Hazardous Waste Disposal Services Category Procurement Intelligence Report

The market for Waste Management Services and its sub-segments such as Hazardous Waste Disposal Services are at an interesting intersection. Stringent laws and evolving business practices are emphasizing on worker safety more forcefully than ever. Although developed regions of the world have already achieved a great degree of maturity in reducing occupational hazards, emerging markets are still navigating that curve. As a result, most suppliers from developing regions are still investing in pro-safety business practices which ultimately increase their operational costs and the overall cost of procurement for buyers.

Supplier evaluation and performance management is now being driven by select KPIs that serve as hard evidence to support cost reduction and compliance. Suppliers of Hazardous Waste Disposal Services are developing targeted KPI matrix that help with actionable data on their performance and cost savings they achieved for the customer.

Hazardous Waste Disposal Services category has traditionally been untouched with in-depth analysis of patterns. However, companies are now spending a good amount of analysis to optimize the entire waste management cycle, for example, the optimum frequency to collect waste, optimum size of containers of vehicles, types and volume of waste generated and customized solutions for each type and volume category. Suppliers are also expected to create in-depth data reports that can further facilitate the analysis and decision-making process.

Trends like these and many others discussed in this report are necessitating a relook at the way Hazardous Waste Disposal Services is procured and the procurement cost saving opportunities that exist.

Hazardous Waste Disposal Services procurement best practices are moving towards a level of sophistication which is typically seen in traditional procurement categories. Category managers now have an attractive opportunity to adapt the best practices seen within this category as well as those being leveraged in other non-related categories. This report summarizes the best practices picked from across multiple categories that could work well for category managers involved with Hazardous Waste Disposal Services procurement strategy.

For example, Buyers should engage with suppliers that provide waste management solution based on their industry specific needs. Suppliers should be able to provide different waste management solutions that are specific to the type, location or volume of waste. Also, suppliers need to have scalability to offer the desired customization based on diversified requirements of buyers.

Buyers should analyze the type and volume of waste generated by their operations at different locations and ensure that the concerned suppliers have the operational capability to handle the waste profile of their organization.

Buyers should engage with waste management service providers that have recycling capability. Such service providers will ensure that majority of the waste generated by buyers will be recycled leading to reduction in manufacturing costs for buyers. This will lead to direct cost savings for the buyer.

Hazardous Waste Disposal Services procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Hazardous Waste Disposal Services procurement. Some examples include: