"We can quickly determine the health of our fuel network; identify problem areas and trends; and drill-down into detailed site, tank, and fuel inventory information," said Greg Scott, SVP of terminal operations and petroleum distribution.
Houston, TX (PRWEB) October 20, 2010
FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, announced a new agreement with The Cumberland Gulf Group of Companies, the largest convenience store and petroleum marketer in the Northeast. Under this agreement, Cumberland Gulf will utilize ForeSite, decision support software for automated fuel management. ForeSite will provide real-time, map-based inventory views of over 950 sites across 11 states.
“ForeSite is an excellent addition to our overall fuel management strategy,” said Greg Scott, senior vice president of terminal operations and petroleum distribution, Cumberland Gulf Group. “We can quickly determine the health of our fuel network; identify problem areas and trends; and drill-down into detailed site, tank, and fuel inventory information.”
Cumberland Gulf, already a FuelQuest Fuel Management System (FMS) customer, will leverage ForeSite capabilities to improve further fuel purchase decision-making, reduce run-outs and retains, and enhance inventory visibility. ForeSite capabilities include:
- Inventory Monitoring – Real-time inventory status and forecasting with automated data capture
- Exception Indicators – Early warning indicators of non-compliant inventory conditions
- Geographical Mapping – Map-based view of fuel inventories and suppliers
- OnboardNow – Rapid deployment with little to no IT investment.
“The Cumberland Gulf Group of Companies is a forward-thinking company that utilizes technology as a competitive advantage. Their adoption of ForeSite underscores the value of real-time, map-based views into retail and distributor fuel networks,” said Scott Cilento, FuelQuest senior vice president of operations.
FuelQuest provides on-demand fuel management, tax automation, and compliance solutions for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 17 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year. For more information, please visit us at http://www.fuelquest.com.
About Cumberland Farms
Cumberland Farms, Inc. is committed to providing its customers with value, convenience and unparalleled service. Its network of retail stores, gas stations, and a support system including petroleum and grocery distribution operations spans 11 states across the Northeast and Florida, making it the largest convenience store and petroleum marketer in the Northeast.
About Gulf Oil
Gulf Oil LP is one of the Northeast's largest wholesalers of refined petroleum products. Gulf distributes motor fuels through a network of more than 1,800 Gulf branded gasoline retail centers, 12 proprietary oil terminals and a network of more than 50 other supply terminals. It supplies heating oil, diesel fuel, jet fuel and kerosene to these branded retail outlets through both its Gulf brand and, in the seven states of New England and New York, the Exxon brand. Through its unbranded subsidiary, Great Island Energy, Gulf Oil also supplies petroleum products as well as risk management and financial services to industrial, commercial and independent retail firms.