Circular Economy

Rheaply’s award-winning enterprise asset management platform helps world-leading organizations better visualize, quantify, and utilize their physical assets and resources.

Circular Economy

Rheaply’s award-winning enterprise asset management platform helps world-leading organizations better visualize, quantify, and utilize their physical assets and resources.

Resource management technology for a circular future

Rheaply combines resource exchange, asset management, disposition & sustainability metrics to power circular organizations and systems.

By 2030 the circular economy is estimated to be worth $4.5 trillion in economic output. Can technology speed our journey toward a circular future?

Circular Economy Diagram

What is the circular economy?

The concept of the circular economy isn’t new, just dormant. It gained momentum in the late 1970s led by a small number of academic thought leaders who were aiming to move away from the “take, make and dispose” linear industrial model. In the traditional linear economic model, when a resource serves its purpose, it’s thrown out or warehoused where it slowly depreciates in value.

In the circular economy, materials are given a new purpose, thrusted back into a useful cycle. The circular economy builds new economic capital through regeneration, giving businesses a competitive advantage. In a circular economy, waste doesn’t exist.

What is the circular economy?

The concept of the circular economy isn’t new, just dormant. It gained momentum in the late 1970s led by a small number of academic thought leaders who were aiming to move away from the “take, make and dispose” linear industrial model. In the traditional linear economic model, when a material serves its purpose, it’s thrown out or warehoused where it slowly depreciates in value.

In the circular economy, materials are given a new purpose, thrusted back into a useful cycle. The circular economy builds new economic capital through regeneration, giving businesses a competitive advantage. In a circular economy, waste doesn’t exist.

Circular Economy Diagram

Circular Resource Management

Standardization of asset data across business units

Rheaply democratizes reuse across large organizations and networks, connecting people with resource needs to available resources in network.

Valuable products and materials remain in use

Make sure the right parties and business units receive notifications in real-time, based on their research interests and resource needs.

Track cost savings and waste diversion

Locate,  track and managing material flows, boosting transparency and traceability in the supply chain.

How do you adopt a circular workflow for resources?

A circular economy model requires a systems thinking approach that can only occur by marrying your design, manufacturing and workflow processes. Environmentally responsible organizations that adopt this circular economy framework can unlock new revenue streams.

But in order to do this, everyone in the supply chain must play a significant role in:

  • Understanding the current technologies that exist in the organization
  • Knowing if there’s a market for your unused assets
  • Purposely designing waste out of products in the earliest stages of the product lifestyle

 

Accelerating the Circular Economy

Rheaply’s digital reuse marketplace aims to scale and diversify deconstruction workflows. Download Accelerating the Circular Economy Through Commercial Deconstruction and Reuse, published by Google and the Ellen MacArthur Foundation, which features Rheaply’s technology on page 23.

Rheaply’s Asset Exchange Manager brings the shared economy to resource procurement

Rheaply’s Asset Exchange Manager (AxM) enables organizations to move closer to the circular economy. Our technology has captured the interest of higher education, government, R&D and built environment organizations that support the shift toward sustainable practices and possess a large inventory of surplus assets with untapped value.

Organizations use Rheaply’s platform to facilitate intramural exchange of valuable assets and to improve departmental transparency surrounding the salvage value of an existing asset. This enables organizations to take timely & appropriate action for end-of-life/aftermarket supply chains. Rheaply makes it easier to discover, locate, and transfer assets to appropriate stakeholders in the supply chain.

Second, smaller organizations on Rheaply benefit from the local material loops created from this effort. As we scale our solution, our roster of nonprofits, charities & K-12 public schools directly benefit from t sharing from this secondary marketplace.

Find out how Rheaply Asset Exchange is bringing the shared economy to research, one research organization at a time.