Private and public fleets, rail, bus lines, airlines, marine, and more require a consistent and affordable supply of fuel. With high volatility in fuel markets and fuel costs representing the second largest expense behind headcount, fuel buyers face great pressure to maintain predictability in their fuel spend and implement cost-saving measures. They also must ensure security of supply as fuel is the lifeblood of every one of these industries.
For many, lowering fuel costs can mean adopting a more centralized approach to fuel purchasing and management, moving further towards the rack (or even above it), or implementing sophisticated fuel buying programs. Each of these requires best practice expertise and technology not typically found in an organization.
How Does FuelQuest Help?
FuelQuest streamlines the end-to-end fuel management process from demand forecasting to order management to invoice reconciliation. FuelQuest replaces manual processes and heuristics with automation lowering fuel costs while maintaining security of supply. Organizations also gain access to a network of suppliers and distributors giving fuel buyers options on where and when they can most advantageously source fuel (e.g., buying contract versus spot).
FuelQuest transportation customers include such companies as BNSF Railway, Canal Barge Company, Delta Air Lines, FirstGroup, Union Pacific Railroad, and United Airlines.
Utilizing different FuelQuest products, customers gain:
- Reduced runouts, retains, and over- and under-payments
- Lower working capital requirements and fuel costs
- Streamlined procurement, delivery, and theft detection
- Increased visibility into and control over inventory
- Greater accuracy and reliability in regulatory compliance.
Integrating into all major back-office systems, FuelQuest offers Fuel Management System (FMS) to organizations who want to manage their fuel operations in house using our software and Fuel Center® for ones who want to outsource their entire fuel operations including technology and people. For transportation companies looking for cost-effective, easy to deploy fuel management solutions, FuelQuest offers its ForeSite family of products. All three have industry best practices built into the products and are supported by fuel experts who understand today's energy markets.
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.
What is ForeSiteTM SV?
ForeSite SV provides real-time, independent visibility into fuel management operations, allowing supervisors to monitor and ensure the accuracy and effectiveness of their replenishment plans.
To learn more, please visit our ForeSite SV page.
What is ForeSiteTM IC?
ForeSite IC helps fuel managers track inventory and resolve issues with theft, fraud, leakage, deliveries, dispensing equipment, and operational errors that cause inventory variances.
To learn more, please visit our ForeSite IC page.
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.