Hess to Implement Fuel Price Management Solution
FLORHAM PARK, N.J. -- Hess, one of the leading independent gasoline-convenience retailers on the East Coast, has selected a suite of products and services from KSS Fuels to provide day-to-day fuel price management and optimization. Hess will utilize PriceNet, Pricing Performance Management and KSS Fuels consulting services.
The retail division of the New York City-based company is implementing these KSS Fuels solutions in order to achieve process efficiencies and to improve performance through the enhanced use of data and analytics. Hess operates more than 1,360 stations and convenience stores in 16 states along the east coast, from New Hampshire to Florida.
"Fuels marketers are constantly striving for improved business performance and there’s no faster way to generate value than through pricing," said Bob Stein, president and CEO of KSS Fuels.
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. High levels of automation 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 and ensure the optimal price is generated to meet performance objectives.
Pricing Performance Management (PPM) helps users of PriceNet and RackPrice fuel price management solutions ensure that they are receiving the maximum benefit from their software installations. PPM is also designed to help users manage pricing performance on an ongoing basis with insight from KSS Fuels’ industry experts.