Kuwait Petroleum North West-Europe licences PriceNet
Major Benelux fuels retailer licences pricing solution following successful evaluation
Manchester, UK – August 23, 2004 – KSS Limited, a leading global provider of pricing solutions to petroleum, convenience and grocery retailers today announced that it has concluded a licensing agreement with Kuwait Petroleum North West-Europe for its’ PriceNet retail fuels pricing solution.
The licence follows an in-market evaluation of PriceNet’s ability to streamline Kuwait Petroleum North West-Europe’s fuels pricing process, improve responsiveness to competitor activities and market opportunities and thus enhance financial performance.
Omer Coekaerts, Retail Operations Manager, says "KSS have demonstrated an excellent understanding of the pricing process and have equipped our team with industry leading effective pricing tools. These tools should give us greater insight into pricing decisions and improved control over the pricing process."
"We are delighted to have the opportunity to work with Kuwait Petroleum North West-Europe and look forward to helping deliver benefits across their network of outlets,” said Iain Cockburn, Chief Executive Officer at KSS. “PriceNet’s ability to combine more effective support for pricing decisions with intelligent pricing rules will help achieve greater process efficiencies and focus pricing attention where it adds greatest value to the business.”
About Kuwait Petroleum North West-Europe
- Has its’ head office in Antwerp with sales and service divisions for the whole network.
- Has additional offices in the Netherlands, Germany, France and Luxembourg.
- Has 650 Q8 service stations in the Benelux
- Has, in addition to service stations, about 199 self-service diesel stations (IDS), its own refinery, a research and technology centre, a lubricants plant and several distribution centres.
- Employs approximately 875 people (incl. Kuwait Petroleum Europoort, Kuwait Petroleum Research & Technology and Tango)
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