Remanufacturing for Sustainable Development
11 Pages Posted: 14 Jun 2019
Date Written: March 31, 2019
Sustainable development is the need of the hour as population booms on a planet with a finite resource pool. Employing the process of remanufacturing is essential in achieving this. Busting the myths surrounding the field of remanufacturing by studying the components and characteristics of this process and the obstacles faced by it in the market will ensure the absorption of this methodology in the mainstream, commercial sector. A key aspect of remanufacturing is the close association between remanufacturing opportunities and product cannibalization. This paper touches upon the challenges faced by this sector, like the End-of-Life Product cost, the hindrances in the reverse logistic chain, the perception of remanufactured product quality, to name a few. Acquiring a significant, profitable market share for remanufactured products is decided by elements like Product Acquisition Management, Reverse Logistic Collections, Supply and Demand of remanufactured products. The analyses of two cases, one from the cartridge industry and the other from the PC Monitors industry expound on these elements and their influence on the decision to remanufacture.
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