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PriceNet

Analytics, rules-based pricing and price optimization for retail fuels

If, like other fuels retailers, you're looking to meet volume targets at the highest achievable margin, KSS can help you.

PriceNet can help you identify each site's main competition, by grade, make more informed pricing decisions and then quickily implement new prices throughout your network.

PriceNet enables clients to:

Achieve financial goals

Maximize gross profit and meet volume targets - without affecting price image
Grow volume while minimizing margin loss

Improve operational efficiencies

React quicker to market changes
Deal with new entrants without making target sacrifices
Validate your pricing policy against volume and margin goals and test changes before implementing
Achieve consistency across the network with zero pricing errors
Introduce pricing flexibility to capitalize on each site's unique sensitivities
Streamline your IT structure by integrating with your existing systems using standard interfaces, lowering maintenance efforts and minimizing total cost of ownership

Advance market intelligence

Apply pricing-specific business intelligence tools to gain unique market, competitor and customer insight
Quantify competitor strength by grade and site
Continuously monitor performance, highlight low performing sites and respond quickly
Evaluate each site with comprehensive reporting and analysis

Ensure regulatory compliance

Apply appropriate controls, authorizations and approvals
Incorporate pricing-specific legislation as additional price rules (e.g. state of emergency)
Maintain audit trails for every price decision
Library of compliance reports to monitor and report when necessary

For more information simply email info@kssg.com or call your local office.

"PriceNet is a user friendly program that has been extremely helpful in our day to day fuel pricing practices. The overall process combined with the science and math work together, quite well, to generate viable pricing strategies. The checks and balances the system provides offer piece of mind around knowing pricing gets executed in a timely and effective manner. Simply stated; any condition affecting pricing that is outside of your own set of previously determined parameters is monitored and captured in PriceNet allowing you to properly assess and respond to the condition. PriceNet also keeps you up to date on performance and volume goals by tracking sales performance and run rate (volume versus plan ) across multiple periods."

Rick Hamilton, VP Operations, TriStar

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