Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
Recycling is about bringing 'used materials' back into usage. Organizations engaged in protecting ecological balance perform this duty by getting used entities back into operation.
However, this 're-utilization process' asks for infusion of tremendous amounts of resources both in terms of time and money. This is because funds are needed to carry on the R&D activities. Such a requirement makes it important to bring in a methodology for constant monitoring of moves and steps. This 'tracking instrument' can be in the shape of a Balanced Scorecard (BSC) to track reuse related activities.
It advocates the usage of metrics/ KPIs (Key performance Indicators) that can be assigned values and numbers. This act eases out the efforts to a significant extent as one need to get into 'subjective and qualitative talks'. The quantitative touch imparted by this strategy contributes a lot in giving an 'impartial and unbiased' view of the operations.
This job of choosing indicators again demands moving into sufficient details about the dynamics of this field of 'back utilization process'.
Therefore, one can 'revert back to applying the used stuff' in a much more calculated and precise manner.
This is the actual scorecard with Recycling Indicators and performance indicators. The performance indicators include: waste disposal and safety perspective, % diversion of waste from landfill, % decrease in waste disposal costs, recycling rate, number of quality standards adopted, customer and policy compliance perspective, recycled products acceptance level, level of compliance with legislative and resource consent requirements, % increase in the usage of recycled products, % reduction in customer complaints regarding recycled products, environmental and social responsibility perspective, % reduction in greenhouse gases, % customer awareness achieved, number of recycling processes according to the international environmental standards, number of programs conducted to improve societal participation., operational and r&d perspective, % increase in operational efficiency of workforce, % of operational waste recycled and utilized, number of wastes products recycled, number of new cost efficient recycling methods developed.
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