Integrating Circular Economy aspects with Manufacturing planning: An MSME perspective

Abstract

The circular economy is gaining prominence as a sustainable approach to economic development, emphasizing resource efficiency and minimizing waste. For Micro, Small, and Medium Enterprises (MSMEs), adopting circular economy principles in their manufacturing planning holds immense potential for achieving both environmental and economic benefits. This research paper explores the concept of circular economy integration in manufacturing planning for MSMEs. Product passes through the different process throughout manufacturing industry till it reaches to the customer hand. Manufacturing process involves lot planning to introduce product from concept to market ready phase. It analyzes the key principles of the circular economy, identifies the challenges faced by MSMEs in adopting circular practices, and proposes strategies to enable successful integration. By incorporating circular economy principles, MSMEs can not only contribute to environmental preservation but also enhance their competitiveness and long-term viability.