Element fleet solutions for the Food & Beverage industry
The worldwide pandemic changed many things, including the trajectory of the Food & Beverage industry. This sector of the economy exploded as both sales & service and delivery branches responded to increased necessity and demand. For Food & Beverage-related fleets, managing the “new normal” has become a priority.
Element understands how the pandemic changed your business model. Life for the business professionals tasked with fleet management oversight has become more challenging and you need to stay ahead of trends:
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Food & Beverage companies have grown astronomically since the onset of the COVID-19 pandemic. Financial officers and operational leaders now find themselves debating whether it’s better to own or lease vehicles for their fleet. Element’s strategic advisors help you determine the most effective financing options, optimal replacement schedules, Total Cost of Ownership, and how to explore the EV landscape.
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Your fleet may have two separate branches of vehicles – sales and service (assigned vehicles) and distribution (pooled vehicles), with separate fleet managers for each. Your Element Account Team helps you manage both – and our online information management system consolidates fleet information to provide overall insight into your entire fleet.
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Retail companies are aggressively growing their home deliveries while navigating the electrification of their fleets. Element can pilot an EV program to see where it makes sense for your operations and sustainability goals.
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Reducing maintenance costs is always a top priority. Element technology captures information from your on-site maintenance facilities, along with our managed maintenance networks, for consolidated information and enhanced cost reduction.
From vehicle acquisition and driver safety to remarketing, Element’s suite of innovative services will help you keep the Food and Beverages flowing.
Case study: Factory vs. Stock Ordering
Situation
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Due to the microchip shortage, our Food & Beverage industry client’s OEM cut off production early, impacting their fleet. Fifty vehicles exceeded replacement parameters, with 50 more identified over next 12 months.
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Element was challenged to find innovative solutions to meet client’s vehicle needs
Solution
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Element recommended the client contact the OEM directly and quickly about recently canceled orders; the OEM let them know that a different client just canceled 100 orders.
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Timing was critical, as our client secured allocation for 100 orders meeting all their ordering needs for the next 12 months.
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In addition to acquisition savings via factory ordering, the client avoided dealer markups and increased maintenance costs.
IMPACT
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Approximately $500K Total Savings on 100 units ordered
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Savings based on average dealer stock price of $5K over MSRP
Case study: Data Visualization Dashboard
Situation
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A client company was challenged internally to drive down costs and improve efficiency. But its data was separated across multiple reports, hindering the decision-making process.
Solution
Element's strategic advisors developed a customized dashboard to aggregate and visualize the client's data.
IMPACT
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The dashboard enabled the fleet manager to quickly identify cost outliers and operational inefficiencies to help drive change.
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It also highlighted $1 million in savings if vehicles were replaced according to recommended parameters.
Explore related services and solutions
Explore related services and solutions
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