by John Keller | Oct 16, 2009 | Customer News, Fuel Price Management, Fuel Price Optimization
Skyline Products has recently completed a pilot program, using patent pending PriceAdvantageTM software to help Sheetz reduce costs and markedly increase available customer selling time.
Mark Wilson, Director of Store Support for Sheetz, was able to achieve these results with Skyline’s patent pending PriceAdvantage software. Wilson piloted the software in 10 stores and changed only two things: 1) the ability to manage and reset electronic price signs remotely from headquarters or from within the store, and 2) the ability to remotely manage prices on the electronic price signs.
These two improvements translated into forecasted annual savings of $141,000 in service maintenance, and will increase available store manager face time with customers by up to 50 hours annually per store, across 360 stores.
“The software gave us all of that in a usable, understandable, teachable and trainable package,” Wilson says. “The smarter the systems are that we place in the stores, the better information we have at headquarters. That’s what we look for in technology today. “
“This is just one example of the tremendous return on investment that we see our customers experiencing regularly with PriceAdvantage. The payback time for the software is short, and the benefits drive directly to top line revenue and profitability.” said Greg Stadjuhar, Vice President of Sales and Marketing for Skyline Products.
Future plans at Sheetz include expanding the pilot program across all 360 stores, and integrating technologies which will allow headquarters to remotely update fuel pricing in the field at the POS, the pump, and the Skyline Electronic Price Display—all from their desktop computer, laptop, or handheld device.
by John Keller | Aug 18, 2009 | Fuel Price Management Solutions, Fuel Price Optimization
Skyline Products, long known for its high-quality electronic price displays and fuel price optimization and execution software, announces the addition of its newest Value Added Reseller for PriceAdvantage™, Radiant Systems of Alpharetta, GA.
“Using PriceAdvantage, our joint customers can remotely execute their fuel pricing strategy all the way down to the POS,” said Greg Stadjuhar, vice president of sales and marketing for Skyline Products. “. According to OPIS, the average retailer changes fuel prices four or more times per week. PriceAdvantage provides petroleum marketers the ability to instantly react to competitive market changes from anywhere and confirm—with absolute certainty—that the changes occurred.”
The patent-pending software allows petroleum marketers at corporate headquarters to remotely update fuel pricing in the field at the POS system, the pump, and the Skyline Electronic Price Display—all from their computer, laptop, and PDA.
“Centralized management has always been a key component of the Radiant solution,” said Jimmy Frangis, vice president of petroleum and convenience retail for Radiant Systems. “Bringing centralized fuel price management to our customers just made sense. With our relationship with Skyline customers can grow fuel revenue and save managers and other store operations professional’s time. PriceAdvantage customers see a tremendous return on investment in labor savings, recaptured margin and increased fuel volume.”
PriceAdvantage automates the three major components of a typical fuel-pricing process: competitive data collection, analysis, and price implementation at the store. Competitive price changes are available real-time via electronic updates from each store, third-party data sources, like OPIS; or back-office imports. Fuel managers can set up strategic pricing rules against which new competitive data is evaluated against volume and margin performance. Updates to fuel pricing can then be sent instantly to the site’s Radiant POS system, the dispenser, and the Skyline Electronic Price Display—freeing store managers to focus on customer service. By integrating with back-office accounting systems, like PDI, PriceAdvantage also includes easy-to-use pricing analysis tools to enable the pricing managers to determine price points at which store profitability is maximized.
