Stop by to see all the latest innovations from Veeder-Root and Insite360 in Booth #801 at WPMA, February 20 - 22, 2018.
For busy owners, operators, and managers of multiple retail fuel sites it can be difficult to get a quick picture of what’s happening onsite. While you might be able to get a status update from your employees, the discussion requires that they stop serving customers and that they know the fuel inventory or active alarm status at a given moment. A clear understanding of your fueling network's current operating status is key for making sound business decisions.
A large c-store and fuel retailer with hundreds of sites was facing increased competition as other retailers opened locations in close proximity to key sites. To jumpstart business and build a foundation for growth, new leadership was brought in to streamline processes and eliminate waste throughout the organization’s fueling operations.
Insite360 Advanced Variance Analysis (AVA) is a managed service that monitors fuel sites to continuously reconcile inventory and deliveries, identify instances and sources of fuel variance, and provide actionable recommendations to reduce loss.
It is estimated that fuel runouts and retains cost an average c-store $3,000 per year in profit. The majority of the margin lost during a fuel runout is on in-store purchases as customers drive off when fuel is unavailable. Mismanagement of fuel inventory levels is extremely costly, so it is important to correctly forecast your fuel usage.