Tank Monitoring and Environmental Compliance

The Hightowers Petroleum Team and their supply chain will use their tank monitoring program to manage the bulk fuel inventory at the customer’s locations with electronic tank gauges where available as well as manual readings. This will include receipt of product, dispersals, and daily inventory levels. This information will be used to schedule deliveries to maintain designated inventory levels.

Benefits

• Employees at locations will no longer be required to monitor and forecast inventories and usage. Elimination of on-site data collection for compliance.
• The need for central office personnel to evaluate prices, contact vendors, and schedule deliveries will be eliminated. Allows location personnel to concentrate on other job priorities.
• ATG alarms will be recorded and acted upon daily
• Remote diagnostics will be performed on ATG’s when equipment or system problems occur to prevent unnecessary service calls.

Features

• Daily Data Collection
• Alarms will be polled and logged
• Inventory irregularities will be noted and reported
• Equipment anomalies will be logged and reported with advice for correction
• Protection against run-out and over-fill situations
• System converts inches to gallons
• Monthly Statistical Inventory Reconciliation (SIR) report (compare daily change in inventory levels with the change in pump meters

Data Collection Options

• Polled remotely using tank monitors
• Stick readings input on website
• Stick readings faxed daily
• Stick readings called in via touch-tone phone

Replenishment Scheduling Options

• Keep full
• Just in time
• Tank minimums (tank bottom inventory)
  

Logistics

• Run-outs will be prevented
• Rush Loads will be avoided
• No-fits will be prevented
• Market conditions and usage, not on need or desperation, which can result in five to ten cents per gallon savings, will determine orders.

Inventory Management

• Monitor the fuel consumption at the facility
• Analyze daily inventory figures and schedule product replenishment to protect against run-outs.
• Maintain levels to be consistent with consumption

Facility Upgrades

• Eliminates your outlay for improvements or upgrades on fuel equipment.
• Project managed by Hightower Petroleum and its supply change contract’s manager, thereby, freeing up your personnel from the “headaches” associated with equipment installation and repair.
• Per gallon repayment allows customer to forego a few cents in fuel profit to pay for upgrades, however, HPC reduced pricing may counterbalance the cents per gallon necessary to pay for the equipment.

Administrative Savings

Clients will realize a reduction in the administrative costs associated with bulk fuel by utilizing a single fuel vendor.

• No need to evaluate multiple prices each day.
• No need to forecast inventories and usage.
• No need to call and contact vendor(s) to schedule deliveries
• Cost plus arrangement with option to audit insures competitive daily price thereby eliminating the need to match each invoice to daily quoted prices.
• Single vendor payment reduces processing and check costs.
• ACH and EFT payment options available

Consignment

The HPC team and supply chain purchase the existing inventory in tank and sells back to the customer. Customer is billed based off of consumption. Program provides for a reduced capitol outlay for fuel, increased payment terms, and improved administrative efficiencies.