<p>Circular supply chain management is expected to shift the steel sector from a conventional economic paradigm to a more fruitful circular economy. Furthermore, tracing reusable and recyclable metals across the steel industry’s supply chain necessitates multi-stakeholders’ involvement. Radio frequency identification (RFID) may assist in the governance of the complexity of circular steel supply chain management (CSSCM), strengthening the steel industry’s transparency as well as efficiency. The following research develops a decentralized and service-oriented RFID-enabled blockchain-integrated conceptual framework that incorporates a circular steel supply chain strategy for the B2B steel sector to achieve this goal. Industrial methods, inventory management, and resource utilization are examined in this study. The findings show that RFID-enabled blockchain technology enhanced firm’s capacity to share real-time knowledge with CSSCM stake-holders and aid organizations in the B2B steel sector in understanding the aspects that influence the steel sector’s overall performance. Management must need to understand the value of associated technologies to deliver CSSCM and make choices faster. The implications of adopting RFID-enabled blockchain technology to serve the circular economy are discussed from theoretical, practical, and social perspectives.</p>

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Advancing circular supply chain management in the steel industry: an RFID-enabled blockchain framework for sustainability

  • Sandip Rakshit,
  • Nazrul Islam,
  • Tripti Paul

摘要

Circular supply chain management is expected to shift the steel sector from a conventional economic paradigm to a more fruitful circular economy. Furthermore, tracing reusable and recyclable metals across the steel industry’s supply chain necessitates multi-stakeholders’ involvement. Radio frequency identification (RFID) may assist in the governance of the complexity of circular steel supply chain management (CSSCM), strengthening the steel industry’s transparency as well as efficiency. The following research develops a decentralized and service-oriented RFID-enabled blockchain-integrated conceptual framework that incorporates a circular steel supply chain strategy for the B2B steel sector to achieve this goal. Industrial methods, inventory management, and resource utilization are examined in this study. The findings show that RFID-enabled blockchain technology enhanced firm’s capacity to share real-time knowledge with CSSCM stake-holders and aid organizations in the B2B steel sector in understanding the aspects that influence the steel sector’s overall performance. Management must need to understand the value of associated technologies to deliver CSSCM and make choices faster. The implications of adopting RFID-enabled blockchain technology to serve the circular economy are discussed from theoretical, practical, and social perspectives.