The role of inventory for recycled material in a financial audit.

To demonstrate their financial integrity, companies occasionally undergo an accounting and financial audit. The financial state of a company must be examined to ensure everything is in order and to identify any potential errors. If your company needs to conduct a financial audit and you are not carefully monitoring your inventory of recycled material, you will not know what you have, making the job much more difficult. Additionally, every company must carry out an annual inventory.

You run the risk of being penalized, in addition to wasting a lot of time. Moreover, poor management of your material stocks negatively impacts the smooth operation of the company and the sustainability of revenue.

In this regard, Second Cycle has specialized in the use of drones as a measurement tool to meet inventory needs in order to provide accurate and precise information required by accountants to prepare the organization’s financial statements. With professionals on its team, Second Cycle is capable of certifying its inventory reports through its engineers who are registered with the Engineers Association for its clients. Indeed, using photogrammetry software, the images captured by the drone are used to generate a three-dimensional representation of raw or residual material piles, or the area itself. This technique involves capturing a series of aerial images of an object or area from different viewpoints and then reconstructing an exact 3D replica of the scanned piles or area. This 3D representation will display the piles or area as a model that can be observed from all angles. By conducting regular inventories, you will have visibility into your stocks within your organization and find new ways to increase profits and improve operations.

Do you want to have a comprehensive and accurate inventory of your materials?

Contact us toll-free at 1-833-280-2828.

Improve the energy efficiency of your company.

People use energy for variety of purposes, including transportation, cooking, heating and cooling rooms, manufacturing, lighting, and entertainment. People’s choices about how they use energy, such as turning off machines when they’re not in use or purchasing fuel-efficient automobiles and appliances, have an impact on the environment and people’s lives. Because energy production often results in pollution and greenhouse gas emissions, increasing the energy efficiency of some technologies has the potential to drastically cut energy consumption and, as a result, reduce energy sector emissions.

Energy efficiency is frequently described as win-win situation: by reducing the quantity of energy utilized, efficiency measures can minimize energy consumption (and, as result, energy-related consequences), while also customers’ money. Energy-efficient programs may be more expensive up front, but they frequently save energy customers money in the long run.

Alternative fuels will eventually take the place of raw materials like coal as a result of energy efficiency. This will help reduce the use of virgin materials and hence lower GHG emissions.

Is your company considering a circular economy project?

Contact us toll free : 1 833-280-2828

The benefits of reverse logistics

Reverse logistics refers to the process of planning and managing the return of consumer goods (end users) to the manufacturer or distributor for recovery, repair, recycling, or even disposal. Reverse logistics is therefore a stage of the supply chain that follows the delivery stage. Reverse logistics has as one of its objectives lessening the environmental impact of corporate operations. As a result, businesses create processes and products that are less harmful to the environment from the beginning.

Reverse logistics is increasingly becoming a key component of your business. By maximizing material reuse, it is a collection of policies and procedures to manage the return of things or goods for repair, reuse, or processing at a reasonable cost. Companies can profit from reverse logistics implementation in the following ways:

• Reduce the environmental impact of your organization;
• Improve the company’s image and customer satisfaction;
• Creation of new markets;
• Controlling inventory;
• Reduce costs and increase profits;
• Protecting against procurement risks;
• Reduce the risk of raw material shortages;
• Ensure recycling and reuse of raw materials;
• Generate new revenues through rental and repair of goods.

Is your company considering a circular economy project ?

Contact us toll free : 1 833 280-2828

Ecodesign : an inevitable revolution

During their entire life cycle, from cradle to grave, all products have an impact on the environment, including the use of raw materials and natural resources, manufacture, packaging, transportation, disposal, and recycling. More than 80% of a product’s environmental impact is decided at the design stage.

Ecodesign is a growing sense of responsibility and awareness of our impact on the environment. Consumer values have been questioned as a result of greater environmental consciousness, overcrowding, industrialization, and an expanded environmental population. It is critical to seek out new building solutions that are environmentally friendly and result in lower material and energy use. Second Cycle has created a methodology to provide operational direction on how to determine whether and which ecodesign standards are applicable for a certain product.

Is your company considering a circular economy project?

Contact us toll free : 1 833-280-2828

Life cycle assessment : a winning strategy

Life-cycle analysis is a methodology for examining environmental impacts associated with all stages of a commercial product’s, processes, or service’s life cycle. This give the opportunity to study the alternatives and try to reduce this pressure on the environment. For example, in the case of a manufactured product, environmental consequences are examined from the extraction and processing of raw materials, through manufacturing, distribution, and use of the product, to the recycling or final disposal f the materials that make it up.

When conducting a life cycle analysis, the most important thing is to learn the right reflexes to become responsible consumers, more attentive consumers who consider both ethical, environmental and economic criteria. Indeed, thanks to an organization like Second Cycle, a company can realize the life cycle analysis of a product that it manufactures or a service that it proposes to its customers. This allows it to identify the stages of the life cycle of a product or a service that have an influence on the environment, as well as the changes that can be made. The company thus considers all aspects that can intervene throughout the life cycle of its product, starting with its creation. This method is called eco-design, eco-design or sustainable design.

Is your company considering a circular economy project?

Contact us toll free : 1 833-280-2828