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PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing, from capturing field-based intelligence at the site level to the generation of price proposals, via comprehensive pricing rules or price optimization, to consistent and timely implementation. 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, the company said.
"Ricker Oil has been a longstanding partner, and we're eager to help them continue their company growth," said Bob Stein, KSS chief executive officer and president. "Our PriceNet solution will help Ricker quickly evaluate the competitive pricing landscape for each store; make informed pricing decisions; and swiftly implement new prices."
The Ricker Oil and KSS partnership began in early-2006, when Ricker selected and installed KSS' PriceNet software. The companies expanded their partnership in 2007, when Ricker Oil deployed KSS' PriceNet Mobile, enabling mobile price management across the chain.
KSS is the global leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big box retail industries. KSS clients include global, national and regional companies managing more than $175 billion in revenue through more than 24.000 fuel sites and rack terminals throughout the world. KSS U.S. headquarters are located in Florham Park, N.J., and European headquarters are based in Manchester, U.K.
Ricker Oil, based in Anderson, Ind., operates 30 c-stores and petroleum marketing retail locations in Indiana, as well as a petroleum distributorship and other enterprises.
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