7-Eleven, FuelQuest Sign Five-Year Deal
DALLAS -- 7-Eleven and FuelQuest have signed a new five-year agreement. With the pact, the nation's largest convenience store chain will continue to use FuelQuest Fuel Management System (FMS) to automate fuel procurement and delivery, as well as deploy ForeSite SV to monitor fuel replenishment execution for more than 2,500 carrier-supported sites.
"FuelQuest has been an important solution provider for 7-Eleven for several years," said Doug Rosencrans, vice president, gasoline operations at 7-Eleven. "The company has generated significant value in our fuel operations and has a track record of innovation within the industry. We consider FuelQuest a strategic partner and critical to the continued growth of our business. This is why we are continuing our relationship with them as well as expanding our use of their products and services with ForeSite SV."
FuelQuest powers the largest bulk fuel management network in North America, providing its customers with a solution that lowers the cost of procuring, managing and accounting for fuel, the company noted. FMS will continue to streamline 7-Eleven's fuel operations enabling fewer run-outs and retains through frequent, automated polling and just-in-time inventory replenishment; lower working capital requirements via optimized fuel inventory levels; and reduced overall fuel costs through automated inventory and financial management.
FuelQuest introduced ForeSite SV in July. It gives fuel buyers real-time visibility into the accuracy and effectiveness of replenishment plan execution. 7-Eleven has been an earlier adopter of this, as well as several other FuelQuest solutions such as FMS, Zytax Compliance and Alarm Management Services (AMS).