Contents

• Executive Summary 2
• The concept of circular economy 4
• Characteristics of the Circular economy 7
• The materials mainly the raw materials are circulated at a continuously higher value 7
• The entire energy requirement is based on the renewable energy source 7
• This concept supports biodiversity 7
• The Benefits from the Circular Economy 8
• The Role of Supply Chain Management in Supporting Circular Economy 10
• The role of Circular economy in creation of jobs 10
• Practical Perspective of Circular economy 12
• Materials 13
• Packaging 13
• Take back 13
• Resale 13
• Energy 14
• Virtualization 14
• The Circular Economy and Supply Chain Management System in Dell 14
• Works Cited 17

Description

This report is based on the following requirement -
Purpose of the Assessment
The purpose of this assignment is to develop your ability to present the fundamental principles of the circular economy and critically discuss how the adoption of circular economy principles can help organisations and related supply chains to increase their economic, social and environmental performance.
Assessment Task
You are required to discuss how companies that adopt circular economy principles increase their economic and social efficiency and minimise their environmental impact.
More specifically, you are required to write a report that provides two perspectives of the topic above: A theoretical and a practical perspective. The report as a whole should be no longer than 3000 words (excluding cover page and references).
Assessment Breakdown
Theoretical perspective:
The first part of the report should address theoretical perspectives of the subject. For this, you are expected to draw from academic publications and articles fundamental circular economy aspects. The topics you should address are:
Concepts and characteristics of the circular economy
The main drivers of the circular economy, i.e. why it is important and benefits for businesses, society and environment
The role of circular supply chains in supporting circular economy processes in organisations, and
The role of the circular economy in promoting job creation
Practical perspective:
In the second part, you are expected to apply the theoretical perspectives above to describe a business model case of a specific company implementing circular economy principles.
For this, you should choose a particular company and describe its operations in terms of circular economy aspects. Reports explaining how the company’s supply chain supports the business operations will achieve higher marks.
Your chosen company should represent a real-life illustrative example of how a business attempts to implement circular economy practices and the economic, social and environmental benefits the company can achieve.
You are expected to support the description of your chosen company with business articles from high quality reliable sources such as the Financial Times (FT.com), The Economist (economist.com) or other similar sources. A business case presented with basis on the company’s website only will be considered unsatisfactory, i.e. exam fail.