RaceTrac has selected Vontier’s Invenco by GVR asset management system to use in the forecourt at its more than 800 convenience stores representing the RaceTrac and RaceWay brands in 13 states.
The cloud-based solution will remotely manage RaceTrac’s forecourt assets, maximizing operational and cost efficiency.
RaceTrac is No. 17 on CSP’s 2024 Top 202 ranking of convenience-store chains by store count. RaceWay is No. 35.
"RaceTrac’s mission is to ensure our on-the-go guests enjoy a frictionless and positive fueling experience,” said Brian Nay, Atlanta-based RaceTrac’s director of field services. “Invenco’s asset management helps us deliver a very high level of reliability and consistency, which directly impacts our bottom line by maximizing sales opportunities and building customer loyalty.”
Invenco’s forecourt asset management centralizes and simplifies site management by offering a cloud-based dashboard for real-time access. It remotely manages forecourt equipment to maximize uptime and reduce the need for on-site repairs. RaceTrac leverages asset management to deploy over-the-air updates, reduce unexpected costs through preventative maintenance, prevent fuel theft and implement remote fixes.
"We avoided 10,000 truck rolls last year,” said Nay. “That's a big number when you think about what it costs to send out a vendor. This not only reduces operational expenses, but also ensures that problems are addressed quickly, keeping our equipment running smoothly and reliably. In addition, by monitoring this data, we can identify potential issues before they become major problems, ensuring that our operations run efficiently and reducing unexpected repair costs.”
Unlike traditional systems, this remote management solution is a cloud-based platform that also includes Application Programming Interfaces (APIs), enabling integration with Invenco’s, RaceTrac’s and other third-party hardware, software and services. APIs enable the automation of work orders, significantly reducing the need for manual intervention.
"Fifty-nine percent of all work orders are created automatically," said Nay. "This automation leads to improved accuracy and faster issue resolution, allowing our team to focus on more strategic tasks, further enhancing operational efficiency."
Vontier Corp., Raleigh, North Carolina, provides technologies and solutions to connect, manage and scale the mobility ecosystem.
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