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HOUSTON -- J.T. Alexander & Son Inc., a petroleum distributor and retail services provider in North and South Carolina selected FuelQuest’s Fuel Management System (FMS). They will use FMS to automate their fuel inventory forecasting, planning, ordering and dispatching to reduce operating costs, increase fuel margins and improve truck utilization, the company reported.
"Automating our fuel management process is an important step in guarding against rising and volatile fuel prices as well as an exciting milestone in our growth plan," David Alexander, president of J.T. Alexander said in a released statement. "After evaluating several vendors in the market, we decided that FuelQuest gives us the right set of capabilities and expertise to meet our business objectives today while scaling our operations for tomorrow."
According to the vendor, FMS will enable J.T. Alexander to realize:
-- Fewer run-outs and retains while simultaneously providing just-in-time inventory management,
-- Improved operational scale by automating procurement, order, and delivery management, and
-- Greater return on investment in their trucks through higher utilization rates.
"We are pleased to partner with J.T. Alexander as they transform their business to adapt quickly to a challenging fuel market, and at the same time position themselves for growth," said Matt Tormollen, president and CEO of FuelQuest. "J.T. Alexander’s investment in innovation and technology to improve competitiveness is a trend we continue to see in the petroleum distribution market."