If You Don't Measure It, You Can't Manage It
Description Solid waste management systems have become complicated, multifaceted systems in which not only trash is buried but organics are composted, recycling is diverted and waste is hauled by trucks. All of these systems have revenues, expenditures and overhead costs, and by looking at the detail of the cost data, you can identify areas that need process efficiency improvements, areas that are not operating at their full potential or discover hidden profit gems. Full cost accounting will drill down to the real costs of managing your solid waste operation, calculate cost of services and products and analyze process improvements to maximize profits. This session will highlight the full cost accounting principles, what needs to be taken into consideration, what is commonly overlooked, what tools are needed to conduct a full cost accounting analysis, how to apply full cost accounting to solid waste operations and more.