CARLISLE, Pa. -- Giant-Carlisle, a subsidiary of Ahold USA, has selected KSS Inc.'s PriceNet, PriceNet Mobile and Visualizer solutions to manage fuel pricing for 61 Giant Food Store fuel locations across Pennsylvania, Maryland, Virginia and West Virginia.
PriceNet is an end-to-end pricing solution supporting 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 [image-nocss] 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.
With PriceNet Mobile, users can enter competitor prices and receive new price proposals in seconds that are sent directly to their mobile device for approval and implementation. PriceNet Mobile users also can review key performance measures and receive exception-based performance alerts, minimizing the delays in responding to market events and/or competitor price changes that can cost retailers lost volume, margin or price image.
KSS Visualizer is a Web-based data visualization tool that gives retailers and wholesalers central visibility of their fuel operations at any level - from the entire enterprise to a store-by-store basis. The software helps users easily track individual store performance against pre-determined goals, thus providing the information needed to make quick business decisions. It also quickly draws attention to significant changes in key performance measures such as volume, running rates, margins, competitor price position and more.
"In today's fuel environment, it's vital to have accurate and reliable information at our fingertips to make important, competitive business decisions as market conditions change," said Todd Patti, vice president for general merchandise, health & beauty care, and fuel at Giant Food Stores. "The PriceNet, PriceNet Mobile and Visualizer software from KSS provides the flexibility we need to create a responsive fuel pricing process that we can monitor and adjust as needed."
Bob Stein, KSS CEO and president, added, "As the oil market and gas prices remain volatile, it's important that retailers like Giant Food Stores have a system in place that can flexibly and reliably track, change and optimize fuel prices."
Carlisle, Pa.-based Giant Food Stores LLC currently operates supermarkets under the Giant Food Stores, Martin's Food Markets and FoodSource names.
KSS is a 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 $100 billion in revenue through more than 20,000 fuel sites and rack terminals throughout the world. KSS US headquarters is located in Florham Park, N.J., and European headquarters is 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.