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Case Study 1

Asset Management

The Challenge
  • No centralized management of assets
  • No limitations on vehicle orders
  • Excess amount of vehicle inventory
  • No physical audits being performed on inventory
  • Broken processes, policies and procedures
  • No internal controls to secure assets
  • No cross utilization of company assets
  • All assets were being disposed of through auction
 

Case Studies

Real world stories about QEK in action.

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QEK Solution
  • Established formal ordering procedure within authorized limits
  • Implemented monthly Key Performance Indicators (KPI's) measuring timing of vehicle lifecycle stages (i.e. order through disposal)
  • Redesigned processes, policies and procedures to minimize vehicle hold time
  • Conduct regular physical audits to maintain control of inventory
  • Implemented several disposal methods to maximize return on net asset
Results
  • Reduced vehicle hold time resulting in $2.2M cost savings, year on year
  • Maximized utilization of vehicles resulting in an inventory reduction of 23%, $9.87M cost savings annually
  • Overall investment by using QEK services resulting in a 10:1 ROI