In the competitive fuel industry, access to real-time pricing can dramatically impact profitability. The Smart Racks app revolutionizes fuel management by providing real-time updates on supplier price changes, thereby ensuring that fuel brokers and their clients always secure the best available prices. This app addresses any challenges by offering a seamless, user friendly interface for drivers/dispatchers.
If your company:
Instantly access real-time supplier prices across multiple terminals, eliminating the need for manual tracking. Stay ahead of market changes by responding to live price updates and securing the best available rates
Dispatchers can send loading numbers and rack assignments directly to drivers, eliminating phone calls, email chains, and pricing confusion. This ensures drivers load at the correct rack with the most cost-effective price.
Access a 10-day price history to track fuel trends, verify billing accuracy, and make more competitive purchasing decisions. Historical data helps prevent errors and ensures fair pricing for customers.
Drivers can instantly upload drop tickets and Bills of Lading (BOLs) through the app, reducing paperwork delays and improving back-office accuracy. This streamlines reconciliation and reporting for accounting teams.
The driver purchases fuel from Rack A at $3.50 per gallon instead of the $3.46 per gallon price available through the app.
Difference in Price: $0.04 per gallon
Total Gallons Purchased: 7,500
Total Loss: 7,500 x $0.04 = $300
Over the course of a year, assuming similar dispatches occur twice a week:
Weekly loss: $600
Annual Loss: $600 x 52 weeks = $31,200