You are here
HOUSTON -- Cumberland Farms Inc. and its affiliate Gulf Oil LP entered into a four-year agreement for the use of FuelQuest Inc.'s Fuel Management System (FMS). The organization will deploy FMS to optimize fuel inventory, decrease operational expenses such as unplanned split loads, and reduce the costs related to scheduling and managing fleets, the company reported.
"We require a solution to centralize our fleet scheduling for inventory-managed stores and dealers, as part of our overall fuel strategy" Greg Scott, vice president of petroleum distribution and rack origination, said in a released statement. "FMS allows our dealers to place orders online and automates replenishment planning for both low- and high-volume inventory-managed sites, increasing dispatcher efficiency while reducing our unplanned splits."
Cumberland Gulf Group will leverage key capabilities within FMS to centrally manage disparate sites across the East Coast and streamline operations to reduce costs and protect fuel margins, the company reported.
With FMS in place, Cumberland Gulf Group will be able to maintain accurate inventory management and demand forecasting to optimize working capital; optimize fuel holding strategy; maintain low secondary products supply; decrease number of unplanned split loads, retains and run-outs; and minimize the cost of procuring and managing fuel prior to sale.
"With an ever-increasing internal demand for information technology support and development resources, our ability to leverage and extend FuelQuest's FMS platform, best practices and experienced team makes good business sense," David Banks, Cumberland Gulf Group's chief information officer, said in a released statement. "We are impressed with FuelQuest's focus on continuous improvement for their solution and look forward to taking advantage of these enhancements for years to come."
Gulf Extends Parts Portal Online Store