Financial Planning Tips Every Fuel Dealer Should Know
Written by: Jeffrey Simpson (as seen in Fuel Oil News) Our financial advisory team works with fuel dealers of all sizes and we’ve pulled together our top tips as you review your capital needs and banking relationship in the off-season: Be cautious when making growth...
How well do K-Factors really predict deliveries?
Written by: Philip Baratz, president of Angus Energy Most, if not all, fuel marketers today still heavily rely on K-Factors to predict, prioritize and route their deliveries. This method of calculating next delivery based upon a mathematical formula has allowed fuel...
Tank Monitoring Best Practices from Fuel Marketers
As a proud partner with ADD Systems, we had the opportunity to guest post on their blog about some tips we learned from some of our tank monitoring clients. ADD Systems is one of our valued integrated back-office software companies for both BRITE® and GREMLIN®. We...
Top 5 Tank Monitoring Questions from the “Ask the Experts” Webinar
With a growing number of heating oil and propane tank monitoring options on the market today, and so many different factors to consider (communication type, fuel type, technology, price, support, customer app, etc.), fuel dealers are often left with more questions...
Delivery Costs: How Much Does A Runout Really Cost You?
The highest priority of every fuel dealer is to make sure automatic delivery customers don’t run out of fuel. This is especially true during the winter months. During a recent interview with Gary Sippin of Sippin Energy Products, he mentioned: “the true cost of...
Delivery Optimization: One Small Change Can Save You A Trip To The Rack
Each day your driver has the same (or a similar) routine. They get in around 6am, performs a pre-trip inspection on the truck, heads to the rack, waits in line to fill up and then off to start making deliveries for the day. At some point the driver will make their way...
3 Steps to Prepare Your Data to Make Your Company More Money
It doesn’t matter what industry your business is in; your customer data holds the keys to unlocking powerful information. It is the direct guide to your customers and your operation. This is especially true in the fuel industry. Most of the time you find yourself...
MID-SEASON COURSE CORRECTION: TOOLS TO GET YOUR COMPANY BACK ON TRACK
There are two areas of your business that will determine your success or failure for the remainder of this season: Financials and Operations. Your financials act as the “symptoms,” giving you the first signs that something is wrong. Once you can determine where the...