The importance of measuring and monitoring the waste that you generate from your facilities cannot be underplayed. Monitoring and measuring your waste line can benefit your organization in more ways than one.
- Reducing your Cost: Simply by monitoring the waste that you generate you can start implementing a process of recovering products that can be re-used again, repaired and then sold in market for a higher price, cut down on consumption of certain items that are most prominently present in the waste. For example, if you have watercoolers around your office and employees are using disposable plastic glasses, you can very easily put an end to it by implementing a policy of carrying your own water bottles (Steel) or provide reusable good quality steel glasses.
- Know Your Wastage in revenue Terms: by measuring your waste, you get concrete idea about what percentage of wastage you are generating in comparison to your production and purchase. Measurement, needs to be precise and based on types of waste that you are generating. For example, in the hospitality industry, measuring food waste can seriously help in reducing costs. May be your food portions are too large, or maybe you are over ordering a certain type of food. In manufacturing maybe you are wasting too much, and measuring your waste will help you improve and correct process where waste is being generated in excess.
- Reduce & Eliminate Theft: Expensive high value products can very easily be mixed with food waste or scrap and transported out of your facility. By monitoring your waste and implementing certain practices, such as disposing wet and recyclables in clear see through bags you can reduce or eliminate the possibility of this occurring.
- Implement a sound sustainability policy: Measuring & monitoring your waste provides you with data, which can then be used for various reporting initiatives such as sustainability reporting and meeting ESG & SDG goals.