- 12 Apr
Incorporating fuel purchasing decisions into fuel price management systems
In the NACS State of the Industry Summit, OPIS Chief Oil Analyst Tom Kloza predicted wide and volatile fuel price swings in 2013. Mr. Kloza said smart fuel marketers will be able to take advantage of these cost swings by buying low and selling high.
The PriceAdvantage fuel pricing software solution from Skyline Products can play an important role in aiding with the timing of these buying decisions. The Daily Rack Cost Summary report in PriceAdvantage displays supplier cost provided by OPIS, making it easy for fuel analysts to review different supplier options for a rolling five day period, and compare to what the competition is paying. Not only does this report aid in deciding where to buy from, it also shows the fuel analyst whether he is at a competitive advantage or disadvantage in each of his markets. By consolidating this OPIS information feed into the PriceAdvantage fuel price management solution, fuel analysts can find answers to their critical pricing decisions in one centralized location, and reduce time to conclusion.
The Profit Actual Cost report in PriceAdvantage allows the fuel analyst to quickly see in-ground margins based on past purchases. When taken in conjunction with the replacement cost information presented in the PriceAdvantage fuel pricing screens, the fuel analyst has a complete picture of store performance and margins.
The Margin Analysis views in PriceAdvantage present by market and by store the weighted actual margin, weighted actual cost, and average replacement margin. These views make it easy to slice and dice the information by commodity, market, and date range. Heat maps display relative performance of regions to one another, and stores to each other.
PriceAdvantage provides the complete breadth of information and rich analysis you need to quickly make the most of your fuel buying and fuel pricing opportunities and to optimize the balance between margins and volumes. We can expect the volatility of 2013 to continue for years to come, so savvy fuel analysts will need to decide not if they should embrace the best fuel price management solution, but when.