If the housing and construction industries were “ground zero” of the Great Recession, the waste management industry was right there with them, enduring the worst consequences as building and production virtually came to a halt and the volume of waste materials fell precipitously.
And like the housing and construction industries, the path to recovery for waste management companies has been slow and painful. Profit margins still haven’t fully recovered, and companies must find ways to ramp up capacity to respond to recovering demand, without further eroding margins.
These challenges are playing out over a competitive landscape that has been undergoing a major shift toward privatization since the early 90s. This means that there’s more business to be won for private companies, and more pressure on public waste management organizations to run lean, innovative operations.
This is why CMMS solutions can be particularly beneficial for waste management companies: they help keep equipment running in top condition to minimize downtime, streamline workflow, and provide management with the hard operational data they need to make smart decisions about equipment life cycles and upgrades.
+ Minimize Downtime. In an environment where margins are thin, it is vitally important to reduce costs associated with sudden equipment/vehicle failures. Continue reading “How CMMS Can Increase Profit Margins in the Waste Management Industry, Pt. 1”