- 24 Nov
J & H Family Stores Expands Use of PriceAdvantage Software to 40th Store
Fuel Pricing Software Supports Corporate Strategy and Demonstrates Measurable ROI
Colorado Springs, Colo., November 24, 2014 — PriceAdvantage, a fuel price management software company and division of Skyline Products, is announcing that J & H Family Stores, a division of J & H Oil Company has completed implementation of PriceAdvantage at its 40th store. J & H Family Stores uses PriceAdvantage to support and execute its fuel pricing strategy, including: gathering and analyzing competitive pricing data; instant access to real-time volumes, margins, and replacement costs; automated price changes to Gilbarco POS software and its gas price signs, and robust executive performance reports.
In business since 1969, J & H is a family owned and operated company that supplies fuel and lubricants to 100 retails sites, including its 40 company operated stores in western Michigan. J & H Family Stores began installing PriceAdvantage in January 2014 to support their overall pricing strategy, including increasing the speed at which competitive data is collected and analyzed, new prices are established and communicated to stores, and price change confirmation is communicated back to headquarters. J & H uses the PriceAdvantage hosted, or cloud-based option, which reduces upfront hardware and software costs and increases the speed at which the software is implemented. In addition, J &H leverages the PriceAdvantage mobile component which allows them to make fuel pricing decisions on-the-go from any mobile device or tablet.
The company reports that PriceAdvantage provides robust data regarding market and store performance, enabling them to immediately respond to market fluctuations. The price change processes, which previously took hours, now just take minutes to complete. “With PriceAdvantage, we are not pushed into a cookie-cutter approach to fuel pricing. My team can incorporate detailed business rules for each location which support our overall pricing strategy. The tool then provides additional pricing data which we use to validate our strategy. It simply works,” said Craig Hoppen, President of J & H Oil.
A division of Skyline Products, Inc., PriceAdvantage believes that fuel pricing excellence is both an art and a science, balancing the importance of economic models with human knowledge of outside variables. PriceAdvantage, with patented technology licensed exclusively to Skyline Products, helps dealer and company-owned convenience stores make the best, most informed fuel pricing decisions in less time by combining performance and competitive analysis with local area knowledge. PriceAdvantage offers the most complete end-to-end fuel price change execution software solution. The software automates the entire fuel pricing process from collecting competitive information, to performing sophisticated analysis for best price determination, to executing rapid speed-to-the-street price changes with price change confirmation feedback, all in a matter of minutes. Customers include: CST Brands, BJs, Rutter’s, Flyers Energy, Parker’s and more. Learn more about PriceAdvantage at www.sellmoregas.com.