Episode 4 - Closed Loop Supply Chains

In this week's episode, Steve Tracey welcomes Dan Guide,, Smeal Chaired Professor of Operations and Supply Chain Management.  Dan shares on overview of closed loop supply chains, contrasting them with traditional forward supply chains and sharing exemplars of companies who have achieved both economic and environmental sustainability, some of whom pioneered techniques they've practiced for decades.  Dan and Steve discuss the three R's in the context of procurement and discuss how servicization, when integrated with a firm's business model, can drive both profits and environmental gains.  Our guest wraps up with some tips for how procurement professionals can integrate sustainability into their business processes.