Global Fuel Producer Looks at a Potential €2.3 Million Margin Lift with Vendavo
Learn how Vendavo furthers company’s global sustainability mission AND profitability goals.
Highlighted Business Outcomes
Faster, easier organization processes
Price optimization across multiple product lines & geographies
€2.3M potential margin lift
Pricing guidance improves margin transaction by transaction
Timely, accurate quotes
Streamlined quoting so sales teams can spend more time selling
Overview
Known worldwide for its innovative solutions to combat climate change and dedication to accelerating a global shift to a circular economy, this leading global producer of renewable diesel and jet fuel for customers in transport, municipalities, aviation, and chemicals has tied its company mission to sustainability goals, which they consistently exceed.
The Challenge
In dedication to accelerating the circular economy, the company works closely with their partners to produce sustainable products and drive the “circularity” forward. Because one of the company’s partners successfully relies on Vendavo price optimization solutions, they too looked to optimize both their own pricing and their innovative value chain.
The efficiency gains and data insight has been so significant that the global fuel producing team already calls it one of their best investments.”
Global Fuel Producer
The Solution
Armed with Gartner insights and Vendavo’s history of price optimization leadership, the global fuel producer implemented Vendavo Pricepoint, Deal Price Guidance, and Intelligent CPQ across four countries for pricing on fuel pumps, lubes, chemicals, and other products. The solutions enable the sales team to make smarter decisions across specific customer deals, providing guide rails from the contract master to ensure deals are optimized.
We identified a potential margin improvement of €2.3m (2.6%) as a conservative estimate.”
Robert Irwin
Senior Vice President of Business Consulting at Vendavo
The Results
Critical success is determined by our ability to address customer margins with uplifted guidance, explains Robert Irwin, VP Business Consulting, EMEA at Vendavo. “We identified a potential margin improvement of €2.3m (2.6%) as a conservative estimate.”
The efficiency gains and data insight have been so significant that the global fuel producing team already calls it one of their best investments. And the circular economy just got a little more efficient.
About Global Fuel Producer
Overview
Leading global producer of renewable diesel and jet fuel for customers in transport, municipalities, aviation, and chemicals.
Fast Facts
Industry: Renewables & Environment
Region: Global
Employees: 4,000
Products used: Vendavo Pricepoint