Lecture 8- Lean and sustainability

Question 1

Explain Circular economy (CE)

Answer 1

Think of it as environmetal friendly

An economic system designed to eliminate waste, circulate resources and regenerate nature. It replaces the traditional linear model

Question 2

Five pillars in Circular economy

Answer 2

• Design out waste
• Build resiliance thorug diversification
• Shift to renewable energy
• Think in systems
• Think cascading

Question 3

What does the word “cascading” mean

Answer 3

Refers to using a product or resource in multiple stages or functions before it is discarded/trashed.

Question 4

Meaning of “Value Uncaptured”?

Answer 4

Potential value that a company fails to realize, exploit or deliver within its business model. It highlights waste, inefficiencies and missed opportunities.

Question 5

What kinds of “Value uncaptured” exist?

Answer 5

• Value missed- Value that exist but is not captured
• Value absence- Value that is needed but missing
• Value destroyed- Value that has negative outcomes (harmful to planet, people or profits)
• Value surplus- Value that is created but not needed

Question 6

Explain “Industrial Ecology”

Answer 6

Views industry like natural ecosystem, where waste from one process becomes input for another.

Question 7

Explain “Measuring impact”

Answer 7

Refers to the environmental footprint of a company’s operations, products or supply chain. It’s about tracking emission, resource use and waste.

Question 8

Implementation of “Circular economy” by Ellen MacArthur breaks it into enablers and outcomes.
Mention some of them

Answer 8

Enablers
- Strategy and planning
- Innovation
- People and skills
- Operations
- External engagement

Outcomes
- Products and materials
- Services
- Assets
- Water
- Energy
- Finance