Overview

FMS is not only the most comprehensive fuel management network available but is also the most flexible. With product modules that address different parts of the supply chain, such as fuel inventory management, FMS enables customers to use the functionality they need most at the moment they need it. Additional modules can be activated to meet customers' expanding needs.

The FMS modules are complementary and gain incremental benefits by working together throughout the supply chain. FMS modules and strategic partnerships represent the entire fuel supply chain. Some features of FMS include:

Inventory Management:

Inventory Management	Optimizes inventory levels leveraging tank and delivery information
Remote Monitoring	Schedules polling events for fuel site tanks determining inventory levels and ullage

 

Environmental Compliance:

Environmental Compliance	Monitors compliance requirements and delivers real-time alerts
Alarm Management	Captures and triages site alarms dispatching the qualified technicians when necessary and driving regulatory compliance

Demand Fulfillment:

Demand Forecasting	Utilizes historical demand patterns to determine optimal replenishment amounts and timing
Order Management	Captures orders from any source, enables order entry, and tracks fuel orders across the supply chain
Strategic Sourcing	Manages contracts and capitalizes on spot opportunities by evaluating product and transportation costs for each supply option
Dispatch/Carrier Management	Evaluates, prioritizes, and delivers fuel loads based on optimal real-time inventory, price, and dispatch options
Transportation Scheduling	Schedules fleet and common carriers for vendor-managed inventory and wholesale sites
- Split Loads
- Splash Blending	Automates the tracking of ethanol gallons with RINS

 

Financial Management:

Price Management	Simplifies collection and calculation of contract, spot, and delivered prices for all sourcing options as well as reconciles suppliers invoiced price
Delivery / Order / BOL Receipt	Interfaces with supply terminals and business partners to update purchase orders with BOLs and delivery tickets (full and split load deliveries and multi-terminal lifting) and ensures accuracy of inventory life cycle from product order to delivery and receipt
Invoice Reconciliation	Automates and improves the accuracy and timeliness of supplier invoice payments
Freight Management	Removes freight reconciliation processes and capture overcharges based on captured BOLs and delivery tickets
Tax Determination	Maintains all state and federal rules and rates for accurate calculation of tax liability
Delivery Reconciliation	Automates verification of physical delivery to each site; records delivery information from driver; and automatically compares the delivery to the site's gauge
Margin Analysis	Allocates all delivery costs (taxes on supplier's invoice, product costs, freight, and tax liability) to each site by product grade to determine the true net landed cost of fuel

 

Enterprise System Integration:
FuelQuest has strategic relationships with most of the enterprise systems used by businesses today to ensure seamless integration into the back-office systems companies rely upon to manage the fuel supply chain. These include:

• SAP ERP
• Oracle Financials
• Great Plains
• JD Edwards
• PDI
• PeopleSoft
• Factor
• AIMS.

If there is a legacy system in place that was developed in-house by a customer, FuelQuest's development team will work around the clock to address any integration issues and work towards seamlessly bringing the customer online with FMS.

Benefits

With FMS, customers can expect the following:

• Reduced fuel costs
• Reduced operating costs
• Improved security of supply
• Increased sourcing capabilities
• Enhanced visibility into fuel inventory
• Improved predictability and control in the acquisition and management of fuel
• Increased understanding of demand patterns (fluctuation in peak and low needs, etc.)
• Added integration into existing enterprise systems (ie. SAP, Oracle Financial, JD Edwards, Great Plains)

Related Indutries

	Retail Convenience stores, retail fuel operators and supermarkets face an increasingly volatile fuel market, making it difficult to maintain fuel margins and provide predictability of operating costs.   Read more
	Fleet Impacted by volatile fuel prices, fleet operators are realizing growth in fuel costs to over 30 percent of their overall capital expenditures - this dramatic growth is causing headaches for managing their complex supply chain that requires a constant supply of fuel to keep their trucks on the road.   Read more
	Transportation For transportation companies such as airlines, rail, and marine operations, a consistent and affordable supply of fuel is critical to their businesses. The volatile fuel market makes running these operations challenging and fuel buyers are under pressures to ensure security of supply while staying within budget.   Read more
	Carriers FuelQuest is committed to driving out unnecessary costs and increasing efficiencies across the fuel supply chain. Interaction between common carriers, retailers and commercial and industrial users of fuel is one of the most important links in the chain.   Read more

 

Request a Demo

Learn more about the FuelQuest Fuel Management System and get a personalized demo. Request a demo today.