Date: January 1, 2022
The Challenge
A diversified power management company turned to Envita Solutions to reduce the price of their used oil.
The Solution
Envita Solutions negotiated the price for used oil down to a $0/gallon price point, whereas the customer had previously been charged for service. To achieve this, the team reviewed previous billing where cost had been neutral and given the current state of the market, they bid the material out to additional vendors to confirm appropriate market value. This information provided the leverage needed to negotiate a better rate with the incumbent supplier. Envita continues to monitor market conditions to negotiate the best material value for the customer’s waste streams and commodities.
The Result
Extensive market research and strategic supplier negotiation led to a significant price reduction of nearly $50,000 in annual cost savings.