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Petroleum retailers now have a guide on how to make market volatility work for them.
Manchester , UK – 19 June 2008 – KSS, the global leading supplier of pricing analytics, execution, and optimization systems to the petroleum industry, has released a new white paper for petroleum retailers.
The report, ‘Coping with Cost and Price Volatility’, discusses how to identify at what time and which retail sites to respond to market changes, gives tips for reacting efficiently, and highlights the importance of monitoring performance.
This comes at a time when fuels retailers worldwide are facing two major pricing challenges. The highest product costs in the history of the industry and cost volatility that can wipe out margins in a matter of hours. With increased consumer pressure to keep prices low, the result is a squeeze on margins that many fuels retailers have little experience of dealing with.
Mark Hawtin, VP business development at KSS, said: ‘KSS has worked alongside petroleum retailers worldwide for over 15 years. Our “Coping with Cost and Price Volatility” white paper aims to assist petroleum retailers during these turbulent times.’
Copies of the white paper are available by emailing info@kssg.com.
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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, N.J. and European headquarters are based in Manchester, U.K.
For further information please visit the KSS web site 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 questions, contact Roy G. Miller – Tel: +1 (903) 422 5117 or rmiller@rgmcomms.com
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New capabilities help fuels wholesalers cope more effectively with volatility and strike optimal supply-demand balance
Brookshire Grocery Co. has selected PriceNet, PriceNet Mobile, and KSS Visualizer to help improve and simplify the fuel pricing process for 80-plus retail stores across Texas, Louisiana, Arkansas, and Mississippi.
KSS announces its dual involvement at SAPPHIRE 2008 in Orlando and Berlin
KSS announces the release of the latest version of its PriceNet retail fuels price management and optimization system.
KSS is pleased to announce that it has received a tenth order for its PriceNet retail fuels pricing system under its global agreement with a major fuels supplier and marketer.
Mark Hawtin, VP Business Development takes leading role in downstream petroleum conference attracting over 200 delegates
PriceNet, PriceNet Mobile, and KSS Visualizer enhance the pricing decision process
PriceNet selected to reduce response times and highlight key performance issues
Gold Certified Partnership recognizes breadth and quality of KSS development skills as well as ensuring delivery of high quality products for customers
Fuel pricing decisions and process efficiency enhanced with PriceNet, PriceNet Mobile and KSS Visualizer
Manchester, 28 January 2008 Knowledge Support Systems (KSS) Limited, the leading global supplier of wholesale and retail fuels price management and optimisation software, announced today that its RackPrice and PriceNet applications have become SAP-endorsed business solutions.