Technology/Services

Fuel Managers Inc. Leverages DTN Fuel Buyer

Technology will help wholesaler strengthen fuel buying decisions

TULSA, Okla. -- Fuel Managers Inc. (FMI), a wholesale petroleum supplier offering fuel management, compliance management and fleet card services, has selected DTN Fuel Buyer to support its mission of improving efficiencies to impact customer profitability. FMI operates in more than 30 states nationwide. Its supply division provides all motor fuel products including gasoline, diesel fuels, jet fuels, aviation gasoline and other specialty products.

With multiple seats of DTN Fuel Buyer, employees across the FMI organization have dashboard access to posted rack prices; mid-day price alerts; [image-nocss] real-time indexes; automatically-generated contract and discounted prices; spot market tickers tracing gasoline and heating oil; along with rack lows and averages. DTN Fuel Buyer analysis tools and market-shaping news helps FMI employees quickly evaluate fuel buying decisions for customers enrolled in its Total Fuel Management program.

"DTN Fuel Buyer is a critical component of our market intelligence arsenal," said Jamey Hess, director information technology for Tulsa, Okla.-based FMI. "Our systems pull in more than 8,500 fuel prices across the nation on a daily basis. We rely on DTN to supply real-time price discovery and analysis tools, so we're able to source product at the best possible price."

DTN Fuel Buyer is a convenient fuel price dashboard offering integrated rack, rules-based contract and discounted fuel prices that are automatically generated to help achieve optimal fuel margins in a turbulent marketplace. FMI can access every scenario of real-time rack and contract prices with discounts to make the most profitable fuel buying decisions. DTN Fuel Buyer delivers centralized control for accurate billing and reconciliation of special deals and contract pricing. New price exports reduce errors and costly credit re-bills to customers. Administrators can select which prices to download and can even re-process prices when there are "day deal" price discounts.

In addition to fuel supply and fleet services, Fuel Managers provides a variety of fuel management services including inventory management, supply chain management, market risk management, transportation logistics, environmental, risk management and customer loyalty programs to its broad base of retail, commercial and government clients.

DTN, Omaha, Neb., is a major business information services company focused on agricultural, energy and weather business markets. The company delivers business critical information to more than 700,000 subscribers across its vertical markets.

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