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Closed‐Loop Supply Chains: An Introduction to the Feature Issue (Part 1)
Author(s) -
Guide V. Daniel R.,
Wassenhove Luk N.
Publication year - 2006
Publication title -
production and operations management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.279
H-Index - 110
eISSN - 1937-5956
pISSN - 1059-1478
DOI - 10.1111/j.1937-5956.2006.tb00249.x
Subject(s) - supply chain , product (mathematics) , feature (linguistics) , closed loop , sustainability , business , production (economics) , perspective (graphical) , computer science , value (mathematics) , supply chain management , process management , loop (graph theory) , industrial organization , operations management , marketing , knowledge management , microeconomics , economics , artificial intelligence , ecology , linguistics , philosophy , geometry , mathematics , control engineering , machine learning , combinatorics , engineering , biology
Closed‐loop supply chains (CLSC) have product returns at the center of attention. Our view is that CLSC are best managed from a business perspective where organizations seek to maximize value recovery. The research in the feature issue, and our experiences, shows that there are still numerous, unresolved, managerially relevant issues that deserve further investigation. We also observe that there is a pressing need to validate the assumptions in our models using interdisciplinary, industry‐driven research. The time is right for production and operations management to play a central role in the sustainability movement slowly taking hold in practice.