Do you think that going green will end up costing you money? Well, this is far from the reality. In fact, by managing the waste produced by your organization, you can save money and minimize the impact of the waste on the environment at the same time. According to a survey, waste disposal on average can cost up to 4% of an organization’s turnover. With efficient waste management, you can save this money and reduce as well as recycle the waste produced by your organization regularly. Hiring a dedicated waste management consultant is one of the best ways of benchmarking a business.
How does Waste Management Benefit your Business?
There are two primary reasons for employing a waste management system. First, it can help you save money. Second, it can help you make the environment better. Listed below are certain advantages you can enjoy by reducing waste produced by your organization:
A. Reduces original cost of materials
B. Reduces handling, delivery, and processing costs of materials
C. Reduces staff time buying, handling, and processing materials
How to Manage your Waste
These days, waste management has become an integral part of business benchmarking. Proper handling of waste management will enable you to reduce the cost of your business and increase the profits. If you want to manage your business waste more sustainably, you should consider the waste hierarchy. What is this waste hierarchy? Let’s have a quick look at it:
Waste hierarchy is a series of priorities set out for the maximum use of resources. This approach highlights the objectives of waste avoidance. This avoidance may include action to decrease the amount of waste generated by your establishment. This hierarchy contains five steps. These are:
1. Elimination– This step helps to avoid the production of business waste
2. Reduction– The second step assures minimal production of waste
3. Reusing– The third step encourages to reuse the already used items again and again
4. Recycling– The fourth step makes you recycle those recycled wastes that you have already reused
5. Disposal– In this last step, you need to dispose of the left waste
The hierarchy contains a step called “recycling.” This is vital for waste management for a number of reasons, such as:
• Recycling helps you comply with the law regarding commercial waste management
• It provides you with a competitive advantage- you can improve your organization’s reputation and meet your customers’ demand for a healthy environment
• Preserves your business’s sustainability for a long time
• Minimizes the waste disposal cost
Donation- the Best Way of Waste Management
A professional waste management consultant will always recommend you a donation of your business waste. If you want to recycle your waste, you can donate them to an organization that deals with waste management. This kind of organizations collects waste from different companies and industries and scientifically recycles them. Based on the nature and properties of the waste, they decide what to do with the material. Whatever be the process, they try to make it safe for the environment. The best thing is you will be able to save the money you need to spend on sending your waste to the landfills.
Now, let’s have a quick glimpse of some tips on business waste management provided by the Department of Industry, Innovation, and Science Australia-
I. First, know what your waste is- you can try to figure out the type and quantities of your waste. You need to monitor your garbage bin. It will help you find out the discarded materials. You should measure and note down each of the discarded elements.
II. Now, you should separate different types of waste. You need to know what items you should recycle and which items you should reuse.
III. Hire a waste management organization to plan and implement an effective waste management program.
IV. Review your manufacturing process and products to find out whether the disposal cost of the wastes outweigh the production cost or not. You should find out whether your business could make user fewer materials in packaging or reusing the waste materials.
V. It would be better to buy green goods. You should talk to your suppliers about green products. Green products can be easily disposed of. It would not take much effort or time. At the same time, these green materials are good for the environment.
This is all you need to know about waste management to reduce your organization’s expenses! Consider each of these aspects and plan a waste management strategy for your business!
About the Company
Benchmark Cost Solution is a trusted name in the Australian benchmark industry. They have been in this business for years. Therefore, they know how to benchmark a business in the best possible way. They offer a number of business benchmarking services including electric tariffs, forklift management, freight management, labor management, logistics management, packaging, solar energy cost reduction, waste management, etc. They have a dedicated team of benchmarking consultants and waste management consultants who can help you gain maximum profit and minimal expense. They assure standard services at affordable price.