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WORLD CLASS MANUFACTURING MANAGEMENT SYSTEM AS A TOOL FOR IMPLEMENTING CIRCULAR ECONOMY ASSUMPTIONS IN THE PRODUCTION AND BUSINESS SECTOR
Abstract
The global economy needs significant changes that will reduce the high consumption of natural resources and the amount of waste generated. The idea of solving the circular economy proposes a path to solve such problems. Thematically, it covers social, political, economic and production issues. However, it should be noted that Circular Economy is not a ready recipe for solving the problems of depleting raw materials and the deteriorating condition of the environment. The basic premise of Circular Economy is a simple idea, namely to use, instead of consume. A seemingly simple formulation brings a significant change in the reasoning of the global economy in general. Already in the name itself, "closed circulation" is mentioned, which does not mean a purely internal economy that is closed to external connections, and on the contrary, this idea should be spread and open to mutual relations. The aim of the article is to present and compare the ideologies of the Circular Economy and World Class Manufacturing as ways of sustainable development in both the social sector and the production and business sector.
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