Supply Optimization Mgr Job at Farstad Oil
Fuel Procurement – develop and execute purchasing strategy by market, composed refiner-backed contracts, day deals and rack buying.
Fuel optimization – Monitor market conditions to optimize fuel deliveries, including contracts, day deals, discretionary rack, and inventory
- Advise logistics where to load depending on what the market is doing
- Which contract is in the money?
- Push/pull plant loads based on what the market is doing
Issue resolution – advise Ops and drivers where to load (primary, secondary loading options)
Monitor and manage supply and logistics arbs, and execute on opportunities
- Tampa vs Cape Rec 90 spread
- Orlando vs Cape Canaveral diesel
- West Palm Beach vs Port Everglades diesel
Allocation tracking – ensure liftings are rateable and allocation is appropriately managed; work with suppliers to hit daily, weekly, 10-day, and monthly targets, and ensure Parkland always have supply when needed
Contract compliance & management – track actual volumes vs contractual commitments, expiration of contracts, fees, etc
Lead forecasting for suppliers and for National Accounts
- Provide refiners 1-3 day forecast ahead of weekends, big marine days
- Work closely with Supply and National Accounts to provide visibility of scheduled and completed deliveries, as well as collaborate to unwind hedges
Supplier management - develop supplier relationships to ensure Parkland is always in a good position when it comes to supply; develop backup supply relationships and always have security of supply in mind
Price validation – help with price validation and resolution of supplier invoice issues as needed
Ensure Parkland is set up to load at every terminal and is set up to receive prices and load from every supplier (OPIS poster or not)
Liaison with accounting, IT, logistics, and business units to ensure proper reporting and follow up on fuel supply activity
Support Continuous Improvement culture - lead Continuous Improvement initiatives across the Southeast ROC, including driving key performance initiatives, metrics, and goals, mentoring and training team members, and championing projects
Drive initiatives that contribute to long-term operational excellence.
Ability to lead, drive change, & influence others - positive mindset, “Can do” attitude, creative problem solving, quick issue resolution, ability to lead with humility
Promotes and manages a positive and productive work environment working with the management team to provide clear communications and fair and timely evaluations of all staff.
Employee must demonstrate safe work and risk management practices. Communicate and enforce all safety and security issues. Report and process all employee and/or customer incidents or unsafe acts in accordance with Parkland USA’s policy and procedure.
Promotes the organization to the industry, trade associations, and local officials.
Plan, develop and implement organizational policies and goals.
Follow and enforce all Parkland USA’s policies and established procedures.
Ensure that confidentiality of data collected and stored are maintained.
Employee is expected to set priorities and meet deadlines. Employee is responsible for planning and carrying out assignments, resolving conflicts that arise, informing and coordinating with others as expected. Employee is accountable for ensuring the accuracy of their work and maintaining good working relations, both internal and external to Parkland USA. Self-direction and motivation are also expected.
- Bachelor's degree in business or related field. May be substituted with related experience
- 5+ years of petroleum supply experience, including practical knowledge of various index and rack-based pricing mechanisms
- Understanding of fixed price, hedging, cost build ups preferred
- Understanding of market structure, netbacks, logistics costs, brand spreads ideal
- Strong analytical skills and finance background
- Project management experience a plus
- Excellent communication skills
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