Are you ready to kick trash overcharges to the curb? Are you paying attention to your company’s trash costs? Learn how an Eye Glass Retailer/ Manufacturer trusted RadiusPoint to manage their trash services, resulting in over 11% savings and reduced gas usage.
Problem:
A national Eye Glass and Contact Manufacturer and Retailer with 170 retail locations and 3 labs partnered with RadiusPoint to manage their telecom and utility services, as well as their trash services. At the time, there were no standards to order and establish trash services. This was a huge issue, because the size of the containers and the number of pickups varied with each location. Additionally, some of the contracts were more than twenty (20) years old and had been rolled over and increased by the vendor with no checks in place to validate cost effectiveness. Lastly, there was no buying power because there were so many vendors involved.
Solution:
RadiusPoint’s proprietary software, ExpenseLogic contacted the vendor at each location to request a copy of the current contract, and identified the size of the container and the timing of the trash retrieval. It was discovered that the locations could all move to a smaller container with fewer retrievals. RadiusPoint contacted each vendor to identify the following:
- Was the current contract valid?
- Can the location move to a smaller container with fewer retrievals?
- Can the contract be negotiated mid-term to reduce the monthly rates?
- Can the vendor be consolidated to increase buying power?
Results:
RadiusPoint worked with each location and identified savings of 11%. The savings generated were a result of RadiusPoint’s negotiations with current and new vendors, whom they convinced to sign new agreements in place of old evergreen contracts. Additionally, the reduction of the size of container not only reduced the monthly fees, but also reduced the amount of gas used by the vendor to service the locations.
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