The retail division of the New York City-based company is implementing these KSS Fuels solutions to achieve process efficiencies and to improve performance through the enhanced use of data and analytics. Hess operates more than 1,360 stations and convenience [image-nocss] stores in 16 states along the east coast, from New Hampshire to Florida.
"Fuels marketers are constantly striving for improved business performance and there's no faster way to generate value than through pricing," said Bob Stein, president and CEO of KSS Fuels. "KSS Fuels' solutions and services enable fuel retailers to improve their own pricing performance, the fastest way to increase profit potential."
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. High levels of automation and an "exception-based" approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics and ensure the optimal price is generated to meet performance objectives, according to a KSS press release.
Pricing Performance Management (PPM) helps users of PriceNet and RackPrice fuel price management solutions ensure that they are receiving the maximum benefit from their software installations. PPM is also designed to help users manage pricing performance on an ongoing basis with insight from KSS Fuels' industry experts.
KSS Consulting offers a range of services aimed at guiding fuels retailers to maximum profitability. The company's consulting practice combines oil and gas expertise in strategy, business improvement and world-leading fuel pricing science. This proven framework for improvement, based on practical experience gained from helping organizations in diverse markets, provides sustainable performance gains for KSS clients.
Hess Corp. is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum, natural gas and electricity products.
Florham Park, N.J.-based KSS Fuels is a leading provider of pricing software, analytics and consulting services to fuel retailers and wholesalers in the oil & gas, convenience store, grocery and retail industries.
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