How to achieve a sustainable business through salvage management
Business sustainability has become a key phrase in corporate practices of the 21st century. This desirable business model can be defined as companies managing their triple bottom line – a process by which organisations manage, according to the Financial Times, “their financial, social and environmental risks, obligations and opportunities.”
Efficient business sustainability requires companies to observe the principles of sustainable development. The World Council for Economic Development (WCED) describes sustainable development as meeting “the needs of the present without compromising the ability of future generations to meet their own needs.”
With the race for businesses to adapt policies and practices that are centred on developing economic efficiency, social equity and environmental accountability, now in full swing, more and more companies are implementing effective salvage management systems centred on crafting more sustainable business practices.
Salvage management goes hand in hand with business sustainability. Being a comprehensive solution that enables companies and their customers to monitor and manage salvage-related activities with greater transparency and efficiency, salvage management provides an effective form of management for diverging industries and businesses. Adopting more proficient, transparent and prevailing business solutions, helps companies of all sizes and niches manage the triple bottom line goals related to their “financial, social and environmental risks,” with greater efficiency.
For example, in the automobile insurance industry, an efficient salvage management system would enable businesses to increase recovery rates if their company cars were involved in a collision. It would decrease salvage-related operating expenses, and help minimise inefficient manual workflows, thus adhering to the drive to meet financial, social and environmental obligations and opportunities.
Bamboo Distribution’s Intelligent Salvage Management (ISM) is another example of a system designed to help businesses become more sustainable. Bamboo Distribution’s ISM allows customers to have total transparency of the recycling and redistribution of electronic devices by documenting and detailing each stage of the process.
Through online management tools, Bamboo Distribution’s customers can track and trace each stage of the process. Being driven by a relentless commitment to deliver the highest of customer service and care through total transparency and for the best prices, Bamboo Distribution’s ISM system helps customers get the highest level of return in the recycling and redistribution of electronic devices.
With a focus on Handset provision, repairs and refurbishment, handset profiling and product matching this enables Bamboo Distribution to be able to provide products configured and ready to supply in any market.
As The Guardian wrote in response to the rise in “greenwash”, the “practice of making misleading or unsubstantiated claims about the environmental benefits of a product, service or company”:
“True sustainability needs transparency.”
Efficient salvage management systems such as Bamboo Distribution’s ISM platform delivers transparency, which ultimately helps companies being in a highly sought-after sustainable development driving seat.