Inaccuracies in the calculation and recording of measurements are partly caused by one or a combination of a few human errors. ![]() Hence, inability to correctly measure volumes of products to the applicable standards will result in deviation from the actual quantity at site, and thus leading to either a loss or gain in income. Petroleum products are volatile and sensitive to changes in temperatures. ![]() With proper inventory, a distributor may be able to manage fluctuations in products demand and lead time and eventually benefit a good control of stock and money. Hashim ABSTRACTīusinesses related to downstream petroleum products are highly competitive and thus any losses in handling the transfer of these products at fuel terminals, regardless of the size, would significantly affect the income of the distributors involved.
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