A guide to leveraging waste analysis
The MFCA takes into consideration the obvious costs associated with waste management (e.g., rental of waste containers, disposal fees, gasoline surcharge, etc.) as well as hidden costs (e.g., purchase of materials, energy expenses, labour costs, capital costs, depreciation of certain equipment, etc.).
Once this analysis is completed, managers can better appreciate the economic impacts associated with waste and consider improvement measures such as input substitution, process modification, internal recycling or by-product sales.
In concrete terms, the MFCA is a tool that allows for the identification of opportunities to increase profits while decreasing the environmental footprint of organizations. More specifically, it aims to:
- Know the real cost of waste during the production of a good
- Identify materials that would save money
- Improve productivity and profitability.
Click here to download the complete guide and tools.
