Decide goal of cycle analysis: In the first step, the goal of assessment is determined so that it can easily understand that why companies carry out evaluation and what their needs are to investigate the product cycle. Every cycle analysis has some boundaries, and companies are expected to set their goals accordingly. They finalize report making and execution of cycle analysis. The quality of data is also determined here, and methods are decided to evaluate the impact.
Inventory assessment: The second step involves the evaluation of inventory that can be consist of different things such as emissions, raw materials, equipment that are needed in the production or further processes of a product or service.
Here the flow of inventory, which can be into or out, is studied and analyzed.
Measure of impact: Then, the impacts of inventory and processes on the environment are calculated based on the flow of energy, emission, and other processes. Companies can identify different types of impact, such as global warming impact, ozone layer depletion, or acidification in the environment. Hence, the resulted impacts are chosen for improvements.
Improvement assessment: In the last step, the analyzed data or identified impacts are used to improve the environmental conditions that the processes have harmed. Different suggestions and recommendations are gained from experienced personnel to make improvements.
Types of Cycle Analysis
Conceptual cycle analysis: This type of analysis involves a diagrammatical vision of data to understand the components which have a relatively high environmental impact. It helps to look more qualitatively at inventory assessment.
Simplified cycle analysis: This analysis simplifies the assessment by using more generic data and standard modules to evaluate the environmental performance of products. It only focuses on the most important aspects of the environment, which are most reliable for results.
Detailed cycle analysis: This type considers the full process of in-depth or detailed data collection that is specific and accurate for evaluating a product and its impact. Different analyses can be done to check the impact that the product has caused on the environment.
Purpose of Cycle Analysis
The main purpose of cycle analysis is to identify the impact of products or services and their processes on the environment to make suitable decisions or use different alternative ways to lower its impact or protect the environment. There are some purposes which are as follows:-
Stakeholders and marketers can understand the changes in the steps to get better outcomes overall. Still, without cycle analysis, it is very difficult to assess the actual environmental impact from processes or production of different goods and services.
Companies can compare the environmental performance by comparing each yearâ€™s performance and making policies accordingly to achieve their targets. Moreover, if they produce greener products or environment-friendly goods, then they can easily avail a competitive advantage in the market.
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