Diesel fuel purchasing course scheduled Nov. 14-15

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The Energy Management Institute’s Transportation Diesel Fuel Purchasing training is scheduled for Nov. 14-15 in Nashville, Tenn. The course is designed to teach tools and strategies needed to successfully achieve a company’s fueling objectives; gain a fundamental and technical education on how the petroleum markets work; and how to apply this knowledge to a company.

Topics to be covered include:

  • How to determine a company’s fuel price objective;
  • Determining reasonable discount/cost-plus targets;
  • Bulk strategies that will enhance buying power;
  • How forward exchange markets work;
  • Basic risk management tools;
  • Correlation indicators between markets;
  • How to apply risk tools to a company;
  • How the petroleum industry can work to a company’s advantage;
  • How the forward market affects the price paid;
  • How to segment the supply chain and where to buy;
  • Building a price and retail network through swaps; and
  • Eliminating surcharges to gain competitive advantage.
  • Organizers says the course targets anyone involved in the fuel procurement process at Class 8 and transit fleets, as well as fuel suppliers wanting to learn more about the needs of the buyer. Past attendees have included fuel buyers/managers, fleet managers, truck stop managers, chief executive officers, chief financial officers, and finance and treasury personnel. For more information, go to www.energyinstitution.org/Syllabus_info_request_form.htm or call (888) 871-1207.