by John Keller | Nov 16, 2011 | Fuel Price Management Solutions, Industry News, PriceAdvantage
PriceAdvantage, a division of Skyline Products, announced today that CEFCO Convenience Stores has added 71 sites to its ongoing partnership. The new sites will be implementing PriceAdvantage, a fuel price management solution that has proven to be invaluable to CEFCO, across its network. The new sites are in Texas, Louisiana, Arkansas, and Mississippi.
“PriceAdvantage has increased our efficiency across the fuel pricing process but most significantly in the time it takes us to price our 194 sites”, says Brett Giesick, Chief Retail Officer of CEFCO Convenience Stores. “We have found that it takes us only 1-2 hours to complete price changes across the network, including updates to the POS, pump and electronic price signs. So naturally it was an easy decision to include the additional new sites in our partnership with Skyline.”
Aaron McHugh, Head of PriceAdvantage division, adds “We are elated that CEFCO has seen such an improvement in their fuel pricing process with PriceAdvantage, and we’re excited to be a part of their success.”
PriceAdvantage is a highly specialized retail fuel pricing solution for the Convenience Store industry, designed to increase the efficiency and effectiveness of a retailer’s pricing process. PriceAdvantage provides automation for the entire fuel pricing process, from collection of competitive surveys, to efficient and detailed analysis for best price determination, to rapid speed-to-the-street price change execution. The ability to change prices immediately at the POS, fuel pumps and electronic price signs from the centralized headquarters location with one click makes the solution unique in the industry.
by John Keller | Nov 1, 2011 | Customer News, Fuel Pricing Software, PriceAdvantage
Valero Retail Holdings, Inc., Valero Energy Corporation’s network of company-owned stores, has selected PriceAdvantage Fuel Price Management Software to manage and control retail fuel pricing for their one thousand Corner Store locations.
Long known for innovation and leadership in the Retail Petroleum Marketing industry, the Valero Corner Store team created their own in-house pricing application over 10 years ago. That application is approaching a technology end-of-life for the database. “We have been very successful with our own home-grown fuel pricing software, but it is time for us to add new functionality. After evaluating all available market solutions, we were pleased to find PriceAdvantage,” said Brian Skillern, Director of Fuel Transportation.
PriceAdvantage Fuel Price Management Software is a highly specialized retail fuel pricing solution for the Convenience Store industry. PriceAdvantage provides automation for the entire fuel pricing process, from collection of competitive surveys, to efficient and detailed analysis for best price determination, to rapid speed-to-the-street price change execution. It is this ability to change prices immediately at the Point of Sale, pumps and electronic price signs from the centralized headquarters location that makes the solution unique in the industry.
Aaron McHugh, Division Director says, “Valero is a best-in-class petroleum marketer, and we are excited to welcome Valero’s company-owned retail division as a customer and partner. Over the years we have assembled a team of software experts who are hyper-focused on creating easy-to-use and easy-to-deploy automated fuel pricing solutions. We are passionate about Fuel Pricing Software and we are pleased that Valero has recognized our system as the industry leading solution.”
Skyline Products, Inc. located in Colorado Springs, CO Skyline Products, Inc. has been delivering Enterprise class software solutions for over fifteen years. PriceAdvantage was birthed in 2005 in response to Retail Petroleum customer’s needs for remote price management from headquarters. In addition, Skyline Products, Inc. is involved in other vertical segments delivering both hardware and software solutions. Throughout America’s highways you will see both our Transportation (Intelligent Traffic Systems) and Petroleum (Electronic Gas Price Displays) solutions. Each industry is controlled with behind the scenes enterprise software solutions. For more information please visit www.skylineproducts.com or www.sellmoregas.com.
Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero subsidiaries employ approximately 21,000 people, and assets include 16 petroleum refineries with a combined throughput capacity of approximately 3 million barrels per day, 10 ethanol plants with a combined production capacity of 1.2 billion gallons per year, and a 50-megawatt wind farm. Approximately 6,800 retail and branded wholesale outlets carry the Valero, Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Valero is a Fortune 500 company based in San Antonio. Please visit www.valero.com for more information.
by John Keller | Oct 26, 2011 | Customer News, Fuel Pricing Technology, PriceAdvantage
Today one of our PriceAdvantage customers had a key question they needed to answer: “Who made that price change?” Late last night during the third shift someone changed the fuel price at the store. Was it an authorized price change, or was someone trying to get away with something?
