Budgeting Best Practices for Fuel Dealers

Have you ever gotten in your car and decided to just drive to a destination without a plan on how to get there? What streets would you take? Would you need to stop for gas? Would you need your GPS? These are just a few of the many items that you would need to consider…

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 purchases during season. With the pressure on dealers to expand…

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 marketers to operate as efficiently as possible. But are K-factors really the most efficient…

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 recently interviewed two of our GREMLIN clients, Gary Sippin,…

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 than answers.   As such, we thought that it would be helpful for fuel dealers…

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 back to the…

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 problem may be, you can review your operations to help guide…

An Introduction To Weather Hedging: What It Is And How It Works

As you all know, weather can dictate how profitable your company will be during the season. Some of you may already be familiar with weather hedging programs and may even have implemented them into your company’s strategy. While we still see many companies with misconceptions about weather hedging, the main source of this misunderstanding stems…

Common Misconceptions About Weather Hedging

Weather hedging may seem unnecessary – until it isn’t. One month you have record low temperatures followed by another month with record high temperatures. The point is, weather is too unpredictable and can negatively affect the success of your company.  While we may not be able to predict the weather, there are certainly ways to…