Framework for Innovation-oriented Product End-of-life Strategies Development

Nowadays it is absolutely clear all the enterprises are focused on cost reduction and resources efficiency to stabilize their position in competitive and economically variable market. Environmental policies and local authorities push manufacturing companies to produce in a clean and green way by using well-known philosophies like lean and green manufacturing, kaizen (continuous improvement) and etc. Everything mentioned above can help to overview and improve manufacturers’ internal and external processes. Innovation is one effective approach to develop product life cycle and take control over internal issues concerning profitability of used industrial equipment. This paper is mostly focused on finding best standard or innovative end-of-life (EoL) solution for used industrial equipment life cycle extension by implementing Theory of Inventive Problem-Solving tools (TRIZ).