April 5, 2005
KSS and FuelQuest partner to optimize end-to-end retail fuels management processes
Florham Park, NJ – (Apr 5, 2005) – KSS Inc., the leading provider of fuels and merchandise pricing solutions and FuelQuest Inc., the leading provider of fuels supply chain management solutions, are pleased to announce a partnership to help petroleum/convenience retailers optimize their business operations across the fuels pricing and supply chain based on a unique understanding of customer demand.
FuelQuest is the provider of FMS, the leading industry solution for fuel demand and supply chain management. KSS is the provider of PriceNet, the leading industry solution for retail fuels pricing and price decision support.
FuelQuest and KSS will co-market a certified interface between the FMS and PriceNet systems that will allow users of both solutions to drive incremental value by creating linkage between fuel supply schedules and sales forecasts that take account of short term pricing strategies and positions. This will establish a fully integrated solution that will provide improved visibility of the short term supply position to the pricing function and will provide visibility of sales forecasts adjusted for short term pricing tactics. The interface, available from April 4th, will allow better coordination between supply and pricing.
Rich Cilento, CEO of FuelQuest stated, "We are very pleased to be able to offer our clients an integrated FuelQuest-KSS solution. This interface allows them to optimize fuel replenishment forecasting and dispatch planning results with the most current street price strategy, linking the fuel supply chain with retail fuels pricing. Our respective solutions are already well proven and we are excited about promoting this value-adding component in the North American and European marketplaces."
"Although both our solutions stand alone with strong value propositions by themselves, it makes great sense to facilitate the integration of the two solutions to help customers’ drive even greater value from their investments. We can see increased value on both the pricing and supply chain side for customers willing to explore this link,” commented Iain Cockburn, CEO of KSS.
About FuelQuest
FuelQuest develops and delivers web-based supply chain management and tax automation technologies for suppliers, distributors, and buyers of petroleum products. Their applications support the procurement, management, and sales of fuels and lubricants. Focus areas include price management, strategic sourcing, logistics optimization, remote tank monitoring, environmental compliance, and fuel excise tax compliance. Find out more online at www.fuelquest.com
About PriceNet
PriceNet is the market-leading, retail fuels pricing solution, helping operators set prices across a diverse range of markets. Capable of supporting all channels of trade, PriceNet streamlines pricing processes and supports more effective decision making through a combination of automated pricing rules, analysis, price modeling and optimization.
About KSS
KSS is the global leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big box retail industries. KSS clients include global, national and regional companies managing a total of over $100 billion in revenue through more than 20,000 fuel sites and rack terminals, throughout the world. KSS US headquarters are located in Florham Park, NJ with European headquarters in Manchester, UK.
For further information please visit the website at www.kssg.com or contact:
Bob Stein, Chief Executive Officer Tel: +1 (973) 549 1850
Mark Hawtin, Vice President Marketing Tel: +44 (0)161 228 0040
For media inquiries, contact Roy Miller Tel: +1 972 717 3500 ext 235 or rmiller@transsynergy.com
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