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HOUSTON -- Mr. Cartender Inc. signed a five-year contract with FuelQuest Inc. to have the company assume all of the fuel sourcing, replenishment and financial reconciliation activities for the convenience store retailer's south Texas locations.
According to a news release, Mr. