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Ricker Oil Company selects KSS for “pricing management on the go"

PriceNet Mobile provides pricing in the palm of your hand

 

Florham Park, N.J. – 10 December, 2007. KSS, the global leading supplier of pricing analytics, execution and optimization systems to the petroleum, convenience store and retail industries, announced today that Ricker Oil has selected PriceNet Mobile to enhance its usage of the KSS PriceNet fuel pricing software. This unique software combination allows pricing decisions to be made “anywhere, anytime” via mobile devices

Ricker Oil has chosen PriceNet Mobile to improve its fuel pricing decision process for all of its convenience stores in North America. Timeliness and efficiency are key factors to providing the right prices to the right locations at the right time and, with PriceNet Mobile, pricing issues can be brought to their attention immediately and addressed accordingly

“PriceNet Mobile gives me the tools and ability to make pricing decisions from my Blackberry”, said Dennis Williamson, General Manager of Ricker Oil. “This addition to our existing pricing system enables me to respond faster, especially on weekends and while out of the office.”

KSS Chief Executive Officer Bob Stein says PriceNet Mobile has gained a lot of attention, especially at the recent NACS trade show. Like Ricker Oil, many companies seek more convenience, flexibility and faster response to market demands.

“Our launch of PriceNet Mobile captured the attention of numerous industry executives at the trade show, many of whom said they sought a mobile approach to price management and optimization,” said Stein. Of course, we are thrilled that Ricker Oil is expanding its usage of KSS PriceNet with PriceNet Mobile.”

PriceNet Mobile is pricing in the palm of your hand. Users can enter competitor prices and receive new price proposals in seconds, sent directly to their mobile device for approval and implementation. PriceNet Mobile users can also review key performance measures and receive exception-based alerts, e.g. volume running rate and margins below targets, no competitor survey for X hours, minimizing the delays in responding to market events and/or competitor price changes that can cost retailers in lost volume, margin or price image.

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