Title
Profitable remanufacturing processes in small and medium sized companies: A case study
Document Type
Conference Proceeding
Date of Original Version
1-1-2017
Abstract
Challenges like scarce resources and climate change will make it harder to satisfy the global demand for industrial goods in the future. The urgency of shifting from classic industrial production to a more sustainable approach drives companies to consider remanufacturing as a business opportunity and raw material source. This study investigates the profitability of remanufacturing in small and medium sized companies, since large corporations are ahead in this field. This problem is approached through a case study in the warranty returns department of a medium sized industrial equipment manufacturer. Different scenarios were calculated to show the benefits and difficulties of conducting remanufacturing operations. This example shows that utilizing returned products can be beneficial and profitable. Remanufacturing saves costs for raw material and is more environmentally friendly.
Publication Title, e.g., Journal
67th Annual Conference and Expo of the Institute of Industrial Engineers 2017
Citation/Publisher Attribution
Fertmann, Stefan, and Valerie Maier-Speredelozzi. "Profitable remanufacturing processes in small and medium sized companies: A case study." 67th Annual Conference and Expo of the Institute of Industrial Engineers 2017 (2017): 1339-1344. https://digitalcommons.uri.edu/mcise_facpubs/575