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True cost of waste

The true cost of waste to your institution will not just be the costs of disposing of your waste. It includes a number of associated costs that are identified below. As a result of this, the overall true cost of waste to your organisation will often be greater than the budget figure that may have been specified by your finance department.

True cost of waste to organisations

True cost of waste = Disposal cost

+ Cost of purchasing material
+ Handling / processing / maintenance costs
+ Management time
+ Lost revenue
+ Any potential liabilities

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