The Procurement 4.0 Contributions to Circular Economy

Abstract

This study examines the potential of Procurement 4.0 as a driving force for the circular economy. While the circular economy’s principles are gaining increasing importance, their impact on established procurement practices necessitates exploration. This research investigates how Procurement 4.0 contributes to circularity within business processes. By employing the Delphi Method, the study identifies Industry 4.0 applications that hold promise for optimizing procurement within a circular economy framework. The findings demonstrate that Procurement 4.0, aligned with sustainability goals and leveraging enabling technologies, can enhance business competitiveness in a circular economy context.