Circular economy, industry 4.0 and inventory management with SAP Business One
The linear economic model in which products are manufactured and transformed into waste has come to an end to give way to the circular economy, which seeks to apply the 4Rs: reduce, recycle, reuse and recover: reduce unnecessary resources; recycle materials that still serve so as not to dispose of them; reuse or reuse such materials; recover or rescue products that still serve as raw materials. But, how can a program manager Canada apply all this to obtain benefits for companies?
The circular economy has been promoted by specialists in SAP Canada, hand in hand with Big Data and digitization, where recycling and optimization of resources are sought within inventory management to enhance management. This model of resource use is based on minimizing the materials used in production so that only the essential ones are used, reducing the waste of elements that, due to their characteristics, end up being discarded and polluting the environment.
More and more companies and consumers are opting for biodegradable materials in consumer goods to be more ecofriendly, as well as reusing waste as raw material to give it a second useful use, which helps reduce manufacturing resources for new products.
Companies that incorporate the circular economy gain advantages; First of all, many consumers prefer to consume environmentally friendly products as they are more aware of the damage that excess waste generated is causing to nature. Second, the recycling and reuse of raw materials reduces costs in infrastructure, production, and helps streamline manufacturing by not having to start the process from scratch.
The good news for companies is that a program manager Canada can help them use the best management software to implement the circular economy in the following ways:
• Warehouse management. Product information allows manufacturers to control and analyze data such as: expiration date, market demand, available stock, waste management, among others that can be used to determine materials that have reached the end of their useful life but that they can be reused as raw material to make other products.
• Automation. By automating processes, waste is reduced, increasing throughput in the warehouse, so materials with expiration dates closest to expiring are used first.
• Optimization of packaging. One of the processes where more waste is generated is in packaging, where effective management is needed to reduce waste and use more environmentally friendly packaging.
How does the circular economy benefit Canada?
Canada is one of the countries with the greatest awareness about recycling and the serious problems that human activity has left in the environment, especially in terms of excessive use of fuel, inadequate management of toxic waste (such as batteries), among others . However, there is still a long way to go to become an ecofriendly country, with companies more responsible in the use of raw materials.
By having an expert recycling program manager Canada, companies not only reduce CO2 emissions, they also become more competitive and promote the country’s sustainable economic growth.
If your business does not yet have a software for optimizing waste management, we invite you to learn about SAP Business One, a very powerful tool that has been designed to improve business processes, help industries comply with the guidelines in environment and natural resources, among other benefits that will lead your business to success, especially if you opt for the SAP Canada experts at Emerson Rush.
Centrally, comprehensively and transparently manage the most important departments of your business: accounting, Human Resources, sales, transportation logistics, inventory management, among others that will provide you with the information you need to make high-impact decisions for your business.
Would you like to know more about the benefits of SAP Canada for your organization? Don’t wait any longer and get in touch with us today, at Emerson Rush we will gladly assist you and explain everything that this innovative software can do for your business.