Reducing waste is something that makes sense on many levels. Whether it be a personal household or a large corporation, it’s good for the environment – and more immediate and tangible for most – it’s great for saving money and effective enterprise expense management in the corporate arena.
Executives have always been motivated by profit, but now they are beginning to be motivated more by ethical considerations as well as they ask themselves the central question related to waste: How do we keep waste to a minimum and handle existing waste most responsibly to save money?
Less material waste translates directly to reduced waste of money and the multiple benefits of recycling as detailed by the Environmental Protection Agency (EPA) help save money and preserve the environment.
The financial incentive is what captures the imagination of most management teams and why this topic has gained more traction in recent years, according to Harvard Business Review (HBR). The idea of prudent and responsible handling of physical waste is no longer seen as incompatible with financial gains within corporate culture.
In fact, it’s now common knowledge that the greater the reduction of waste (e.g., less use of plastic eating utensils), and the better handling of existing waste (e.g., recycling of cell phones), the less negative impact on corporate financial margins.
So, the old thinking of viewing standard corporate practices at odds with ethical community standards no longer holds the same sway that it once did. Given advances in technology and societal awareness, these two aims are now aligned; they are no longer seen as mutually exclusive.
This is genuine progress, even if painstakingly gained by decades of slow slogging through all the cultural, political, and corporate hurdles that impeded progress to this point. Now, the conversation is not about whether to even bother with trying to reduce waste or handle it responsibly, but rather centered, again, around the key question: How do we keep waste to a minimum and handle existing waste most responsibly to save money?
Let’s consider, in more detail, other areas beyond traditional Telecom Expense Management that impact organizational bottom-lines. The following areas are directly related to waste reduction and responsible waste management:
1. Simple Ways to Reduce Waste
Please see below for a bulleted summarization of some basic changes in work practices that can be implemented to reduce waste.
Packaging and Shipping:
Landscaping and Organic Wastes:
Food and Personal Services:
2. Keys to a Successful Waste Reduction and Recycling Program
The key steps of an effective waste reduction program include:
(1) Planning, (2) setting the foundation, and (3) execution.
Listed below are specifics associated to each step.
3. Buying Recycled Products
Collecting recyclable items is only the first step in recycling. The loop is not complete until these items are made into new products and purchased.
By purchasing products that are (1) manufactured from recycled materials, (2) recyclable, and (3) packaged in recyclable materials, you will help create a stable market for recycled items. Look for the following items made from recycled materials the next time your company purchases supplies:
Purchasing used, refurbished items instead of new ones helps, too. Look for:
Strong waste management practices are not only good for the environment, but they are great for overall enterprise expense management and the company bottom-line.
However, corporate enterprises also need to think about all aspects of managing their expenses in the aggregate, not just waste management expenses. This can also entail traditional Telecom Expense Management (TEM) services related to network communications. In fact, Tellennium’s expense management platform – Management of Things® – encompasses all pertinent enterprise expenses including utility expenses and all daily routine expenses that add up and narrow corporate margins. When considering ways to curtail waste management costs, you may find it worth considering how you can effectively rein in other organizational expense lines.
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