It will use FMS to automate fuel inventory forecasting, planning, ordering and delivery across the store network, reducing operating costs and increasing fuel margins.
"To better address rising fuel costs and remain competitive in our regional markets, we must [image-nocss] optimize how we manage our fuel operations," said Bill Kent, Kent Oil's president. "FuelQuest provides automation and industry expertise via FMS that will help us meet our goals and ultimately better serve our customers with more competitively priced fuel."
FMS powers the largest bulk fuel management network in North America providing FuelQuest customers with an end-to-end solution that lowers the cost of procuring, managing, and accounting for fuel. FMS will streamline Kent Oil's fuel operations enabling:
Fewer run-outs and retains through just-in-time inventory management. Lower working capital requirements by optimizing fuel inventory levels. Reduced overall fuel costs with automated procurement, order, and delivery management. "Kent Oil is a great example of how a mid-market business has chosen to compete as effectively as large multinational ones through optimized fuel management," said Matt Tormollen, president and CEO of FuelQuest.
FuelQuest, Houston, provides on-demand, web-based supply chain management and tax automation software and services for fuel suppliers, distributors and buyers in global downstream energy. Its Fuel Management System (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. Zytax supplies strategic software automation solutions for indirect tax determination and excise motor fuels compliance for the energy industry.
Kent Oil, founded in 1957, is part of the Kent Cos., a family of companies that has grown to include Kent Lubrication Centers, Arizona Kent Lubrication Centers Inc., Professional Lube Management Inc., Wescon Management Group Inc., K F Financial LLC, Kent Tire Co. and Team Kent Motorsports.
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.