The Verifier - Inventory Management

Inventory Management

The Verifier is also used to monitor and measure the incremental use of oil, providing daily summaries and alerts for low oil levels. With local and Internet access to all of this information, building managers can follow certain inventory control regulations and avoid stiff fines. New York State Department of Environmental Conservation (DEC) has recommended “in-tank monitoring systems,” like The Verifier, stating that “electronic systems which automatically measure tank inventories and continuously record changes…supply all of the information needed to perform daily reconciliations.” These inventory records are also encouraged by major oil companies and the American Petroleum Institute. Moreover, accurate inventory measurement and tracking enables fuel consumption analysis to be performed and charted, by building, hourly, weekly and monthly; by square footage, by unit; and by degree-days. Additionally, consumption comparisons to prior periods, over specified times, and to other buildings in an entire database of portfolios can be performed as well.