Strategic Consulting uses business intelligence tool to dig for deeper savings
Company Size
1,000+
Region
- America
Country
- United States
Product
- Element’s Xplore tool
Tech Stack
- Business Intelligence
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
Technology Category
- Analytics & Modeling - Big Data Analytics
Applicable Industries
- Oil & Gas
Applicable Functions
- Logistics & Transportation
Use Cases
- Fleet Management
Services
- Data Science Services
About The Customer
The customer is a leading oil and gas pipeline company with a total fleet size of 8,000, 86% of which are light trucks. The company utilizes various services including accident, financing, fuel, and maintenance. The company had set an initiative to cut costs by 1 cent per mile within its department. The cost-saving measures had to be reasonable to implement and not hinder current business processes.
The Challenge
A director at a leading oil and gas pipeline company set an initiative to cut costs by 1 cent per mile within his department. The cost-saving measures had to be reasonable to implement and not hinder current business processes. The company needed to find a way to analyze their enormous amount of fleet data to uncover potential savings opportunities and recommend a course of action to achieve the desired results.
The Solution
Element Fleet Management conducted a series of collaborative sessions with the company’s fleet manager to uncover potential savings opportunities and recommend a course of action to achieve the desired results. During these sessions, they used the dynamic capabilities of Element’s Xplore tool to filter through the enormous amount of fleet data and analyze the customer’s real-time data. These collaborative sessions took advantage of Strategic Consulting’s expertise in best practices and the fleet manager’s internal knowledge of the fleet to produce actionable recommendations. They recommended the customer eliminate specific underutilized vehicles that did not serve business needs. They also recommended the customer promote use of National Accounts specifically for tire purchases and oil changes to take advantage of lower costs, as well as take advantage of CNG capabilities in existing vehicles to lower fuel costs.
Operational Impact
Quantitative Benefit
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