What the Judges Said…
“Wastebits brings much needed standardization and visibility to the fragmented waste disposal business. This platform can bring significant financial and operational benefits to both waste generators and vendors on a large scale.”
Wastebits is an online platform with a searchable map of over 14,000 waste and environmental vendors across North America. The platform helps companies find and connect with the vendors they need to meet their sustainability goals. The map makes it easy to find local and regional vendors that otherwise could be time-consuming to locate, especially when managing a large corporate operational footprint, Wastebits says.
Using local and regional vendors increases the competitive environment, often yielding cost efficiencies in comparison to bids limited to national vendors, according to Wastebits. For vendors, the platform provides a free level of easy access and can serve as a source of new revenue. Vendors can upload and manage their own listings describing their company, facilities, and service offerings. Most major waste companies accept the Wastebits online platform as a collaborative access point for managing industrial and regulated waste in real time, the company adds.
Without a centralized platform, it is often too time consuming for industry customers to find and connect with vendors for each local operational area, which forces them to prioritize time instead of overall cost. They also risk limiting themselves to the few vendors that provide coverage for their entire corporate operational footprint.
The great number of vendor-specific processes that industry customers must learn and utilize is another complication. Wastebits says its technology streamlines these dissimilar processes into a uniform, easy-to-learn, easy-to-use processes accessing all vendors. Wastebits users can also manage related waste documentation and regulatory forms, maintain commonly accessible real-time communication logs for each waste stream, and maintain real-time activity logs for managing regulated waste streams.
In 2017, Wastebits achieved over 50,000 unique visitors a month that found and connected with waste and environmental vendors. Enabling customers and vendors to collaborate in real-time and on the same information set has helped eliminate costs like trucking demurrage, for example, caused by regulated waste being rejected at a facility over expired waste stream characterizations. Wastebits says that their real-time performance analytics have enabled customers to shift waste volumes to better performing vendors, eliminating operational costs and environmental risks due to poor performance.