Fuel Pricing Experts Share Insights on How to Improve Margins/Volumes
Join representatives from The Wills Group, Maverik, and Spinx as they share those best practices which are implemented by the industry's most progressive fuel pricing teams. Simply looking up competitor prices and replacement costs to decide on new fuel prices - then calling, emailing, or faxing those prices to the store is no longer enough. Your competition - especially if it is a chain with more than 150 stores - can outplay you every day.
You will learn:
- How today's best performing fuel pricing teams access, aggregate, and leverage near real-time fuel pricing data
- Why creating a sustainable pricing infrastructure and documenting pricing strategies is critical
- How operating blindly, with no insight into if and when prices were changed, is eroding revenue
- The negative impact that manual processes, from gathering data to manually changing price signs, has on your business
Dynamic, Day-Part Fuel Pricing Strategies
The execution of scheduled fuel price changes during set windows of time throughout the day, sometimes referred to as day-part pricing or dynamic pricing, is becoming more commonplace. For example, retailers are learning how to maximize margins or drive volumes based on specific day parts.
Learn About:
• Companies successfully executing day-part pricing
• Requirements for successful implementation
• Common barriers and risks
• Creating a business case
Presenters:
John Lofstock, Vice President & Editor-in-Chief, Convenience Store Decisions
Laurence Cohen, President, Petroleum Pricing Consultants, LLC
Brian Milne, Editor/Product Manager, Schneider Electric
Brendan Doner, Asst. Director of Sales & Operations, PriceAdvantage