Tracking waste amount in terms of cost is important because:

• Cost efficiency

  Waste management can be a significant expense for property owners, especially for large property portfolios. Monitoring these costs can help identify opportunities to reduce them, such as optimizing recycling or reducing waste generation.

• Environmental sustainability and profitability

  Reducing waste-related costs often aligns with lowering environmental impact, as less waste means lower handling and transport costs. It also creates incentives to implement sustainability initiatives, such as better sorting and recycling practices.

• Regulatory compliance

  Some costs are tied to regulations and requirements for waste management, and tracking costs ensures that property owners are compliant with legal mandates and avoid penalties or fines.

• Budgeting and forecasting

  Having a clear picture of waste management costs helps property owners budget accurately and make long-term forecasts. By keeping a close eye on these expenses, deviations can be identified and addressed swiftly.