100% Locally Owned, Independent and Free

100% Locally Owned, Independent and Free

Business 2 Business column: Waste audit on your business

Sponsored Content

Do you have a news tip? Click here to send to our news team.

Future of recreation centre and prime land revealed

The owner of a recreation centre in the heart of a coastal estate has announced plans for the site. St Andrew’s Anglican College, which purchased More

Art meets tech: program sparks creativity

A program is offering local artists and technologists an opportunity to develop their ideas through workshops and mentorships, with a financial boost. Sunshine Coast Council’s More

Photo of the day: dog on dawn patrol

"Carly is happy to accompany me on dawn turtle patrol at Sunrise and Castaways beaches," says Penny Robertson. If you have a photo of the More

Tourists splash out in summer holiday hotspots

Australians have flocked to their favourite seaside towns during the holiday break and pushed up the average tourism spend in major hotspots by 130 More

Bargain buys: where to find Coast’s top 10 cheapest streets

A new list of the Sunshine Coast’s most affordable streets has been revealed, with a mix of addresses in the region’s oldest and newest More

More over-water flights wanted in bid to reduce aircraft noise

A Sunshine Coast resident has questioned when the same noise reduction directive given for Brisbane Airport operations will be applied to Sunshine Coast Airport. Federal More

Waste elimination is one of the most effective ways to increase profitability in a business.

To eliminate waste, it is therefore important to fully understand exactly what waste is and where it can be found.

We, as a firm, have just gone through the process as a team and individually to identify how we can be more efficient and effective.

Audit: Conducting a waste audit is the starting point. Go through your profit and loss items to start with, line by line, to see where there is room for improvements.

Prioritise: Setting the priority enables the most important issues/ items you have identified to be dealt with first. They can then be monitored for how you are progressing.

KPIs: Establish Key Performance Indicators (KPIs) before you start. Putting a peg in the ground at the start and measuring progress at regular intervals is essential. The cost benefit of the process can then be clearly established.

Repeat: It is good to formally audit the waste at least every six months, as the waste issues will continuously change.

Katrina Brennan, Principal, SRJ Walker Wayland Business Growth Advisors, Accountants and Auditors, Level 2/2 Innovation Parkway, Birtinya, 5301 9957, srjww.com.au

This column is part of our Business 2 Business (B2B) series featuring industry leaders sharing their expertise. For more great articles, SUBSCRIBE to our FREE news feed, direct to your inbox daily. All you need to do is enter your name and email below.

Subscribe to SCN’s free daily news email

Hidden
This field is for validation purposes and should be left unchanged.
[scn_go_back_button] Return Home
Share