In today's fast-paced world, we're all juggling multiple responsibilities. We increasingly rely on technology. From smartphones that remind us of appointments to apps that guide us to our destinations, technology simplifies our lives. But have you considered how your business's Back-office System (BOS) plays a critical role in your operations?
Two similar heating oil companies faced rising costs with different strategies. One chose operational efficiency, while the other stuck with high prices. Explore the outcomes and uncover crucual lessons about adapting to change to stay competitive.
Unlock growth by turning seasonal challenges into opportunities with strategic data analysis. Discover how understanding and adjusting for seasonal delivery patterns can enhance efficiency, boost revenue, and streamline operations in the home heating and services industry.
Phil Baratz provides his insights from a 5-year collaboration with fuel distributors, showcasing significant improvements in operational efficiency and cost management through data-driven strategies.
Have you been disappointed in recent years with your cash flow or profitability as you have been forced to deal with warm winters, greater regulation, stubborn inflation, and high interest rates? Or maybe you really want more stability with year-over year results, regardless of the weather or economy. If you’ve been wracking your brain trying to find ways to turn things around...
Have we grown so accustomed to profiting only in the winter that we accept controllable losses during the summer? Our experts review some steps to help you prevent seasonal losses and boost profits.
In our industry, we often rely on averages: Average annual HDDs, gallons per delivery, time spent on service calls, etc. Sure, it's convenient but we should be asking if using averages makes things easier; “I would rather remember one number for the number of stops made per hour than look at every stop.” Interestingly, all those averages are derived from individual data points... Could focusing on the micro-level make us more efficient without overwhelming us with too many numbers?
The days of continually raising prices to maintain profits are long gone; survival in today's cutthroat market demands streamlined operations and competitive pricing models. Keeping customers can be as simple as offering the RIGHT pricing program...
When you look out into the yard during the summer, what do you see? Trucks, lots of trucks. Some are out making deliveries, but the rest are there just sitting there, waiting. Trucks are the backbone of your business, and you wouldn’t survive without them BUT do you really need all of your trucks?
Did you know that the Federal Reserve (Fed) does not use the Consumer Price Index (CPI) to track inflation? The Fed prefers to track a much less familiar index known as Personal Consumption Expenditures (PCE). PCE measures the change in consumer spending on the actual goods and services that households are currently purchasing. PCE considers substitutions made by households and is more flexible.
