Achieving diversity within supply chains is a growing area of focus for
If you are trucking across state lines, then filing your quarterly IFTA taxes can be a pain. Electronic Log Devices (ELD’s) can help tremendously to track miles driven in each state. However, how does a fleet manager keep track of fuel purchases when your vehicles may have purchased fuel in a variety of ways (at your bulk tank, from a mobile refueling truck or at a retail station using a fleet card)?
If you were to survey the universe of fuel buyers for their most frustrating facet of buying fuel, two things would rise to the surface. First on the list would be delivery related. This stands to reason that the successful delivery of the promised product would carry the most weight.
The second greatest frustration to buyers comes from a rather surprising source. Invoicing issues are the second most irritating issue fuel buyers face is the timeliness and accuracy of invoices. In fact, several firms exist in the fuel logistics space whose sole purpose is to ensure the accuracy of invoices and promote timely invoicing.
In the early 1990’s a newly formed energy company was growing rapidly. The firm dominated the energy futures trading market. It reported enormous profits and was a darling of Wall Street. The company’s balance sheet reported over $60 billion in assets. The company was Enron.
Of all the problems that keep you up at night, maintaining your fuel island is not likely one of them. Fueling equipment maintenance is not fun. It is not sexy. Maintenance is not glamourous, but it is necessary. You have made the investment for a bulk fuel island in hopes of saving money on fuel. Ignoring the maintenance is not free to you.