Need for a circular economy The linear model of resource consumption and production has dominated the global economic system. The system works on the principle of “use-produce-dispose.” In this linear model, goods are manufactured from raw materials, used by the consumers and the materials are finally discarded as waste after
The linear economic model is reaching its physical limits. In this linear model, goods are manufactured from raw materials, used by the consumers and the materials are finally discarded as waste after its useful life. Any system based on consumption rather than on the restorative use of resources entails significant
Obsolete Stock ? Dealing with obsolete products is considered to be the great risk factor. A lot of old stock are a notice sign for financial specialists, that an inventory is in absolute loss. These are all the results of poor management of products list, poor estimation etc. Taking a