If not managed properly, waste can cost your business a lot of money. Not only will you be spending more money on raw materials, but you will also incur extra costs for waste disposal. You can negate some of these expenses by selling recyclable waste. For instance, you could sell metals to scrap metal merchants or send paper and plastic to recycling plants.
To make waste management less expensive in your company in the long run, you need to come up with a plan that suits your business. A good plan will improve your operational process and in turn, improve efficiency throughout the production process.
Know the Types of Waste
Find out what types of waste your business emits, the amount of each waste type, and the costs incurred from the waste. Sort them according to their disposal method to enable you to determine which can be sold and what will require extra disposal funds.
Determine Your Waste Management Goals
How much waste reduction can your business effect on a monthly basis? Determine ways of minimising waste and using your raw materials more efficiently. Communicate with your employees about what you plan to do and incentivise the process. Interlink the waste management plan with the operational efficiency improvement plan, as these go hand in hand.
Follow a Protocol
Put in place measures for waste handling, training employees on proper waste management, use of raw materials and waste disposal procedures. Come up with a company charter to track the waste disposal and recycling so that you can determine what steps are working and fix the ones that are not.
Hire a consultant to help you review your business operations and recommend optimal strategies for proper waste management. This will save you a lot of time and money in the end.