How to get the most from your business’ assets
EVEN in the best of times, keeping track of your company assets is a vitally important part of running a successful business. And when times are tough and belts get tightened, that goes double.
For skip hire firms, that means making sure your skips are in good condition and, of course, don’t go walkabout.
Technology solution providers PIN IoT claim to have uncovered a shocking amount of inefficiency. According to their research, every year, the waste industry spends over £100 million purchasing new Roro’s and skips – none of which are needed to service existing demand!
“Waste operators don’t always know how many containers they have or exactly where they are,” explains Paul Byrne, CEO of PIN IoT. “Our customer data shows that many companies have large numbers of containers out on site with customers that the operator has lost visibility of.
“Over time, data input errors mean that the operating systems that the waste industry relies on get out of sync. We have seen up to 40% inaccuracy. Whilst this is a problem because container fleets are expensive to purchase and maintain – there are around one million RoRo’s and skips in the UK that would cost around £2 billion to replace – there is a bigger issue at stake. Each container represents a revenue stream that the operator obviously needs to be in control of.
“This leads to another big challenge – slow movers. A RoRo or skip service typically only generates a commercial return when containers are collected at least once per month. Because operators typically wait for customers to phone in when they need a collection, hundreds of thousands stay on site between collections for much longer than this, often for over a year.
“Data from our customers shows that around 25% of containers at customers are slow movers. This just isn’t good business.”
Investing in skip tracking technology not only allows operators to keep full visibility on their skips, it also allows them to monitor customer delivery/collection times and identify slow movers, giving them more warning to any potential problems.