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<p>Resource depletion, enormous waste generation, pollution and emissions have jeopardized ecosystem. The prevailing circumstances promote the translation of conventional linear model of take-use-disposal into closed loop systems by integration of circular strategies like reuse, recycle, redesign, remanufacturing, recover, reduce, digitalization and management policies. This research paper identifies and prioritizes the circular economy initiatives in spool fabrication industries. Initially, circular economic practices were identified through a systematic literature review and validated by expert’s opinion. The identified practices are analyzed by the IMF-SWARA approach combined with TFBM for prioritization. The prioritized circular economic practices are governmental and community support, organizational strategies, digitalization and open collaboration in the spool fabrication industries. Implementation of these strategies will facilitate the accomplishment of circular development and consequently operational excellence in the spool fabrication industries. Hence this study provides a clear insight into the various circular economy initiatives in the spool fabrication industries by upholding governmental policies, relevant strategies, open collaboration and 6R practices.</p>

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Leveraging Circular Economy Practices in Spool Fabrication Industry: An Integrated IMF-SWARA and TFBM Approach

  • 期刊论文

  • 发表日期：

    2026年6月1日

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  • Kiran Sankar M. S.,
  • Sumit Gupta,
  • Sunil Luthra

摘要

Resource depletion, enormous waste generation, pollution and emissions have jeopardized ecosystem. The prevailing circumstances promote the translation of conventional linear model of take-use-disposal into closed loop systems by integration of circular strategies like reuse, recycle, redesign, remanufacturing, recover, reduce, digitalization and management policies. This research paper identifies and prioritizes the circular economy initiatives in spool fabrication industries. Initially, circular economic practices were identified through a systematic literature review and validated by expert’s opinion. The identified practices are analyzed by the IMF-SWARA approach combined with TFBM for prioritization. The prioritized circular economic practices are governmental and community support, organizational strategies, digitalization and open collaboration in the spool fabrication industries. Implementation of these strategies will facilitate the accomplishment of circular development and consequently operational excellence in the spool fabrication industries. Hence this study provides a clear insight into the various circular economy initiatives in the spool fabrication industries by upholding governmental policies, relevant strategies, open collaboration and 6R practices.