Competitive Price Survey
Tip: Use the Competitive Price Survey feature to price your fuel grades.
The Competitive Price Survey allows you to record and identify the
competition's pricing trends, a tool that can help you in your attempts to
predict their pricing strategy and adjust your own accordingly, pricing
fuel based upon markers you develop over the
course of a few weeks tracking.
You know what they say: "Keep your friends close and your enemies even
closer." In other words, any time you can develop and identify what your
competition is doing and counter that activity with good marketing strategies of
your own, you improve your business and your bottom line; you
operate more competitively.
To use this feature:
- On the Reports menu, click Fuel Manager >
Competitive Fuel Pricing.
- Click Competition to set up the competing sites you want to track.
- Click Report. In the Report Type box, select Data Entry
Form.
- Click Print.
Take the Competitive Fuel Pricing
Data Entry form with you so you can compile you competitors' prices when you are
taking your survey and then read the completed form to type the prices in CDBWin:
- On the Reports menu, click Fuel Manager > Competitive Fuel Pricing.
- For the day indicated in the Date box, complete the records for your own pricing
and then complete the records for your competing sites.
- After you record
the prices over a given time period, you can click Report and in the Report Type
box select Text Report or Graph to analyze your grade
prices against your competition.
Past Tips of the Month...
November 2009: Expedite the Recording of Direct Store Delivery (DSD) Invoices
with Vendor Item Numbers
October 2009: Correcting Mistakes with Reversals
September 2009: Identifying Inside Sales Patterns
August 2009: Tracking Your Ratio of Fuel Sales to Store Sales
July 2009: Using CDBWin Reports to Identify
Profitability Issues
June 2009: Get In-Depth Training on Specific, Focused Topics
May 2009: Create Custom Filtered Reports Using
Saved Item Criteria
April 2009: Use CDBWin to Spot Discrepancies between
Orders and Deliveries
March 2009: Maximizing Efficiency with Hand-Held Data Processing
February 2009: Battery Care and Maintenance
January 2009: Using Online Documentation
December 2008: Identifying Fast and Slow Movers
November 2008: Identifying Inventory Changes
October 2008: Identifying Over Stock
September 2008: Identifying Dead Stock
August 2008: No Sales Tracking
July 2008: Refunds Tracking
June 2008: Discounts Tracking
May 2008: Void Tracking
April 2008: Workforce Management
March 2008: Department Projections
February 2008: Resolving HHT Communication Issues
January 2008: Preparing an Annual Budget
December 2007: Speeding Up Direct Store Deliveries
November 2007: Calculating an Accurate Cost of Goods Sold
(COGS) for Lottery Sales
October 2007: Processing Lottery Paidouts
September 2007: Marking Items (in CDBWin) Not to Be Sent to the POS
August 2007: Using Expense Items and Using the Department/Expense
Report in CDBWin 7.4
July 2007: Configuring an Alert for Cash Balance
June 2007: Adjusting Inventory with the Hand-Held on a
Daily or Weekly Basis
May 2007: Scanning Direct Store Delivery Invoices Without
Affecting Retail Prices in CDBWin
April 2007: Restricting Duplicate Invoice Numbers
March 2007: Profit & Loss
February 2007: Fuel Manager Reports
January 2007: How to Buy Coffee Supplies and Expense Them
December 2006: How to Get a PLU Report without Bar Coded Items
November 2006: How to Create a Reorder Using the Hand-Held Terminal (HHT)
October 2006: Reorder Items in Selected Department Range
September 2006: Reorder Quantities Based on Minimum Purchase Quantity
August 2006: Reorder Quantities Based on Sales History
July 2006: How to Reconcile Inventory
June 2006: How to Reconcile Inventory After a Promotion...
May 2006: Reordering the Correct Number of Items
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