A recent study by non-profit organisation APICS Foundation has shown that remanufacturing drives sustainability and growth in supply chains. Remanufacturing is the process of restoring used or worn products (like printer ink and toner cartridges) to a like-new condition.
Remanufacturing has established a place in Business to Consumer (B2C) and Business to Business (B2B) supply chain models as more and more people and markets come to accept and trust the “as good as new” concept.
In the study, titled Examining Remanufacturing in Supply Chain and Operations Management, three key findings were highlighted. Many respondents felt that remanufacturing was a core component of their environmental and sustainability initiatives, that it increased customer satisfaction and reduced the costs associated with manufacturing new products and that it allows supply chain management professionals to identify innovation.
According to Sharon Rice, APICS Foundation’s executive director, more and more supply chain professionals are looking for more information about this quickly evolving area. More than 50% of the respondents stated that they expect to see more growth in the demand for remanufactured goods.
Remanufacturing has long been a driving force in the printer cartridge market. As it begins to find more applications in more markets, consumers can expect to see higher quality and more reliable remanufactured goods becoming available.