by Study Groups | Oct 30, 2024 | Leadership
Every company should have a mission statement. Mission statements outline why a company was formed, who it seeks to serve, and the quality of service to be provided. Every employee should know the mission statement. Not just casually know it, but be able to say it...
by Study Groups | Oct 23, 2024 | C-Store, Legal
Oil and gas Marketers and Retailers are certain of three things: Death (by regulation), Taxes, and Interchange Rates. While these are certain, the state of Illinois has had enough. “NO MORE INTERCHANGE FEES ON TAXES!” – Illinois Interchange Fee Prohibition Act...
by Study Groups | Oct 22, 2024 | Legal
WTG Fuels Holdings LLC (“WTG Fuels” or the “Company”), was a large, diversified fuels distributor and convenience retailer with operations across west Texas and southeast New Mexico. The Company is a subsidiary of West Texas Gas, Inc., a large natural gas...
by Study Groups | Oct 15, 2024 | HR, Technology
It is hard to deny that the entrance of ChatGPT and other natural language AI models into society has changed the world. Employees are using it to write emails and documents, students are using it to help with homework, and parents are creating customized bedtime...
by Study Groups | Oct 10, 2024 | Technology
Practical, No-Fluff Advice for Getting Started As fuel distributors you’ve probably heard all the buzz about Artificial Intelligence (AI), but what does it really mean for your business? Forget the pie-in-the-sky tech talk. This webinar is about practical,...
by Study Groups | Oct 5, 2024 | Finance, Operations
A petroleum company’s healthy cash flow is typically tied directly to customers paying invoices on time. Late paying customers quickly bleed away already slim margins and profits, in addition to adding significant operating costs by requiring staff time and effort....
by Study Groups | Sep 12, 2024 | Operations
When you think of gaming machines like video poker, you probably envision a casino floor in Vegas. Certainly understandable. But there are myriad non-casino locations across the U.S. with gaming machines, including c-stores and truck stops. Distributed gaming is a...
by Study Groups | Sep 12, 2024 | Operations, Technology
Many Study Groups members are cautiously optimistic about the implementation of Artificial Intelligence (AI). From optimizing energy consumption to enhancing construction project management, AI can significantly improve operations. However, with these advancements...
by Study Groups | Sep 10, 2024 | Finance
One of the most useful, important, misunderstood and aggravating tools of the petroleum company credit department is the credit hold. This automated process, which is designed to interrupt the flow of product to your customer, is so critical it is often a priority to...
by Study Groups | Aug 20, 2024 | Finance, Operations
In the fuel world, it’s not uncommon to have a line of credit secured by receivables. While lines of credit can help with cash flow and allow you to take advantage of opportunities, they often have restrictions that prevent businesses from maximizing their...
