November 28, 2023
In today's fast-paced business world, efficiency and cost-saving measures are paramount to success. However, one area often overlooked by many organizations is their waste and recycling management. Surprisingly, there's a goldmine of savings potential lying unexplored in this very sector, and Waste and Recycling Auditing Services are the key to unlocking it.
Most customers are unaware of their ability to "shop around" and negotiate their waste and recycling services. This lack of awareness often leads to missed opportunities for substantial cost savings. A recent case involving a Chicago hospital highlights this potential. Initially consulted for energy procurement, our partners expanded their services to include on-site solar, LED lighting, water optimization, and crucially, waste and recycling auditing.
For the Chicago hospital, the introduction of waste and recycling auditing was a game-changer. The auditors renegotiated the hospital's trash and recycling agreement, leading to savings of over $100,000/year. The success in this domain prompted the hospital to inquire, "What else can you help us with?" Consequently, our partner facilitated the renegotiation of the hospital's Uniform and Linen agreements, saving an impressive $400,000/year, and is currently revising the hospital's managed print contracts for additional savings.
What makes this service particularly attractive is the shared savings arrangement. Under this model, the auditor performs the work with no capital expense required from the customer. The savings are then split 50/50 over an agreed period, typically three years. This approach ensures that both parties are invested in finding and implementing cost-effective solutions.
The benefits of waste and recycling audit services aren't confined to the medical and healthcare industry. Significant savings can be found across various sectors, including:
Effective waste and recycling audit services can lead to average savings of 30-40% in waste and recycling costs. Moreover, auditors find savings with over 90% of the customers they work with, underscoring the widespread applicability and effectiveness of these services.
The case of the Chicago hospital is a testament to the hidden potential in waste and recycling management. By embracing waste and recycling auditing services, organizations can unlock significant savings, improve efficiency, and contribute positively to environmental sustainability. It's a win-win situation for businesses looking to optimize their operations while maintaining a commitment to eco-friendly practices. Therefore, it's high time that more businesses explore this avenue and reap the benefits that come with it.
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