As a new fiscal year begins for many businesses, reevaluation is in the air! Questions like how many programs are in place, what is the cost to benefit analysis of each program, how can we maximize efficiency, and you can probably complete the subsequent stream of questions that will flood the conference room on this topic.
The review and analysis of processes can be daunting, especially when markets are constantly changing, but it’s an important part of any business strategy.
Since recycling programs are implemented for the very purpose of reducing waste cost and/or developing a new revenue stream from discarded material, it doesn’t always seem like a necessary reevaluation candidate. However, like any process, recycling programs contain cost reduction factors and new revenue stream opportunities. Here are a few questions to get started:
- Frequency: How often is my recycling service, and is the recycle container full when it’s serviced? If it’s only half full or less, you may be able to reduce cost by scheduling less frequent pickups.
- Material Volume: Is there enough recyclable material generated to transport larger volumes, thus increasing price?
- New material opportunities: Have my company’s manufacturing or packaging processes changed to the point of creating a consistent new waste stream that’s recyclable?
- Reducing Contamination: Am I getting the highest value for my material by limiting possible contaminants?
And don’t forget, Midwest Fiber’s team of professionals is there to help! If you have any questions, or want to schedule a free waste assessment, just respond to this blog or contact your Sales Representative.
Thanks for reading!