023 - Document type: IDC PlanScape - Doc Document number: # EUR251272223
IDC PlanScape: Operationalization of Circular Principles in Manufacturing
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Abstract
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