WRAP has launched a new initiative titled the Innovation Challenge, helping companies in the sector to make better use of assets and materials by piloting new approaches to management. This will provide opportunities to offer innovative services, reduce costs and demonstrate corporate responsibility for resources.
Ideally, pilots will focus on the priority areas of clothing, furniture, electrical and maintenance products but other areas will be considered where there are opportunities for substantial materials reduction.
The Innovation Challenge will offer specialist analysis and project support to help companies pilot either enhanced or new approaches to doing business by utilising assets and resources more efficiently. The aim is to demonstrate the business case for wider roll-out.
Participation will lead to cost savings and create opportunities for the business to increase revenue and strengthen relationships with clients by demonstrating thought leadership and tangible efficiency savings. Examples already being developed include new approaches to asset management and focusing more on outsourced service provision in lieu of asset ownership.
Pilots are set to start before the end of March 2013, with expressions of interest being made as soon as possible, before mid-November where feasible.
The findings of the Innovation Challenge and the successes of the companies’ activity in the pilots will be shared, to help promote and improve resource efficiency across the whole sector.
This opportunity is part of WRAP’s on-going work to help the FM sector make more efficient use of resources and reduce waste, which in turn will help companies to cut costs and further build their reputation for corporate responsibility.
Leigh Mapledoram, Programme Area Manager FM at WRAP said: “We believe that there are innovative ways in which FM services can be delivered more efficiently and effectively using fewer products and materials. This will enable companies that innovate to be more competitive, increase margins and reduce costs in a very competitive market.”
For more information about the Innovation Challenge and to get involved, email email@example.com
WRAP is also offering a range of tools and support to the FM sector. These include free resource optimisation reviews and an interactive Procurement Toolkit to help clients that manage FM services to specify and measure resource and cost savings. There is also a Waste Prevention Loan Fund in England. More information on all these services can be found by visiting: http://www.wrap.org.uk/fm
Notes to editors:
1. WRAP’s vision is a world without waste, where resources are used sustainably. Working in partnership to help businesses, individuals and communities improve resource efficiency.
2. Established as a not-for-profit company in 2000, WRAP is backed by government funding from England, Northern Ireland, Scotland, and Wales.
3. More information on all of WRAP's programmes can be found on www.wrap.org.uk