KSS (Florham Park, N.J.), a global leading supplier of fuels pricing analytics, execution and optimization systems to the oil and gas, convenience store, grocery and big-box retail industries, announced Gulf Oil Limited Partnership, a Massachusetts based wholesaler and distributor of petroleum products, has selected KSS RackPrice, PriceNet and Visualizer solutions.
Gulf Oil (Newton, Mass.) will use RackPrice to help manage fuel prices at its wholesale locations throughout the Northeastern United States and PriceNet to support pricing decisions for its dealer-operated retail locations.
RackPrice is an end-to-end wholesale pricing solution and includes modules for price generation automation, reporting/analysis, competitive price prediction, price-volume modeling and price optimization. The system will help Gulf Oil meet daily performance targets by improving its pricing processes and by responding more rapidly to market events.
PriceNet is a comprehensive pricing solution supporting the key tasks and stakeholders involved in pricing for dealer-operated outlets, from capturing critical contract details to the generation of dealer (or invoice) prices, via pricing rules, to consistent and timely price distribution.