Fuel cost volatility is an anathema for private and government fleets striving to meet financial and operational goals. With fuel typically the second highest expense item after headcount, fleet operators face many challenges regaining predictability in their fuel spend. These challenges include:
- Ensuring security of supply so that fuel is available when and where it is needed
- Remaining competitive or meeting service obligations
- Streamlining operations in the face of decentralized fuel purchasing and management
- Non-optimized supply portfolios.
These are daunting challenges in a volatile and unpredictable fuel market - made worse when prices are also rising. Fleet operators do have multiple options in terms of affecting consumption to reduce their spend, but few when it comes to diminishing the impact of volatility and gaining significant fuel cost savings.
How Does FuelQuest Help?
FuelQuest provides software and services that drive down costs and minimize the impact of price volatility by enabling centralized fuel management; more advantaged, strategic supply relationships; and critical process automation. With FuelQuest, fleet operators attain greater operational and budgetary predictability as well as ensure their fleets stay on the road.
FuelQuest's experience, best practices, and technology assist fleet operators such as Carmeuse, C.R. England, FedEx Ground, FirstGroup, Swift Transportation, UPS, and YRC Worldwide to optimize the procurement and management of fuel. With FuelQuest, fleets gain:
- Reduced run-outs, retains, and invoice under- & over-payments
- Centralized, transparent, and lowest-cost fuel procurement
- Optimized fuel inventories, security of supply, and lower working capital requirements
- Streamlined delivery and theft detection
- Access to industry best practices across all fuel management areas.
To achieve these benefits, FuelQuest offers fleets two options - Fuel Center®, an outsourced fuel management service, and Fuel Management System (FMS), a fuel management automation software product.
What Is Fuel Center?
Fuel Center is an outsourced fuel management service that typically provides 4-6 cents per gallon in savings to customers by optimizing and directing all fuel management activities - from supplier and distributor selection to order management to invoice reconciliation. With its team of fuel experts and industry-leading fuel management software, Fuel Center enables a supplier-independent fuel procurement and management strategy.
For retailers and fleet operators who are unsure whether their fuel management operations are optimized for today's fuel markets, Fuel Center also provides an in-depth spend and benchmark analysis service. Fuel Center determines how your operations stand against the rest of the industry and whether there are fuel savings opportunities. To learn more, please visit our Fuel Center page.
What Is Fuel Management System (FMS)?
Fuel Management System is Software as a Service (SaaS) based product that automates all aspects of the fuel management process providing demand forecasting, inventory management, order management, dispatching, environmental compliance, invoice reconciliation, and more so customers can gain greater control and visibility over fuel as well as reduced fuel expenses. FMS powers the largest bulk fuel management network in the world and is in use by retailers and distributors - both small and large. To learn more, please visit our Fuel Management System page.