How Technology is Transforming the Scrap Metal Recycling Industry

Scrap metal recycling companies can benefit from software programs that help them manage, analyze, and optimize their inventory flow. For most businesses, this is one of the most important aspects of profitability

Fremont, CA: In the scrap metal recycling industry, there was a time when tickets were written by hand, incoming material was sorted by hand, and bookkeeping was done by hand. Today's scrap metal recycling industry is at the forefront of innovation, utilizing new technologies to process more material in a more efficient, accurate, and timely manner. Technology adoption in the recycling industry has been used to increase recycling rates, keep up with changing materials and products entering the waste stream, and enhance scrap metal recycler profitability.

Here are just a few areas software has allowed technological advances for recycling companies.

• Anti-theft Compliance – Good recycling software will use technology to ensure that state and local anti-theft laws are followed accurately and completely. Scrap metal recyclers can use technology such as cameras, digital signature and thumbprint capture pads, and other scrap yard hardware to interface with programs that generate reports, which can then be uploaded to authorities for compliance.

• Routing - Scrap metal recyclers have been able to optimize their truck fleet routing thanks to routing software. It can plan driving routes to make the most efficient use of available resources. Some fleet and container technology collects customer and vendor information, which helps to improve service quality. Using this technology reduces energy consumption, boosts efficiency, and enhances client interaction.

• Inventory Management – Scrap metal recycling companies can benefit from software programs that help them manage, analyze, and optimize their inventory flow. For most businesses, this is one of the most important aspects of profitability. The right software program enables a recycler to know what material is on hand, where it is, and at what time. Given the stage of processing and what is available for sale, it will indicate the price or value of the material. A scrap metal recycling software system inventory module should allow one to print and scan barcodes, define categories of material and track its pricing, enable accurately entering data and integrate with other modules of the software for even improved efficiency.