The Challenge
Retailers reading this will already know the importance of managing cash flow and credit terms.
Cash is king, so with wages increasing and energy costs rising (one site told us their expenses were increasing by £60k) this is at the forefront of many retailer’s minds. Furthermore, interest rates are growing and this makes getting money for investment more expensive.
This provides a challenge for those using VMI (vendor managed inventory), where delivery control of a petrol station’s biggest expense- fuel- is essentially being handed over to their suppliers. Manor Retail was one such company and was wary of the difficulties in managing strict credit terms alongside their cash flows.
The Solution
EdgePetrol’s BuySmart Analysis intelligently predicts your future tank levels and alerts the user when fuel is going to run out. When alerted about an incoming delivery by their supplier, Manor Retail now checks EdgePetrol’s predictions to see whether or not a delivery is needed and delays if one is not needed.
The Results
Manor Retail now only receive deliveries when they need them, leading to better-managed cash flows and less stress over credit terms!
