Real-Time, Map-Based Fuel Management for Fuel Retailers and Distributors
HOUSTON -- (March 29, 2010) -- FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, announced today the release of ForeSite, an innovative, map-based fuel inventory management solution that deploys in a single day.
Offering real-time views of inventory across multiple sites, ForeSite gives retailers control and visibility over their fuel inventory, reducing runouts and retains as well as optimizing fuel purchasing decisions. Distributors gain a competitive edge by providing higher service levels and transparency when managing the fuel of their customers.
Key features include:
- Inventory Monitoring - Real-time inventory status and forecasting with automated data capture
- Exception Indicators - Early warning indicators of non-compliant inventory conditions
- Geographical Mapping - Map-based view of fuel inventories and suppliers
- OnboardNow - Single-day deployment with minimal effort, infrastructure, or maintenance.
"Volatile fuel prices continue to affect fuel retailer profit margins. Distributors face a growing competitive environment and are eager for ways to enhance their service offering. ForeSite helps each take control of replenishment activities and immediately drive operational improvements," said David Zahn, FuelQuest's Vice President of Marketing.
"ForeSite's real-time, map-based view is a simple, but powerful way to manage inventory. In seconds, I can tell which sites require fuel delivery based on forecasts," said Joe Weber, Fuel Procurement Specialist at Hy-Vee. "It's another example of FuelQuest's innovative use of technology to streamline and optimize fuel inventory management."
FuelQuest will feature ForeSite in its Technology Showcase at Grail, FuelQuest's user conference in Austin, Texas, March 31- April 1.
Availability ForeSite is available now. Information is available at http://www.fuelquest.com/products-services/foresite.
About FuelQuest FuelQuest provides on-demand supply chain management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 15 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. Find out more online at www.fuelquest.com.
Media Inquiries: Allison McNulty FuelQuest, Inc. (713) 222-5742
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