PriceAdvantage keeps a complete audit trail of every price change at every store, making it easy to see who initiated every price change throughout history. In mere seconds the fuel pricing team could see that the price change was initiated at the store, and wasn’t authorized by headquarters.
Store Managers quickly learn that when PriceAdvantage is handling fuel pricing, there are no more chances for “Friends and family hour.” And that’s one of the key ways to reach true fuel price optimization.
by John Keller | Oct 21, 2011 | Fuel Pricing Strategy, Fuel Pricing Technology, Industry News, PriceAdvantage
Today Convenience Store News announced that Exxon just completed the sale of nearly 300 c-stores. Back in 2008, Exxon told USA Today they wanted to sell its c-stores because “it’s so hard to make money selling gas and diesel fuel to customers.”
Yes, Exxon, the days are over when you could simply open a store, fly your flag, and make money selling fuel. The retail fuel market is more dynamic and more competitive than ever. Fuel costs change daily, competitors are increasingly aggressive, and consumers are careful to pick where they buy fuel. It’s certainly not a business for the faint of heart.
And that’s precisely where fuel price management solutions like PriceAdvantage come in. Fuel Analysts use PriceAdvantage to quickly see what has changed in the market over night, and in a matter of minutes, their stores are implementing price changes to react. PriceAdvantage allows them to get the right price to the right store at the right time, not eight hours after the morning commute, but in time to maximize their fuel profits that same business day. Fuel Analysts use PriceAdvantage to carefully review their store / region / market performance by fuel margin and fuel volume, compared to target, and compared to last week, last month, and last year. Fuel Analysts make adjustments to fuel pricing strategies and tweak and tune to make necessary adjustments based on market changes, and to optimize prices across the enterprise. When competitor fuel prices change throughout the day, Fuel Analysts can choose to quickly respond with fuel price changes of their own no matter where they are, using their laptop or smart phone.
C-stores simply can’t compete by managing fuels prices with the old methods of spreadsheets, phone calls, and emails. It takes the closed loop fuels price management solution of PriceAdvantage to be profitable and to stay in the fuels price game.
by John Keller | Oct 10, 2011 | Customer News, Fuel Price Management, Fuel Pricing Software, PriceAdvantage
CEFCO Convenience Stores announced they have acquired two more c-store sites, this time in Collinsville and Marion Mississippi. This purchase follows on the heels of CEFCO’s acquisition of 69 stores in August. Once this acquisition is complete, CEFCO will operate a total of 194 convenience stores throughout Alabama, Arkansas, Louisiana, Mississippi, and Texas.
CEFCO uses PriceAdvantage fuel price management software solutions to handle all their retail fuel pricing. CEFCO also has Skyline electronic gas price signs that complete the closed loop fuel price management cycle from surveys, to fuel price optimization, to fuel price execution, to confirmation. The CEFCO PriceAdvantage implementation includes integration with VeriFone and Gilbarco POS systems, as well as their PDI system.
by John Keller | Sep 30, 2011 | Customer News, Fuel Pricing Software, PriceAdvantage
According to OPIS Market Share and Efficiency Score Retail data for Q3 2011, PriceAdvantage fuel pricing software solutions customers are industry leaders across multiple categories.
The list of convenience stores with the highest efficiency ratings include longtime PriceAdvantage customers Sheetz and Royal Farms. The efficiency rating compares fuel volume market share to number of retail outlets.
In the Mid-Atlantic region, Sheetz was one of three brands with efficiency ratings of over 3.0, and in the top five for fuel volume market leaders. Sheetz also scored highly in the efficiency rating in the Southeast region, with the second best score of 5.64. In the Great Lakes region, Sheetz had the highest efficiency rating of any fuel retailer.
PriceAdvantage Fuel Price Management software is a key reason why industry leaders are able to get their optimized fuel prices to the street in less time and with less error, getting the right price to the right store every time.
