BUYING THE BEST RATE
Fuel prices change from time to time (vary with time). Political conditions, international issues and market fluctuations will affect fuel prices and consumption. The location of the fuel terminal and supplier company also affects prices due to the ingredients used to blend into the fuels. For these reasons, fuel delivery companies always have a tough time tracking the fuel prices for the day and deciding the location to buy. Going through all the emails for the price updates from those companies or calling them daily is always a problem. Finding the best price of the day and having a portal which lists out the fuel prices at all the vendor locations are the biggest challenges for the fuel delivery companies, reducing their buying power.
Seeing the prices from various vendors in one place is a dream solution for these fuel delivery companies.
A portal with prices from all the selected vendors with updates in prices from time to time helps these companies to save a lot of time. A portal listing all the prices will solve the central puzzle of choosing a location to get the fuel for the day and save all the hassle of reaching out to them or going through their emails. A solution to auto-select the vendor for the day based on the prices and calculate the price for each client based on the rack price will be a great asset for the company as it will help them invoice the customers quickly.
How does the Fuel Management System from Manage Petro solve these pain points?
Fuel Management System (FMS) from Manage Petro is one SAAS solution that solves these pain points faced by fuel delivery companies. Manage Petro’s FMS Dashboard lists the rack prices from all the fuel terminals accessible to the company and can auto import those prices directly from the supplier’s portals at regular intervals. Companies can also benefit from a better price from Manage Petro’s partnership with some suppliers. Margins can be set for each fuel type based on the location of the terminal, which will determine the unit price of the fuel for the day. FMS will also auto-calculate the fuel price for each client listed on FMS based on the margin for each fuel type and send an email to them with the price for the day. Fuel prices sent to the Clients include all the applicable taxes and fees based on the terminal and the client’s address. Buying the fuel for the best price is one of the challenges for Fuel Delivery Companies, and it has ripple effects until invoice creation.
Manage Petro’s Fuel Management System with features like auto importing fuel prices from supplier’s portals and auto calculating client’s unit prices can help fuel delivery companies overcome the pricing challenges they face.