2022
DOI: 10.21834/ebpj.v7isi7.3762
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Circular Supply Chain Management and Circular Economy: A conceptual model

Abstract: This study develops a circular supply chain management model. The review shows how CSCM promotes green supply chain management and sustainability by extending its sustainable dimension beyond the original producer. Closed-loop and open-loop supply chains are CSCM components. Using contingency theory and transaction cost theory, the CSCM model proposes that product circularity in closed-loop and open-loop supply chains affects a company's circular economy performance. This model explains CSCM's popularity in cu… Show more

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Cited by 8 publications
(5 citation statements)
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References 33 publications
(43 reference statements)
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“…Total Quality Environmental Management (TQEM) is an effective strategy to improve the business's environmental performance. Waste and pollution reduction can make it easier to follow environmental laws and sound business practices (Shaharudin et al, 2022). Additionally, implementing TQEM practices will save costs by recycling waste, conserving energy, and preventing environmental problems before they become serious.…”
Section: Discussionmentioning
confidence: 99%
“…Total Quality Environmental Management (TQEM) is an effective strategy to improve the business's environmental performance. Waste and pollution reduction can make it easier to follow environmental laws and sound business practices (Shaharudin et al, 2022). Additionally, implementing TQEM practices will save costs by recycling waste, conserving energy, and preventing environmental problems before they become serious.…”
Section: Discussionmentioning
confidence: 99%
“…The circular economy may be effectively implemented by incorporating CLSCO in both forward and reverse supply chains, facilitated by the recovery process and resale or remarketing of used goods in the market. Each practice helps promote product circularity within the sustainable ecosystem by reducing waste and improving supply chain cost savings (Shaharudin et al, 2022 ).…”
Section: Discussionmentioning
confidence: 99%
“…The research center of Krungthai Bank has evaluated that Thailand's recycling market will grow by an average of 5.7% annually, from a value of 170 billion baht in 2019 to 224 billion baht in 2024, or 1.2% of the country's GDP. Recycling platforms (Wang et al, 2022) will play a significant role in stimulating waste separation at the source, reducing the cost of collecting and transporting the non-systemic waste (Kulsuwan et at., (2018), and accelerating the return of quality recycled waste to the recycling process, so call "Closed-loop Supply Chain" (Shaharudin, et al, 2022). In addition, people involved will use big data to support the sustainability of businesses.…”
Section: Thailand Recycling Marketmentioning
confidence: 99%