Managing a busy terminal can be hectic and complicated, especially when it comes to inventory tracking.
The latest release of Load2day now offers a real-time inventory API to help you and your suppliers better manage inventory, so you can make more informed business decisions.
Imagine that your terminal has a 1.5M gallon tank of 87 octane. You’ve allocated 900K gallons of that tank inventory to your best customer – Anycompany Energy. The remainder is allocated to Acme Fuels.
At the start of the day, you check inventory levels and generate an opening balance. But then, the terminal sees a huge rush on orders. Trucks are loaded, and fuel is expended. Anycompany Energy is concerned they might run out of allocation, so they negotiate with Acme Energy to purchase 500K gallons of their allocation.
By the end of the day, the terminal owner needs to reconcile orders and transfers using pdf files and copying and pasting data from Excel spreadsheets to determine the remaining inventory. This process might be manageable if you only had one terminal, but what if you have 30 terminals? Now, you’re having to manage these reconciliations (and all the pdfs and spreadsheets) across 30 terminals. This very manual process is time-consuming and prone to error.
By not having a real-time view of your inventory during the day, you don’t know your burn rate. Is demand suddenly growing? Have you allocated enough fuel for your best customers? Is there a possibility that you’ll run out of fuel? Can you adjust your pricing to take these demand fluctuations into account?
That’s where the new Load2day real-time inventory API comes in. Now, if a terminal is running Toptech’s TMS, real-time inventory data is available through Load2day. And these APIs can be provided to your suppliers, as well, so that they have access to this real-time inventory data, allowing you and your customers to make more informed decisions.
Toptech Systems realizes that managing inventory can be a challenge for terminal owners. The latest Load2day APIs can help you – and your suppliers – better manage this complexity, so you can respond to market changes more rapidly.
To learn more about the real-time inventory APIs in Load2day, contact our sales team to setup a demo.
