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KSS announces new licensee for RackPrice wholesale fuels pricing system

 

Independent US refiner licenses KSS RackPrice system

Florham Park, N.J.–July 23, 2007––KSS, the global leading provider of retail and wholesale fuels price automation and optimization systems, announced today that an independent US refiner has licensed the KSS RackPrice system to help manage the pricing of its refined fuels products.

“We are delighted to announce another significant addition to our growing RackPrice client base. This latest win is significant to us in that the client did not require any upfront testing or piloting before making the decision to license. We have already commenced the implementation and look forward to helping the client truly understand, and take benefit from, the complex dynamics and volatility of wholesale fuels pricing,” said Bob Stein, Chief Executive of KSS’ fuels group.

KSS RackPrice is a comprehensive wholesale and commercial fuels pricing system designed to combine pricing analyst expertise with a robust, highly efficient process workflow to generate margin-maximizing prices. With a suite of analytical tools, including competitor price prediction, demand forecasting and price optimization, RackPrice provides deep insight into market and competitor dynamics as the basis for more effective pricing decisions.

 

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