The Remanufacturing Industries Council defines Remanufacturing as:

“Remanufacturing is a comprehensive and rigorous industrial process by which a previously sold, worn, or non-functional product or component is returned to a ‘like-new’ or ‘better-than-new’ condition and warranted in performance level and quality.  Remanufacturing is not the same as ‘recycling’ or ‘repairing’.”

Springfield ReManufacturing Corp. helped define what is considered the industry standard used today.

See for yourself: