Question
InnoMedCo is an innovative European company designing medical devices. It controls/owns two businesses, InnoMedRepairCo (responsible for repairing devices) and RecycleMedCo (responsible for disassembling the items
InnoMedCo is an innovative European company designing medical devices. It controls/owns two businesses, InnoMedRepairCo (responsible for repairing devices) and RecycleMedCo (responsible for disassembling the items into components for recycling). Repairs that are designed and made by InnoMedCo are sold through Retailers.
When consumers decide to dispose of the medical devices in an environmentally sustainable way, they turn to retailers who currently handle recalls and attempt to deal with returns but are not well set up to manage the return of devices at their end of life. InnoMedCo plans to implement extended producer responsibility (EPR) program.
The main objective of RecycleMedCo is to assess returned/discarded devices to determine if they are repairable, what components can be recycled or resold (once the devices are disassembled). RecycleMedCo are InnoMedRepairCo's main supplier of components. Other suppliers are makers of the original components.
Some of criteria for InnoMedRepairCo selecting a particular product to repair are how many products are recalled (failed components are identified), what is the customer demand for a product that require a replacement component, or how many components wear out and need replacing.
1. Describe an extended producer responsible (EPR) approach that MediCo could use to manage its businesses (InnoMedRepairCo and RecycleMedCo). Explain and justify what third-party organisation type(s) InnoMedRepairCo could collaborate with, and how they can help. (Thorough Explanation)
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2. Explain how RecycleMedCo could use artificial intelligence (AI) to automate the identification of reusable components that are suitable for InnoMedRepairCo. And InnoMedRepair. Propose a single AI technology or a bundle of AI technologies for your solution. (Thorough Explanation)
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