Flexibility and Insight Ensure
Continuation of Operations. FuelQuest, Inc., the leading on-demand software and services company for the downstream energy industry, today highlights the importance of optimising the petroleum supply chain. With the recent demonstrations at Chevron refinery at Pembroke Dock, Murco refinery in Milford Haven and the Shell driver's strike, retailers need up-to-date intelligence on their fuel stock levels.
Fuel price volatility has reached record heights over the past few months, adding further pressure on retailers to adapt to the new landscapes whilst contending with supply challenges. Retailers are faced with the challenge to control the tide of higher costs and decreasing margins, whilst managing the fuel supply chain to avoid stock outs and maintain efficient deliveries.
With the recent refinery closures of Grangemouth, the demonstrations at both the Pembroke Dock and Milford Haven refineries and the Shell driver's strike places uncertainty on retailers and further highlights the need for solutions such as FuelQuests' Fuel Management Software (FMS). FMS is the industry's leading supply chain management solution for suppliers, distributors and buyers of motor fuels. The application, available globally, is unique in its breadth by covering the entire supply chain from the fuel storage tank to the rack and back. While being available to companies of various sizes, this innovative solution has been driven by the world's premier supply chain and energy companies.
“Strikes and protests such as we have seen recently can have a significant impact on the fuel supply chain. Retailers are effected by incidents such as these and need tools to enable them to better manage the supply chain process,” says FuelQuest's European Director, Tim Napper. “FMS allows retailers to know their stock levels in real time and have the required intelligence at their fingertips. It allows them to make changes to the supply chain on the fly and react to situations such as strikes or refinery closures.”
“With FuelQuest we have enjoyed a seamless transition in bringing additional locations online and we remain committed to streamlining the process even further in the future,” says Circle K Fuel Distribution Manager Charley Young. “The FMS solution delivers transparency into our fuel category and enables us to integrate multiple business processes as we strive to enhance each customer's Circle K shopping experience.”
FuelQuest provides on-demand, web-based supply chain management and tax automation technologies for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest solutions help customers manage the complexity, regulation, and market volatility of billions of litres of unleaded and diesel fuel annually. ZyTax solutions process tens of billions of dollars of motor fuels excise taxes per year. FuelQuest has offices in Houston, Texas and Manchester, England. To find out more visit www.fuelquest.com