Once you’ve established a budget, you’ll probably want to spend your funds wisely. First, refer to your waste management plan and consider ways you can drastically reduce waste. For example, if a piece of outdated machinery costs your company thousands of dollars a year in wasted material, it would be worth budgeting for a new piece of efficient equipment.
How can you be sure you’re making the most of your budget? In this last chapter, we’ll show you how to use your waste disposal funds to benefit your company, your customers and the environment. To learn more about disposal solutions that will help you save, check out our services at ERC.
As a business, you likely want to grow. This means not wasting your company’s money and, instead, increasing revenue. The following tips will help you make budget-related decisions with your company’s best interest in mind.
Facilities that generate a lot of waste need the help of a waste management company.
A reputable waste management company will dispose of your waste properly, promptly and compliantly. However, not all waste management companies are the same. It’s important to choose a company you feel comfortable partnering with and building a relationship. Their technicians should listen to your needs and take your waste and recyclables off your hands — and your mind.
Make sure to research waste management companies and compare costs and services to find the right fit. Don’t be afraid to shop around for a new service provider if it will save you money and benefit your business. Here are things to look for in a waste management company:
Lastly, look to hire experts who will perform a waste assessment, so you know where to allocate funds. ERC does a free on-site audit to get you on the path to responsible waste management.
Do you have pieces of equipment that have seen better days? If your facility operates equipment that sometimes causes product defects, it may be time to invest in new machinery. Removing defective products is a waste of time, energy and materials. Sometimes it’s necessary to repair or replace equipment if it’ll prevent defects and expensive waste.
But that’s not all. Inefficient equipment does not make the most of raw materials.
A company could potentially save thousands of dollars a year using highly efficient equipment that produces less waste.
If you decide it’s worth upgrading your facility with new equipment, keep the following tips in mind:
To ensure your waste management program takes off, you need to promote it and educate your staff. The time and effort it takes to train employees costs money, but it’s a necessary step if you want to improve waste management.
On average, companies spend about $1,200 to train a new employee over a year. However, your employees can help your company save thousands if they know how to reduce waste, so it’s worth setting aside a few hours to teach them about waste management. Here are a few tips to encourage employee involvement:
Lastly, you’ll want to review your budget once in a while. Even though your budget is not an exact science, it’s still there to keep you on track with your spending. You might realize you need to make some adjustments to reach your goals. It’s ideal to check your budget monthly and make changes where needed.
As you look over your budget, make sure you have room for unknown expenses. Also, don’t plan to cut costs to reduce quality. Remember, an improved waste management system will help your company save its resources, so it’s worth investing in. Better waste management also has the potential to attract new customers because it’ll boost your company’s reputation. For example, according to Harvard Business Review, products that were marketed as sustainable grew over five times faster than those that weren’t in 2018.
Waste management comes with substantial benefits for your company. By taking control of the way your company handles waste, you increase your opportunities to save money, boost efficiency, conserve resources and improve your facility’s sustainability. An effective waste management plan rewards you in the long run. It also appeals to your customers. Today’s consumers want to support businesses that care about the environment and strive to reduce waste and greenhouse gas emissions. Your customers will feel good about doing business with you if your company cares about waste reduction.
You can make waste management part of your company’s vision even if you’ve never thought about it before. With careful planning and help from the pros, you can streamline your waste disposal process and journey into a greener, and more money-saving, future.
Feeling overwhelmed? We’re here to make it simple. At ERC, we are waste disposal and recycling experts. We are dedicated to meeting the compliance and sustainability needs of our clients, whether they work in paint manufacturing, construction, pharmaceuticals or a range of other industries. We collect, transport and process waste, sludge, oil, wastewater and more. We also offer recycling services to help your company reduce its carbon footprint.
First, we’ll assess your needs and ask questions to determine how we can serve you best. We’ll then work closely with you to develop a custom strategy to help you reach your goals. To learn more about our services and how we can help your company improve its waste management plan, contact us today!