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Innovations in Cost Reduction

Generally, cost management is considered one of the less exciting components of day-to-day businesses operations. But in actuality, it can be intensely interesting, deeply creative, and highly rewarding. 

The following represent some recent innovations in the marketplace – for further information on any of these products or services please call us at 818.992.6765 or e-mail info@thenextidea.net.

 

  A highly innovative product hits the marketplace that naturally increases the shelf life of perishable products 

Natural refrigeration dehumidifiers (NRDs) save energy and keep food fresh longer. These small replaceable units absorb up to 55 percent of their weight in humidity, increase the shelf life of food up to 50 percent, decrease the transfer of food odors, and reduce the spread of bacteria and cross contamination. 

Equally, this new product reduces refrigeration temperatures three to five degrees, in addition to decreasing refrigeration cycles up to 50 percent, thus extending the life of the compressor and cutting utility costs. This product has validations from the US Department of Energy and the US Army and has been noted in the Townsend Letter for doctors and patients. 

For more information, e-mail info@thenextidea.net 

  Have you heard of a workers’ compensation carrier that pays you?? 

Our vendor is California’s largest self-insured workers’ compensation insurance group, attracting over $30m in annualized contributions. They provide first-class training for both managers and employees in preventing job-related accidents, and they diligently work with all claimants to support rehabilitation and facilitate a swift return to work. The vendor’s policy is to return the group’s surplus profits to the members in dividends based on the member’s claim ratio and the group’s overall performance. To this end, in three years, over $18.5m has been refunded to members in dividend payments. This provider insures California restaurants. 

For more information, e-mail info@thenextidea.net 

  Eco-friendly cost reduction 

The level of waste that occurs in business at the environmental level is astonishing. Some of the simplest ideas can result in thousands of saved dollars, not to mention a positive impact on the environment. For example, a company that provides disposable coffee cups to offices is actually generating an extra 45 pounds of annual waste per employee compared to companies that provide reusable china cups. 

However, there are many more-sophisticated methods for reducing costs while helping the environment. Our waste management vendor is one of the country’s largest and most successful solid-waste management consulting businesses, specializing in substantially reducing waste disposal and recycling costs for its clients on a risk-free, results-oriented basis. They have served commercial and industrial clients since 1994 and possess demonstrated expertise in the food industry, with 39 percent of total clients being restaurants (both QSR and full service). They are not a waste hauling company, but rather a waste and recycling cost-reduction company. Clients pay nothing for the vendor’s analysis and recommendations, as the vendor is paid only when we produce a direct refund, credit, or savings in clients’ waste and recycling services.
 

For more information, e-mail info@thenextidea.net
For more information please call
818 992 6765 / 818 448 9888
info@thenextidea.net
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