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Demand-supply matching through auctioning for the circular economy

Bodin, Ulf; Dhanrajani, Siddhant; Abdalla, Abdelrahman H.; Diani, Marco; Klenk, Felix; Colledani, Marcello; Palm, Emanuel; Schelén, Olov


The circular economy aims to reduce the consumption of resources and energy by exploiting multiple use-cycles of components and materials. The creation of new circular businesses hinges on efficient alignment between market demands of circular products with the supply of End-of-life components and materials. In this paper, we address the digitization of a matchmaking tool for the circular economy by defining demand-supply matching (DSM) in context of business link identification and cross-sectorial matchmaking. We further specify a DSM process and p resent our DSM tool, which facilitates publication and search for supplier offerings and demander needs, selection of auctioning candidates, and digitized auctioning and contract definition. By that, this tool supports the alignment of market demands with matching supply offerings. In particular, it combines the steps of publishing, searching, selecting, auctioning and contract definition into one tool, which we argue can make matchmaking more efficient compared to addressing these steps separately. Finally, we present the design of the tool and discuss its merits in light of the needed acceptance for automating business link identification and contractual interactions.

Verlagsausgabe §
DOI: 10.5445/IR/1000137566
Veröffentlicht am 18.05.2022
DOI: 10.1016/j.promfg.2021.07.013
Zitationen: 2
Zitationen: 2
Cover der Publikation
Zugehörige Institution(en) am KIT Institut für Produktionstechnik (WBK)
Publikationstyp Zeitschriftenaufsatz
Publikationsjahr 2021
Sprache Englisch
Identifikator ISSN: 2351-9789
KITopen-ID: 1000137566
Erschienen in Procedia manufacturing
Verlag Elsevier
Band 54
Seiten 82–87
Bemerkung zur Veröffentlichung 10th CIRP Sponsored Conference on Digital Enterprise Technologies - Digital Technologies as Enablers of Industrial Competitiveness and Sustainability, DET 2020, Budapest, 12. October 2020 – 14. October 2020
Vorab online veröffentlicht am 30.07.2021
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