We were out for supper the other night and one of our friends asked what I did for NPPD. I said, “I’m an Investment Recovery Coordinator.” She replied, “With stock, bonds or some kind of investments?”
I said, “No, investment recovery means we sell, redeploy, scrap or get rid of surplus systems, equipment and parts to get the best return on investment that we can. In other words, after materials or equipment are no longer needed, or if they are broken, surplus or have become obsolete, my job is to ‘recover’ what value still remains.”
Her misunderstanding made me think that if some of my friends didn’t know exactly what investment recovery is maybe some of my NPPD colleagues didn’t know what I did either.
Although Chet Harger (a second Investment Recovery Coordinator at NPPD) and I haven’t been everywhere in the District, we do get around quite a bit. We try to focus on high-priority items.
Most of our internal contacts are through employees’ sales, and maybe that’s what most employees think we do. Our external contacts on the other hand deal with transformers, vehicles, scrap, auctions and roll-off sales that generate almost $2 million annually … a totally different perspective.
At an Investment Recovery Association meeting in Scottsdale last year, we learned investment recovery is one of the fastest growing industries in the world. This is primarily due to the revenue it generates; however, investment recovery also ensures environmental compliance for many companies, and streamlines or simplifies surplus disposal. The investment recovery process also results in efficiencies with improved inventory and housekeeping, and it can promote positive company participation in green or other beneficial environmental programs.
Last year, NPPD expanded to new markets through EBay and contacts with new contractors and suppliers to increase sales revenue. It doesn’t appear NPPD is going to run out of “stuff,” and we try to enhance the amount of money the District receives for surplus or used materials. Sometimes we might not get a lot of dollars for used, surplus or waste materials, but at least it is no longer cluttering up warehouse shelves or work areas!
In 2012, NPPD topped the $2 million mark in investment recovery sales that included 2.3 million pounds of scrap metal! The scrap metal commodity total increased in 2013 to 3.4 million pounds and again last year to 3.9 million pounds.
These commodity totals and dollar figures are part of a sustainability report we publish annually, making sure our results are transparent and every dollar accounted for. Everyone should see the net results of NPPD’s investment recovery work because everyone, at some point or another, contributes to the investment recovery process. Every time a colleague needs something new – from systems and equipment at power plants to new vehicles or personal computers and furniture in the office – new opportunities for investment recovery are created.
So … hopefully this information (or blog) will clear up what NPPD’s Investment Recovery Coordinators do and show how what we do benefits NPPD and, ultimately, our customers.