Recycler Announces Strategic Partnership with Software Company to Boost Profits

SEATTLE (Waste 360): North American recycler Avangard Innovative helped its Fortune 500 clients increase their recycling profits last year thanks to analytics software from TIBCO Software Inc., a Palo Alto, Calif.-based software company.

“Our proprietary software is called Sustayn Analytics, and we can unequivocally say it is the most powerful data visualization platform in the recycling and waste industry,” says Shafiq Jadallah, chief of analytics and supply chain at Avangard Innovative. “By monitoring all aspects of our client’s workflow, we provide near real-time visualization and tracking of every piece of recyclable and waste material, turning their program into a transparent, productive and predictable profit generator.”

For 30 years, Avangard has been in the recycling and waste management industries, becoming the largest recycling company with presence in 13 countries. Its mission is to maximize what its clients put into the circular economy, minimize the cost to manage waste and generate incremental revenue from recyclables.

Using real data from some of its clients, Avangard was able to improve in three months the proprietary Capture Percentage Rate economic model to 79 percent, up from 75 percent; increase the average bale weights by 50 percent, averaging more than 900 pounds per bale; reduce the freight hauls by 20 percent and reduce labor touches by the same 20 percent; and lower the monthly waste expense by 44 percent, saving the big box retailer client more than $100,000 annually in waste services. 

“We plugged the aggregated data into our [CPR] and identified that the company’s waste and recycling profile was below industry standard in terms of their capturing of recyclable materials into the waste stream, inefficient in terms of getting more freight density and wasteful … on the structure of their waste services contract,” says Jadallah. “Using our visual monitors, we were also able to physically show the client some of their employees literally throwing away valuable assets by putting cardboard, foam and plastic film into their trash compactor. Through weekly calls and our Sustayn dashboard, we worked with the client to educate and train their employees on what not to put in the compactor, when to eject bales (at the optimum weight) and renegotiate their waste services contract.”

Courtesy: https://waste360.com