Circular Economy - Reverse Logistics and Equipment Re-Use
During swap or upgrade decommissioned assets must be tracked, recovered and allocated for optimal re-use or controlled disposal
Re-use strategies are often constrained by a lack of traceability, control and data quality for decommissioned or idle assets. The opportunity for CapEx cost avoidance through re-use (‘sweating’ of assets) is not fully realized as a result.
Even the most experienced engineers have difficulty interpreting a list of technical inventory without the necessary item profile and BoM data which allows an understanding of technical profile and use
The future is bright. And the financial stories of today can be changed now, to impact the future.