If you’re like most companies, you have a 90% chance you could save 10-30% on your annual waste spend.
This may sound high, but it’s the average amount that most companies save after our waste review. Below, you’ll learn what that review is and why you should consider doing your own. (In the next part of this series, we’ll look at when and how you should conduct a review.)
First, take the quiz!
You can know for sure whether you’re overspending in two minutes by taking this quiz. It’s the quickest, fastest way to find out if you’re overspending.
If you have any questions about how you may be overspending, click here for more information. Once you know for sure if you’re overspending, take a look at the sections below.
What is a Basic Waste Review?
A basic waste review is a thorough examination of every waste and recycling stream at every location in your portfolio to determine if there are savings opportunities.
The review itself analyzes your contracts, invoice history, equipment on site, actual service levels, and a waste hauler quality review. This process acts as a diagnosis. It evaluates every pertinent part of your waste and recycling streams in order to find where you’re currently overspending.
Many companies are overspending because:
They have inefficient waste equipment
They have inefficient service levels
They have contracts that do not prohibit ancillary fees, price spikes, and auto-renewal clauses
Doing any one of these things means you will overspend. A basic waste review will help you know for sure if you’re overspending in any one of these areas.
A waste review can take one or several months
These reviews can take anywhere from one month to three months depending on how many locations you have. If you have complex waste streams, it can take more time. While this amount of time can seem daunting, it’s important to ask yourself two questions to help you gain perspective:
Can I afford not to know if I’m overpaying?
How likely is it that I’m overpaying?
If you’ve already done a recent review of your waste streams at your facilities you may not need to review your streams. But if this is something you’ve never done or if you’re constantly having waste issues, a review may be just what you need to protect your bottom line.
Doing a periodic waste review at your facilities ensures you are paying for services you actually need, at rates that are fair. It ensures that you do not continue to overspend, and will make your cost-cutting solutions clear. We recommend that companies revisit their waste and recycling streams yearly since usage trends and vendor availability can significantly change during that time.
Waste reviews are worth the investment because they consistently find savings.
We’ve found that companies in almost every industry can benefit from a waste audit. The following industries typically save 10-30% on their waste spend:
Manufacturing
Multifamily
Hospitality and Restaurants
Assisted Living and Hospitals
Retail
Grocery stores
Again, 90% of companies are sitting on savings - you don’t have to be one of them.
Imagine saving 10-35% on your monthly waste and recycling expenses. Imagine knowing that your current and future rates will always be fair, and that you have recourse when service issues arise. Imagine having the peace of mind knowing that you are not spending a penny more than you should for your waste expenses.
With a waste expense review, you can find the savings you need and the peace of mind you want.