Honest Medical had an inventory problem – every month they were producing over 1,000 pounds of excess items and medical waste.
Using Happen Ventures’ Reuse Program, they were able to easily donate surplus medical supplies and redirect useful items to Hope Esperanza, a local nonprofit.
Not only are they now paying less for waste disposal, these essential items are getting to be used by the local community.
About Honest Medical
Honest Medical operates in the online healthcare and pharmaceutical industry. They connect consumers with a wide range of prescription medications, over-the-counter drugs, medical supplies, and wellness products.
Sourcing products from certified manufacturers and distributors, they manage inventory in their warehouses and deliver orders directly to customers through their online platform.
Their focus is on providing accessible and affordable healthcare solutions by leveraging efficient inventory management and a seamless e-commerce experience, so customers receive their medical needs promptly & reliably.
Honest Medical’s Waste Problem
Honest Medical generates significant waste, from packaging waste like cardboard boxes, plastic wrap, and packing materials to pharmaceutical waste – from expired or damaged medications and supplies.
In total, they were producing 1,000 pounds of excess materials every month.
To make matters more complicated, the range of pharmaceutical and medical waste materials they were producing made disposing of these items more complex and more expensive.
Limited warehouse space further complicated their inventory management, leading to disrupted operations.
In short, disposing of their medical waste was expensive, and they were running out of space to store overflow. Committed to sustainability and reducing their environmental impact, they needed an efficient waste management solution – but a cost-effective one.
Utilizing Reuse
Honest Medical tackled their excess inventory problem by partnering with Happen Ventures through the Beneficial Reuse Program. This program allowed them to donate surplus medical supplies, which were matched with non-profits like Hope Esperanza.
Hope Esperanza told us “The medical supplies from Honest Medical have made a tremendous impact on our community. We are incredibly grateful for their generosity and for the partnership with Happen Ventures, which made this possible. These supplies have truly made a difference in the lives of those we serve.”
The process was clear & simple:
- Honest Medical identified surplus items and notified Happen Ventures.
- Happen Ventures quickly confirmed the donations and provided estimated pick-up times.
- The surplus items were collected and redistributed to organizations in need.
This efficient process helped Honest Medical manage their inventory better and cut waste disposal costs, while also providing valuable resources to the community.
Waste Solutions That Help Everyone
Partnering with Happen Ventures provided Honest Medical with significant immediate and long-term benefits.
Here’s what they experienced:
Cost Reduction:
- “We saw an immediate drop in landfill costs, which was a huge relief.”
- “Our overall waste disposal expenses decreased, helping us save money.”
Operational Efficiency:
- “Managing our inventory became much smoother.”
- “Donating created more warehouse space, freeing up room for essential items.
Environmental Impact:
- “We reduced the amount of waste we generated.”
- “Our sustainability efforts improved, aligning with our commitment to the environment.”
Community Impact:
- “It was rewarding to see our surplus medical supplies go to Hope Esperanza, directly benefiting the local community!”
How Our Initiatives Helped Honest Medical Save Money
The reality for most businesses is that even good ideas need to work financially. The power of our Reuse programs is in the fact that they are not just good for the community and the environment – they’re good for the bottom line.
Here’s how Honest Medical saved money:
- “We saw a substantial reduction in landfill and disposal expenses.”
- “Improved inventory management led to reduced storage and logistical costs.”
- “More efficient processes meant we needed less additional labor.”
- “Donating surplus materials offered potential tax savings.”
- “Overall, our operational overhead was reduced.”
Jason from Honest Medical said “Partnering with Happen Ventures has been a game-changer for us. We’ve seen a significant reduction in our waste disposal costs, and our sustainability efforts have greatly improved.”
These savings made a noticeable difference in their financial health, allowing them to reinvest in other critical areas of the business while continuing to support environmental sustainability & community initiatives.
Be a Part of Sustainable Change
If your organization has excess inventory or surplus materials, consider partnering with Happen Ventures.
Together, we can turn your surplus into valuable resources for communities in need. Get in touch to learn more about our program & how you can make a difference.
