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FuelQuest's Fuel Management System (FMS) is the largest fuel management network in North America and provides FuelQuest customers with the best, most comprehensive, end-to-end fuel supply chain solution that lowers the cost of procurement and management of fuel. Fuel managers and procurement managers can better capture and minimize true fuel costs by understanding demand patterns, centralizing supply contracts, determining best price on market versus contract, and reconciling invoicing and taxes - all driving out costs from throughout the fuel supply chain.
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
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| Remote Monitoring |
Schedules polling events for fuel site tanks determining inventory levels and ullage
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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
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| Order Management |
Captures orders from any source, enables order entry, and tracks fuel orders across the supply chain
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| Strategic Sourcing |
Manages contracts and capitalizes on spot opportunities by evaluating product and transportation costs for each supply option
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| Dispatch/Carrier Management |
Evaluates, prioritizes, and delivers fuel loads based on optimal real-time inventory, price, and dispatch options
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| Transportation Scheduling |
Schedules fleet and common carriers for vendor-managed inventory and wholesale sites
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- Split Loads
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- Splash Blending
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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
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| 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
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| Invoice Reconciliation |
Automates and improves the accuracy and timeliness of supplier invoice payments
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| Freight Management |
Removes freight reconciliation processes and capture overcharges based on captured BOLs and delivery tickets
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| Tax Determination |
Maintains all state and federal rules and rates for accurate calculation of tax liability
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| 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
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Margin Analysis
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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
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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.
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)
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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.
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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.
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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.
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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.
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Learn more about the FuelQuest Fuel Management System and get a personalized demo. Request a demo today.
Our Customers Say:
"After performing a comprehensive review of our fuel program as part of our ongoing business strategy analysis, we moved quickly to solidify our long-term relationship with FuelQuest. We have been pleased with both the value we have received from FuelQuest's solutions and their willingness to collaborate as true partners to solve our fuel management challenges."
Brian Hannasch, Senior VP, Operations Couche-Tard
"FuelQuest's comprehensive, end-to-end approach to fuel management will limit our risk on a variety of levels. We look forward to the savings and operational efficiencies driven by our implementation of FuelQuest's FMS."
Mike McCarthy, VP, Operations Reid Petroleum Corp.
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