Material flow management

Material flow management (MFM) is an economic focused method of analysis and reformation of goods production and subsequent waste through the lens of material flows, incorporating themes of sustainability and the theory of a circular economy. It is used in social, medical, and urban contexts. However, MFM has grown in the field of industrial ecology, combining both technical and economic approaches to minimize waste that impacts economic prosperity and the environment. It has been heavily utilized by the country of Germany, but it has been applied to the industries of various other countries. The material flow management process utilizes the Sankey diagram, and echoes the circular economy model, while being represented in media environments as a business model which may help lower the costs of production and waste.

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