About "RO Calculator" Mobile Application ( APP)
The "RO Calculator" is a Unique and 1 st of its kind Mobil Application in petroleum Retail Outlet sector.
It consists 2 sub calculators.
1. “Dealer Margin calculator “
2. “Stock reconciliation Calculator”
3. Petroleum Retail outlet “Important documents & Manual’s” encyclopedia.
“Dealer Margin calculator“
The Petroleum retail outlet business is a dealership & fixed commission based business. Unlike in other business, the Dealer or proprietor of Retail outlet can’t change or very the Dealer margin/commission unless the parent company revises it. The company fixes the Dealer margin by taking various parameters & expenditure cost components (Retail Outlet operating activity) into account that confront in retail outlet & dealer have no any role while fixing the dealer commission/margin. Hence it is very important for the dealer to know how much dealer margin had been fixed for each expenditure cost components (Retail Outlet operating activity), so that dealer will have clear idea of how much to spend against each activity (Retail Outlet operating activity), & where to implement the cost-cutting module to increase his profit margin.
"Stock reconciliation Calculator"
Both products Petrol & diesel are volatile in nature, while product handling like transportation, loading, unloading, delivering the product to vehicles form the nozzle & due to temperature, certain quantity of product gets evaporated, hence prescribed sum of quantity had been considered as evaporation loss in Dealer margin to compensate the loss to the dealer due to evaporation. But actual evaporation of the product may be more or less than the prescribed sum, if actual evaporation is more than the prescribed sum then the dealer incurs huge financial loses. Further, as per the MDG if actual evaporation is beyond the prescribed limit it may attract penalty. Hence it is very important to a dealer to monitor the evaporation loses.
“Important documents & Manuals”
The Petroleum Retail outlet business is very competitive & dynamic in nature, In supplement, the petroleum products and Petroleum industry itself is volatile in nature and its very sensitive & burdensome in running the Rental outlets, So it is very important for RO dealers to educate themselves on the rules & regulations and update himself on the latest trends.
Hence “Important documents & manual” module is designed to provide such important importation on your fingertips (24X7), information including petroleum industry manuals, Important documents, Latest updates & amendment.