"We require a solution to centralize our fleet scheduling for inventory managed stores and dealers as part of our overall fuel strategy" said Greg Scott, vice president of petroleum distribution and rack origination. "[image-nocss] FMS allows our dealers to place orders online and automates replenishment planning for both low volume and high volume inventory managed sites, increasing dispatcher efficiency while reducing our unplanned splits."
David Banks, Cumberland Gulf Group's chief information officer, added, "With an ever-increasing internal demand for IT support and development resources, our ability to leverage and extend FuelQuest's FMS platform, best practices and experienced team makes good business sense."
Cumberland Gulf Group will leverage key capabilities within FMS to centrally manage disparate sites across the East Coast and streamline operations to reduce costs and protect fuel margins.
With FMS in place, Cumberland Gulf Group will be able to:
Maintain accurate inventory management and demand forecasting to optimize working capital. Optimize fuel holding strategy; maintaining low secondary products supply. Decrease number of unplanned split loads, retains and run-outs. Minimize the cost of procuring and managing fuel prior to sale. FuelQuest's FMS is the most comprehensive, end-to-end supply chain solution focused on reducing the cost of procuring, managing and accounting for bulk fuel. FMS powers the largest fuel management network in North America with more than 15 billion gallons managed annually.
"Cumberland Gulf Group has a stated commitment to drive supply chain efficiencies and we are very pleased to be their partner to help execute this strategy," said Matt Tormollen, president and CEO, Houston-based FuelQuest Inc. "By combining Cumberland's expertise with FuelQuest's...fuel management solution and best practices, we can optimize working capital and consistently drive down costs within the distribution network."
Framingham, Mass.-based Cumberland Farms' network of retail stores, gas stations and a support system including petroleum and grocery distribution operations spans 11 states across the Northeast and Florida, making it the largest convenience store and petroleum marketer in the Northeast.
Gulf Oil LP is one of the Northeast's largest wholesalers of refined petroleum products. Gulf distributes motor fuels through a network of more than 1,800 Gulf-branded gasoline retail centers, 12 proprietary oil terminals and a network of more than 50 other supply terminals. It supplies heating oil, diesel fuel, jet fuel and kerosene to these branded retail outlets through both its Gulf brand and, in the seven states of New England and New York, the Exxon brand.
FuelQuest's FMS automates all aspects of the fuel management process from procurement, inventory management, demand forecasting, strategic sourcing and financial reconciliation to margin analysis and environmental compliance monitoring. The FMS solution powers the largest fuel management network in North America with more than 15 billion gallons managed annually. Zytax supplies strategic software automation solutions for indirect tax determination and excise motor fuels compliance for the energy industry. Zytax processes billions of dollars of motor fuel excise taxes per year.
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