FLORHAM PARK, N.J. -- KSS, a provider of retail and wholesale pricing automation and optimization solutions, said it has been invited to join the recently announced SAP Industry Value Network (IVN) for oil and gas as an Independent Software Vendor member. This follows the recent certification of its RackPrice wholesale fuels pricing application on the SAP NetWeaver platform.
The SAP Industry Value Network for oil and gas brings together a select group of key, independent software vendors, systems integrators and technology vendors with SAP and executives [image-nocss] from 17 oil and gas companies representing major integrated, large national and midsize thought leaders, including Conoco Phillips, Holly, Petrobras, Shell, Statoil, Tesoro and Valero. The IVN will address the most pressing industry business challenges by accelerating the solution innovations the industry needs and leveraging investments in SAP and partner solutions to optimize asset utilization and lower IT investment risk.
Through its' PriceNet retail fuels and RackPrice wholesale fuels pricing applications, KSS will work with other members of the IVN to provide fully integrated solutions for price optimization and margin management for the downstream hydrocarbon supply chain. By delivering pre-integrated, standard, end-to-end solutions and services based on the SAP NetWeaver platform, customers can avoid costly integration projects.
We are delighted to be a member of the IVN and to focus on the key industry challenges in collaboration with SAP, oil and gas companies and other key technology providers to rapidly deliver the innovative and integrated pricing solutions customers need, said Mark Hawtin, vice president business development for KSS.
KSS PriceNet provides retail fuels price automation and optimization to help retailers more effectively manage pricing to consistently achieve volume and profit goals by site, by grade, and by day. KSS RackPrice automates the pricing process and applies advanced decision support capabilities to help wholesale fuels suppliers control price volatility, deliver more ratable volume and optimize margin performance.
The company supplies comprehensive pricing intelligence, optimization and execution solutions to the convenience retail, grocery, chain drug and petroleum industries. KSS software is available as an on-site, fully integrated system configured by experienced consultants from U.S. headquarters in Florham Park, N.J., and European headquarters in Manchester, U.K.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.