What is Optimization, Anyway?

What is Optimization, Anyway?

By Anila Siraj, EVP of Research and Applied Data Sciences

To be successful at a task, you must take actions that make the best or most effective use of the resources or situation available to you. To maximize the return on those actions you need to understand the impact that each action will have and choose the one’s that provide the most benefit. This ‘continuous improvement’ process is referred to as "optimization." But optimization is not just a process. It's also a mathematical concept, and one with roots that are centuries old. It exists within mechanics, finance, engineering, geophysics, media, marketing…the list goes on.

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How to Analyze Competitor Weaknesses and Make Them Your Strengths

How to Analyze Competitor Weaknesses and Make Them Your Strengths

By Nancy Wheeler, Senior Client Services Manager

A valued Kalibrate client once said, "You don't know where you're going until you know where you are." Leading in fuel and convenience retailing means understanding where you are in relation to both the market and the competition.

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Part 5: What Value Does my Brand Bring to my Fuel Retail Network?

Part 5: What Value Does my Brand Bring to my Fuel Retail Network?

By Nancy Wheeler, Senior Client Services Manager

So far in our series on the Top 5 Questions Convenience Retailers have about Retail Network Planning, we've covered the best practices for implementing a network planning tool and how you can pinpoint the best locations for new builds, as well as how you can identify target sites or networks for acquisition. Last time, we discussed your current network's volume potential. Today, in our final installment of this series, our focus is on brand: What value does your brand bring to your fuel retail network?

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Summer Fuel Prices Outlook 2018

Summer Fuel Prices Outlook 2018

By Scott Barrett, VP Global Client Services

Last summer, we zipped into summer lovin' with our Grease-themed review of summer fuel prices. This year, we're sticking with the theme. And this time around, prices are like greased lightning: full speed ahead. Check out the Energy Information Administration’s (EIA) Short-Term Energy and Summer Fuels Outlook for more, and read on for our analysis.

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Creating a Fuels Pricing Center of Excellence

Creating a Fuels Pricing Center of Excellence

By Anila Siraj, EVP of Research and Applied Data Sciences

Regardless of your market's current phase of pricing maturity and regulation, creating and maintaining an efficient and effective fuels pricing function can often prove to be a challenge.

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Part 4: What is the Volume Potential of My Existing Network?

Part 4: What is the Volume Potential of My Existing Network?

By Janet Tooke and Nancy Wheeler, Senior Client Services Managers

So far in our series on the Top 5 Questions Convenience Retailers have about Retail Network Planning, we've covered the best practices for implementing a network planning tool and how you can pinpoint the best locations for new builds, as well as how you can identify target sites or networks for acquisition. Now, we'll dig into part 4 and learn about your current retail network's volume potential.

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How Should Fuel Retail Businesses Manage High Profit Margins?

How Should Fuel Retail Businesses Manage High Profit Margins?

By Ian Thompson, Managing Director, Planning

The fuel and convenience retail market changes so significantly from moment to moment and year to year that anticipating when your margins will spike and when they'll dramatically drop is beyond a challenge — it's practically a lifestyle.

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How to Leverage Data to Transform Your Convenience Store Offering

How to Leverage Data to Transform Your Convenience Store Offering

By Scott Barrett, VP Global Client Services and Kent Schlesselman, Senior Client Services Manager

Convenience isn't a one-size fits all business. Best-practice retailers know that their offering needs to be adapted to their demographic and current site and retail network strategy. The trends emerging as the convenience concept evolves are as important to consider as the role you play in this evolution.

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Deep Learning vs. Machine Learning When Determining Retail Fuel Prices

Deep Learning vs. Machine Learning When Determining Retail Fuel Prices

By Anila Siraj, EVP of Research and Applied Data Sciences

Artificial Intelligence (AI) - it's the technological focus of today and the science fiction focus of the past several decades, and has become key to the way many businesses now operate. With the rise of machine learning and a greater understanding of how it relates to AI, deep learning, too, has become more and more prevalent. In this post, we'll explore the differences between deep learning and machine learning — and the applications of each to retail fuel pricing.

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Part 3: How Can I Identify Acquisition Targets To Grow My Retail Network?

Part 3: How Can I Identify Acquisition Targets To Grow My Retail Network?

By Nancy Wheeler, Senior Client Services Manager

So far in our series on the Top 5 Questions Convenience Retailers have about Retail Network Planning, we've covered the best practices for implementing a network planning tool and how you can identify the best locations for new builds. Now, in Part 3, you'll read about the best way to identify target sites or retail networks for a different growth type: acquisition.

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