Still using K-Factors for fuel deliveries? It’s time to stop guessing and switch to tank monitors for real-time accuracy, greater efficiency, and fewer runouts. Learn how this tech can transform your fuel delivery business!
An expansion of ideas presented in a recent article from Oil & Energy delves into the benefits of integrating tank monitoring with fuel delivery and operational efficiency. data-driven approach not only boosts efficiency but also prevents common operational issues. Discover how a data-driven approach can transform your operations and position you for success in a competitive landscape.
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?
With consumption falling, governmental intervention increasing, and competition becoming wiser and nimbler, it appears the only true lever for a fuel distributor to keep their margins is by increasing prices. However, higher prices don’t help with the silent killer of profits in a world where others are managing those risks. How high will you be able to take prices to offset inefficiencies that are only getting worse? How long will it be till your customers wonder why the competition is cheaper?
While tank monitors aren’t new, they are indispensable tools that can revolutionize the way businesses operate. Tank monitors don’t just monitor tanks, they empower fuel delivery businesses to become more efficient, so they are able to do more with less. Explore five key benefits of incorporating tank monitors into your system.
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.
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?
How a Tank Monitor Can Help You Exceed Your Business Goals The Summer season is the perfect time to audit your customer data, conduct equipment maintenance, set your budgets for the upcoming seasons, and fit in a vacation. It’s also a great time to assess how technology can help you become more efficient.Tank monitoring technology…
If your drivers are making the right number of deliveries per day & they're working the right number of hours per day, & you're dispatching to optimize based on the data you have, your trucks should come back close to empty. But they aren’t!
It might come as news that on average, 70% of all dealer operating expenses are directly related to fuel delivery. These expenses include trucks (and everything needed keep them running) as well as Dispatch and Delivery personnel (and all their associated costs). Tank Monitor -- you’ve heard about them, you may have tested a few and may even have decided it’s time to start investing in monitors to improve efficiency, but where do you start?
