Published on November 21, 2023
When it comes to wetstock management solutions, such as those provided by Dover Fueling Solutions® (DFS), every drop and second counts.
For many fuel retailers, the term wetstock management means stock control, tank level measurement, or leak detection.
True wetstock management is much, much more though. It is the complete end-to-end management of fuel inventory — from the moment a fuel delivery is ordered, pumped into the tanker and dropped into the storage tank, right through to when it is pumped into a vehicle and accounted for in the reconciliation process.
As well as wetstock management solutions helping to protect the environment, end-to-end wetstock management systems can also enable fuel retailers to have a complete enterprise-view of their fuel inventory. This means not only are operators more in control of their fuel at each and every site they own, but they also only have to reorder deliveries when absolutely necessary. A fuel retailer’s carbon footprint can be reduced as a result, as they are able to order the right amount of fuel at the right time to sustain business.
DFS ran a wetstock monitoring proof of concept (POC) across 10 stations for 6 months. Although tank performance across all stations was within legal tolerance, DFS uncovered many previously unseen issues. This included identification of actual losses of fuel equating to 66K litres per year, in the aggregate!
DFS wetstock management systems detected 4 tank leaks, amounting to approximately 9,875 litres of fuel lost to ground. An estimated 39,000 litres would have been lost had these leaks remained undetected for 12 months.
This accurate and early detection of leaks has led to a reduction in environmental risks and financial savings, by significantly reducing loss of fuel as well as leak clean-up costs. If the leaks had remained undetected for 12 months, these 4 leaks could have resulted in over $500K in total costs to the retailers.
Fuel management and monitoring solutions can transform fuel retail businesses. These systems can also provide you with a whole new world of environmental protection for the future, significantly reducing the risk of fuel loss to the ground.
A great wetstock management solution can help detect instances of fuel leaks to the downstream fuel industry. Experts recognise the importance of “watertight” wetstock management services as well, to make sure the environment is as protected as possible when it comes to conventional fuelling solutions.
Trust DFS and our DX Wetstock® end-to-end fuel management solution to help with your fuel retail site’s wetstock management strategy and your journey to a more sustainable future, today. With this system in place, you will be able to use real-time data to rapidly reconcile any fuel discrepancies – minimising fuel loss and mitigating risk.
Hoping to learn more about these solutions before you invest? We have an insightful guide about how tank calibration can affect wetstock management strategies which we encourage you to read.
Alternatively, contact us to get your queries about wetstock management systems answered directly by one of our wetstock specialists.