Posts

Service Management Software

Increase Profitability with Work Order and Service Management Software

We all know these stats:  In 2021, there are a reported 150,274 convenience stores serving Americans with 80.9% of those selling fuel.  Convenience stores with fuel stations fill 80% of the gasoline needs for drivers in the United States.  In 2018, CSNews reported that an average convenience store served as many as 1,100 customers per day.  All of this combined shines a light on the importance of maintaining a clean and safe business. However, what...
Petaluma California Gas Company Ban

What Happened in Petaluma California and is it a Sign Your Business Needs to Adapt?

Earlier this month, the Petaluma California City Council unanimously voted for a ban on new or expanded gas stations within its city limits.  California is already known for its focus on clean energy alternatives:  in 2020, Governor Newsom announced a mandate that all new cars sold in California beginning in 2035 must-have zero carbon emissions.  This follows the heels of the prior executive order signed by then-Governor Jerry Brown mandating carbon neutrality by 2045.  Was...
Inventory Tracking

Is Inventory Tracking Leaving You Searching for Profitability? You Are Not Alone.

Modern technology brings many advances for store management, but did you know that nearly 80% of business owners adopting new software list inventory tracking and management as their top need? If you haven’t reviewed your current price book or POS software solutions, here are a few reasons why you should: Accurate pricing. Many ERP software solutions include c-store POS modules connected to a price book database integrated within the system.  One change to the price...
selection word built with letter cubes

If You’re Not in the Process of Site Selection Now, You Could Be Missing Out on Profits

Business owners and managers will certainly agree on one point—the number of challenges for the convenience store and fueling industry continues to make achieving profitability increasingly difficult.  While businesses are adapting to changes in consumer demand for alternative fuels, the past year’s pandemic conditions forced us all to buckle down and alter our practices to grab ahold of a shrinking amount of fuel and c-store revenue. All in all, the industry has held up pretty...
digitalization

Could Digitalization be the Secret to Success Your Business Needs?

Things did not happen as predicted for the oil and gas industry in 2020.  Once the COVID-19 outbreak transformed into a national emergency, most experts forecasted a significant downturn in our industry.  Without commuting, road trips, and air travel less gas would be consumed--and crude prices were already extremely low at $40-$45 per barrel.  With that forecast, we anticipated the industry would not have the extra capital to continue alternative energy development and companies would...
Shared Mobility

Shared Mobility – A Potential Threat for the Petroleum Industry?

If only someone had a crystal ball that actually worked.  Then we would know exactly what the future holds for us in the fueling industry.  A report by Boston Consulting Group published in 2019 predicts “a significant portion of the fuel retail network in some markets could be unprofitable by 2035…”  While the media has focused on the increased adoption of electric vehicles as a major disrupter for the industry, in reality, a number of...
last-mile fulfillment strategies

Get Ahead of the Competition with Last-Mile Fulfillment Strategies

Are you considering last-mile fulfillment strategies for your convenience store?  If not, you could be missing out on a fast-growing trend in the retail industry. In October 2020, 7-Eleven announced they were adding three of the largest U.S. remote ordering and delivery platforms—Uber Eats, Grubhub, and Instacart—to their menu of services.  As a result of months of shelter-at-home and intense safety protocols, consumers have come to depend on these well-known services to deliver groceries and...

Take the Headache out of Customer Billing with a New ERP Solution

Enterprise Resource Platform solutions are sophisticated software programs that provide organizations with a myriad of benefits based on the shared use of a single database.  End-users enjoy the convenience of enhanced record management and the ability to track a transaction from point of entry through account reconciliation.  With all data for multiple modules held in the single software umbrella, reports are instantaneous creating better-informed and faster decision-making.  Yet there is another significant advantage that deserves...
fleet fuel cards

Tips for Calculating the True Cost of Operating Your Fleet

Thanks to modern technology, information about your fleet’s operations can be at your fingertips.  Fleet operations include a variety of hefty expenses including maintenance, repairs, fuel, insurance, and other assorted costs.  Then there’s the budget sheet depreciation of current fleet vehicles and cash flow considerations for purchases of additions or replacements.  All in all, these costs combined often rank in the top 5 expenses for a company in the oil and gas industry. So how...
Gas Plant Accounting Software

Make More Money with an Innovative Wholesale Fuel Accounting Software System

Are you on a quest to find more ways to increase bottom-line profitability in your bulk plant?  If you haven’t considered upgrading your accounting software, you may be missing an enormous opportunity.  Traditional wholesale fuel accounting software programs have been cumbersome and filled with administrative burdens.  Here are just a few reasons you should consider implementing a new, modern solution this year. Wouldn’t you like to make faster decisions? It’s difficult to navigate pro’s and...