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Business Savings: 3 Easy Ways To Reduce Waste And Save Money

May 31, 2017
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Business Savings: 3 Easy Ways To Reduce Waste And Save Money

One of the most important a business can do is save money whenever possible. In addition, finding better ways to eliminate office waste is an added bonus. There are times when a business might want to eliminate waste while saving money. However, finding methods to actually accomplish their waste reducing goals might prove difficult to figure out. In this post, you will learn about three easy ways to reduce waste and save money for your business.

Eliminate Extraneous Packaging

It could be time to audit the packaging that your business uses for their products. One small packaging concern can become massive if your business produces massive quantities. It is important to ensure that every piece of packaging that is used by your business is essential to the product. Sometimes, changing the packaging you use can end up saving a lot of money. Pepsi saved nearly $375 since 2010 with their waste reduction initiatives.

Using Water Coolers in Favor of Bottles

Businesses will sometimes want to provide bottled water to their employees. It is great to have free beverages at work. However, bottled water for employees can be big sources of waste and lost money. Instead, you can implement the use of a water cooler system within your office. Having employees bring their own cups to work is a helpful solution in reducing the waste caused by many empty plastic bottles. Not having water bottles fill up trash bins also ensures that you are producing less waste. In addition, it is very likely you will see savings in the payment for trash collection services by removing all of those plastic bottles.

Reduce Paper when Possible

Paper is essential for certain business functions. However, more businesses are finding the need to go paperless for most of their documents. Space savings of using digital storage means more room for other aspects of your business. In addition, technology has provided extremely safe storage solutions, ensuring a document is always safe and protected. Paper can also become extremely costly for a business over time. A recent article posted by Inc stated that, in companies with 400 employees, it could mean “more than $32,000 per year” in wasted money.

Using Specialized Software

It can be easy to implement waste reduction measures. However, it is vital to ensure that these measures are being tracked accurately. There is software available that can track, analyze, and report information relating to the assets and inventory of your business. One benefit of tracking software for a business is how much work it can automatically take care of for you. This software can also eliminate the need to hire additional personnel. Having inventory automated and connected with waste reduction is a big step in savings for your company. It’s not all just broad use software that is available, either. There are companies producing anything from door manufacturing software to food temperature monitoring systems. There may be a specialty software that fits your business perfectly.

There are many ways a business can reduce waste and save money. Reducing frivolous packaging is a way to save your company money. Businesses that packages a large volume of products can find a simple packaging change leads to big savings. Ditching water bottles for a larger and more efficient tank system is a great idea. You can also have employees bring their own drink containers for a bit of extra savings. Many aspects of a modern business can be done without the use of paper. You probably won’t want to completely remove paper from your business. However, using digital store can be a big saver of waste, money, and space. Using software to manage all of these inventory concerns is the easiest way to maintain savings for the future.

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