February 26, 2024
Imagine what you could achieve if you could easily combine all the information that is available about your operations and your customers. Business Intelligence (BI) is the solution that makes this a reality. It collects and analyzes data from various sources, transforming it into valuable insights that can drive your business forward. There are numerous reasons why businesses invest in Business Intelligence. Let's explore five of them...
January 15, 2024
In the world of heating fuel distribution, efficiency is paramount. Today's heating fuel dealers face the day-to-day challenge of ensuring timely, dependable, and cost-effective deliveries to their customers. Optimizing delivery operations not only enhances customer satisfaction but also streamlines business processes and positively affects your bottom line. To help get you started, our team has put together a few strategies you can implement to optimize delivery efficiency (and profits).
January 8, 2024
In his recent article, featured in the January issue of Fuel Oil News, Rashaan Baskerville discusses how a current interest phenomenon may provide you with a rare opportunity to significantly reduce your interest expenses.
November 28, 2023
Keeping customers warm through the winter is the most important part of your business. So, it’s no surprise that deliveries are the largest component of your expenses. When you dig into ways to cut down on those expenses in many cases it comes down to making larger and (therefore) fewer deliveries. However, simply targeting larger deliveries may or may not be optimal and as such may not decrease but actually increase delivery costs!
How do you define an Optimal Delivery?
November 20, 2023
Tank monitors are meant to take away the uncertainty of asking yourself, “How much will I deliver to this tank today?” Better put, tank monitors put an end to the challenge of relying on questionable K-factor consumption calculations. If you know how much you will deliver to a particular tank, you can achieve the two most important improvements imaginable: increased delivery size and optimal fleet management.
November 13, 2023
Most fuel marketers still rely heavily on K-Factors to predict, prioritize and route their deliveries. This method of calculating next delivery based upon a mathematical formula has allowed fuel marketers to operate as efficiently as possible. But are K-factors really the most efficient option?
November 6, 2023
They say history repeats itself and nothing is more true than when it comes to your customers. To maximize profitability, it is imperative that you look at your customer data history, leveraging it to find the ways you can increase your future profits. Weather history, degree-day history, delivery history, price history, equipment installation, and service history -- this data is your most prized possession. Not only is it your customer list and your “official record” of customer behavior – but if utilized correctly, it provides insights into their future behavior...
October 6, 2023
When considering whether to hedge (or not to), it is important to review the following key factors: Variable Cost Structure: , Fixed Cost Structure, Inflation, and Interest Rates.
September 20, 2023
Albert Einstein said, “We cannot solve our problems with the same thinking we used when we created them.” Almost 100% of the objections we see relative to our offerings are based on prior behavior that has become part of a company’s DNA. Routines and mindsets become rooted in consistent behavior and thought – people and…
August 15, 2023
BRITE®, by Angus, utilizes YOUR data to give you timely insight into the key aspects of running your business. Built specifically for fuel distributors, it shines a light on Delivery, Dispatch, Service, Finance and Customers. Our easy-to-use dashboards are meant to be custom-built for each user based on their role and level in the organization.…
