WCTbid Introduces Web Portal Geared to Managing Environmental Compliance

WCTbid announced a new product recovery management portal. Dubbed WEEEcycle.com, the product recovery portal handles mandated recycling requirements from collection request to final disposition to compliance reporting. WEEEcycle.com combines web-based network management workflow and control, a comprehensive compliance data repository, and a network of pre-qualified service providers in order to provide a turnkey recovery, remarketing and recycling network.

This August 15, the European Union's WEEE initiative, which regulates all electronic goods made or sold into the EU, goes into effect. Under the plan, the EU will hold manufacturers ultimately accountable for recovering and recycling products. The massive initiative will impact most multi-national companies engaged in manufacturing and is expected to create considerable inventory issues. Companies without an action plan will likely end up directing significant unbudgeted sums to national collective take-back programs. Non-compliance will mean penalties or worse, lost sales.

WCTbid's WEEEcycle.com portal was developed to support both the EU and growing U.S.-based eWaste compliance requirements. WCTbid's new PRM portal consists of four technology and service components:

A dynamic information portal for customers, sales channel partners, and recycling service providers that provides content ranging from customer-oriented recycling how-to's to mandatory information dissemination such as product disassembly instructions.

A hosted network management solution that initiates, monitors, and controls activity throughout the recovery cycle, including collection request, pick-up and delivery material monitoring, and tracking across the full range of product disposition options. The PRM portal also generates compliance reporting.

Predefined solution partners have been established to handle transportation management, disassembly or other special services, such as certified recycling and network management, and can provide complete network coverage throughout the EU and North America.

Integrated whole product or component remarketing and resale services through the company's flagship WCTbid.com asset liquidation platform provides a revenue component to ensure recovery programs are cost-effective or profitable.

To help companies with recovery program definition, WCTbid also offers a series of workshops titled, 'Unraveling WEEE," to help all company stakeholders understand the regulations, map their products and processes to a set of recovery chain alternatives, and drive consensus to the optimum solution that meets cost, compliance, and customer-focused objectives.

"Since our inception, WCTbid has been focused on helping customers improve inventory performance throughout their forward and reverse supply chains. With our new PRM portal, WCTbid extends support for the product recovery chain, which is a natural and important extension for our customers in 2005 and beyond," stated Alan Scroope, WCTbid's CEO.