Implementation of circular economy and lean approaches for a more competitive and sustainable industry

Abstract

The circular economy concept has been considered one of the most innovative and essential approaches for more sustainable economic and industrial growth in the 21st century. Regardless of their size, organizations are frequently structurally designed to be efficient and optimized at all levels or defined as being LEAN. LEAN is a widely acclaimed approach for identifying and eliminating unnecessary and wasteful activities in the production process with simultaneously increasing the value of products. Observing the efficiency and advantages of circular economy and LEAN approaches, this article aims to show how their application can support the establishment of a more competitive, sustainable and green industry.