Tanks without monitors can be challenging to forecast, especially if they’re slow-moving or have variable usage. Tank forecasting can improve delivery efficiency by 30% by increasing drop sizes and ordering at levels to hit a higher tank fill efficiency.
BizSpeed can forecast and monitor ALL tanks.
Tank level monitoring allows for more innovative and accurate forecasting and helps make better decisions on when to create the replenishment order based on level data. In the graphic above, the tank monitors show typical keep-full tank data with level sensors, with the red line showing the order quantity and the blue showing the amount delivered. The tank is non-monitored, averaging a 30% delivery variance from the ordered amount.
Smarter forecasting using a tank monitoring system increases drop size, reduces miles driven, and increases the delivery truck’s utilized capacity. The statistics shown are a sample from before and after forecasting.
BizSpeed’s goRoam mobile app captures a significant amount of delivery data. Tanks are barcoded, and drivers can optionally stick tanks to get before and after tank readings. The goRoam mobile app helps you quickly transmit data from your cellular network by building an accurate tank database by adding tanks at delivery and continuously confirming attributes such as tank readings and if the tank was delivered fully. All tanks are barcoded, and drivers can optionally stick tanks to get before and after tank readings.
BizSpeed provides the customer with several fuel tank monitoring system reports to help with tank level fuel-monitoring operations such as ordered-vs-delivered variance by product, customer, tank, etc. We’ve had multiple tank monitoring solutions requests to forecast non-monitored tanks. Our new proprietary forecasting uses multiple methods by forecasting ALL tanks.
We’re using machine learning to forecast tanks based on a combination of the following:
- Accurate Delivery history
- Stick readings access
- Related tanks with monitors
- Related products
BizSpeed product line offers forecasting as a subscription service. Tank forecasting with machine learning provides a significantly better prediction of fuel usage trends. This system optimizes bulk tanks’ delivery frequency and volume, increasing the average profit on tanks with recurring deliveries. The tank monitoring system also allows for delivering more orders from the company with the existing fleet. Telemetry equipment gives you complete visibility of your stored fuel’s quantity, providing valuable insights to help you avoid system downtime and stay in control of your oil and gas storage.
For existing customers, we have a significant amount of delivery history and can conduct a data study to help you understand which tanks should have an installation of monitors and which ones can be forecast by order history (without a monitor). If you have many non-metered tanks, contact us to show how smarter tank data forecasting and monitors can help you and your customers make better decisions and understand tank-level data.
By the installation of our Data Analytics hardware for bulk storage tanks, you can quickly monitor a tank’s delivery history as well as bulk tank monitoring key metrics, including:
- Avg delivery qty last 12 months
- Avg service delivery qty last 40 days
- Access to Min/Max delivery qty last 12 months and 40 days
- Standard reporting of deviation in delivery quantity (variance) in the last 12 months
The screenshot below shows an example of tank monitoring and the ordered vs. delivered graph.
How do you use this data for tank monitoring?
Our forecasting engine and tank portal allow you to find reliable tanks by traits such as product locations, IDs, markets, nearest tanks, etc. This generates the ability to monitor the current tank levels, days to empty, percent full, and other key power data. You simply select specific tanks and export their data to create orders or use the portal to generate customer orders based on must-go, should-go, and could-go details. To help fill up a truck, you can use the portal to monitor and access facility locations of nearby tanks with the same product so you use 100% of your truck capacity.
We want to talk to you! We’ll show you the future of tank forecasting and remote tank monitoring. Let’s discuss how reliable forecasting tools and location monitoring software can improve your bottom line and customer satisfaction. Call to schedule a time to evaluate your tank delivery through BizSpeed’s Tank Forecasting.