KSS Releases PriceNet Dealer Pricing
Delivers more efficient pricing and contract management for fuels wholesalers and jobbers
Florham Park, NJ – Oct. 21, 2008 – KSS, the global leading supplier of fuels pricing analytics, execution, and optimization systems to the oil & gas, convenience store, grocery and big box retail industries, today announced the release of PriceNet Dealer Pricing, an extension to its core PriceNet price management system.
PriceNet Dealer Pricing supports wholesale distributors and jobbers supplying dealers by helping them to consistently and accurately generate fuels supply prices, according to pre-defined contract terms and current market conditions. To stay in-touch with, and rapidly respond to, key changes in competitor prices, replacement costs and other pricing triggers PriceNet Dealer Pricing provides an automated price generation platform, leaving analysts to deal with exceptions. With key contract data held within the system as pricing rules, operators can be assured that they are compliant with agreed terms as well as being notified of significant milestones such as contract renewal dates, thus minimizing price disputes and enhancing relations with their dealer customers.
Straightforward integration with existing systems allows for new price proposals to be sent directly to dealers via email, fax, dedicated web portal or other communication mechanisms. A full suite of business intelligence tools and customizable reports ensures fuels suppliers can continuously monitor contract compliance and other key performance indicators.
“PriceNet Dealer Pricing is a valuable addition to our core retail fuels pricing application and is aimed at reinforcing the relationship between suppliers and their dealers by ensuring both parties comply with their agreements and prices are accurately and swiftly implemented in response to market volatility,” said Bob Stein, KSS chief executive officer and president.
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