All Wetstock management articles – Page 2
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News
Forecourt equipment manufacturer OPW has launched its new website
Forecourt equipment manufacturer OPW has launched its new website opwglobal.com. It is designed to be easy to navigate, mobile and responsive and is intended to embody OPW’s commitment to defining what’s next across the globe with fluid-handling solutions. “The new OPW website was designed from start to finish with our ...
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News
Gaining an ’Edge’
Since launching a year ago, EdgePetrol has been promoted as the must-have tool for forecourt management, creating a world where software solves the problems forecourt owners face every day. It is the brainchild of the company’s CEO Gideon Carroll who, with a background in accountancy and oil trading, learned how ...
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News
Suresite extends wetstock management role with McColl’s
Suresite has extended its wetstock management relationship with McColl’s Retail Group, which operates seven forecourts among its total estate of around 1,600 stores. The group was among the first customers when Suresite launched its fully independent wetstock service in 2016, and after evaluating the benefits of outsourcing wetstock management, the ...
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News
TSG Ireland Introduces Leighton O’Brien fuel cleaning service
Australia-based analytics and field technologies company Leighton O’Brien has expanded its global fuel cleaning operations into Ireland following an agreement with retail petroleum solutions provider, TSG Ireland. TSG’s fully trained and safety certified technicians will deliver Leighton O’Brien’s patented tank cleaning and fuel restoration technology, supported by expert fuel data ...
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NewsGreenergy offers EdgePetrol as part of retailer package
Greenergy, the UK’s largest supplier of road fuels, is the first company to incorporate EdgePetrol’s technology into a branded retail package; and will offer EdgePetrol’s app as part of its UK retail brand offering. EdgePetrol’s data web app enables petrol retailers to see all their key metrics live in one ...
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News
Ascona Group chooses Suresite’s wetstock management solution
The forecourt retailer Ascona Group has appointed Suresite to provide wetstock management across its UK forecourts.Ascona Group is currently undertaking a major programme of investment that could increase its forecourt operation from six to 20 sites over the next 12 months.Suresite has over 30 years of experience in compliance, risk ...
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News
Insuring your assets
When you get a call from a customer, backed up by a car dealer, saying that water in your fuel has ruined their engine, panic can set in but not if you have a decent wet-stock management service in place. Tristan King, managing director of King Family Stores, which owns ...
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News
Suresite reacts to new wetstock management rules
Suresite says it has a practical solution for dealers needing to cope with new wetstock management requirements. The update of The Blue Book by the Association for Petroleum and Explosives Administration (APEA) and Service Station Panel of The Energy Institute (EI), released earlier this week, states that it will be ...
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News
Dover Fueling Solutions presents end-to-end solution
Dover Fueling Solutions (DFS), whose range covers fuel dispensing equipment, electronic systems and payment, fleet systems, automatic tank gauging and wetstock management, will be exhibiting a number of new products at the UNITI expo trade show from 15 to 17 May in Stuttgart, Germany. This will be the first show ...
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News
Dover Fueling Solutions appoints Dundee-based MD for EMEA
Dover Fueling Solutions (DFS) has appointed a managing director of Europe, Middle East and Africa (EMEA). Jeroen de Gruijter will report directly to David Crouse, the president of DFS, and will be based in the DFS manufacturing centre in Dundee, Scotland. This appointment comes after brands such as Tokheim, Wayne ...
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News
Taking (wet-) stock
After a tumultuous year in 2016, during which more than half the companies in the sector in the UK changed hands, and a new competitor entered the market, the new make-up in wet-stock management is now clear. The newest player in wet-stock management in the UK is Suresite, a company ...
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News
Leighton O’Brien appoints president, wetstock international
Leighton O’Brien has promoted Greg Salverson to the newly appointed position of president, wetstock international. Formerly international business development manager, Salverson will be responsible for continuing to grow the company’s global wetstock operations, establish and activate licensed software partners, grow client relationships, and help drive product enhancements. Commenting on the ...
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News
All change
The wet-stock management market in the UK is in a state of flux after a flurry of takeovers by US companies resulted in the prospect of the two biggest players, Vianet and Fairbanks, as well as Tokheim ProGauge, all being owned by the same American company. The first deal took ...
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News
Profit not loss
In a high-volume, low-margin business such as fuel retailing, the accuracy of stock control can make a huge difference to profitability. If you can measure your stockholding with precision and then compare that figure with what should be in the tanks, taking into account the sales through the pumps, any ...
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Real-time rules
Wet-stock management used to be a fairly simple activity. At the end of the week it would involve measuring the change in stock levels compared with seven days earlier and trying to reconcile that with the deliveries in and the sales-out over the same period. Margins could be calculated, but ...
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News
Drop by drop
With fuel margins so low, it’s easy to understand why many retailers would want to keep investment in the forecourt side of their business low as well. But failing to properly monitor fuel stocks and ensure pumps are dispensing accurately could be nothing short of a false economy.Over-dispensing pumps are ...
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Wet-stock Management: Moving target
I’ve only ever met one forecourt retailer who didn’t own a mobile phone. He said he didn’t need one because he was only either at home, at one of his two sites, or driving between the two. But he’s a rarity and many retailers today couldn’t survive without their smartphones ...
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Drop goal
Record fuel prices and the economic downturn mean the temptation for motorists to drive-off without paying for fuel taken from your forecourt has never been greater. And with confirmation from the British Oil Security Syndicate (BOSS) that cash losses from drive-offs rose 19% last year, keeping careful track of the ...
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Tank robbers
There are two good reasons why forecourt operators need to take their wet-stock management seriously safety and the environment; and because it makes good business sense. So says Tokheim marketing manager, David MacHale. He explains: "Responsible petrol retailers are conscious of their safety and environmental obligations when ...
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Liquid gold
Wet stock might not make you the biggest profit margin on your site, but it definitely brings in the punters. However, in these days when the shop is the margin maker it can be overlooked and unidentified leaks mean any profit you could be making is running away."Having a proven ...
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