How exactly do you find savings?
This article is part of a series on our savings process. You can read more about our audit process here!
Just last month, we were helping a client with their less-than-ideal valet company. The porters would pick up the trash, but they would leave a trail of garbage. Or, they would do several buildings, but forget others. Or they wouldn’t show up at all. The site managers and residents were getting fed up because they were finding out what everyone already knows: a job half done is a job undone.
Here at WCI, we don’t believe in doing things halfway. Because it’s a sure way to disappoint.
When it comes to audits, we believe you should be able to take advantage of every savings opportunity available to you. A less than complete audit will leave savings on the table - and no one wants that. So our audits are uniquely thorough.
Let’s dive into how our thorough audits find savings.
Our waste, utility, and telecom services are thorough
After we gather all the necessary documents, we complete our exhaustive analysis.
We put all the information into a Master excel sheet. It records all the details about your accounts in one place. Pretty much any waste-related data you can think of is recorded on this sheet.
Some examples:
All locations, location address, and site contacts
Current haulers
Contract account and expiration information
Service levels: how often each location is serviced
Each piece of waste equipment at each site.
We then run the numbers. It’s more exciting than it sounds! We compare your usage rates and any overage charges, we look at your tonnage each month, and then we look at market rates. Comparing rates and fees helps us see if you:
Have the ideal service levels
Have the ideal equipment in place
Have the ideal contract.
Already have a waste contract in place? No problem! We actually rarely suggest changing haulers because we have such success with renegotiating current contracts.
After we analyze, we prepare your report
Based on our analysis, we create a recommendations report tailored to your industry and location. It shows what you could save, and what to implement to access those savings. We call this a Waste Savings Summary, or “WSS” for short.
The WSS lists each location and every kind of equipment that location has. We compare the existing waste disposal arrangements with our recommendations for new ones. And we also take into account all recycling streams. As you can see below, not every category has potential for savings, but those that do can be pretty significant.
At this sample location, we were able to reduce the dumpster rental at one location from $758.64 to $267.60.
This, combined with savings opportunities in other categories, resulted in a savings of 25% or $4002.53.
Discussing the Waste Savings Summary
Once our report is complete, we get in touch with you and set up a time to review it. We’ll send you the report a few minutes before the call, then review it with you by sharing our screens.
It has specific recommendations like “replace the dumpster at your property with a smaller one and decrease service rates,” or “obtain less expensive valet services with recommended vendor.”
These recommendations are the next step for our partnership. We show you how exactly we can secure savings for you, and give you a time frame for completion. We also include an estimate for how quickly these savings will affect your bottom line.
We make savings simple
Once we get your approval to move forward with the recommendations, we move forward. You don’t have to call service providers or renegotiate contracts yourself - we do it for you!
And here is the best part - you don’t pay us until the savings show up. We don’t earn a dime until the cost reductions associated with our implementation show up on your vendor invoices.
Companies in every industry are benefiting from our services - why not join them?
Sign up for a quick, informal consult with our CEO Tyler Brunson. He’ll shoot you straight on how our services could benefit you, your company, and your bottom line.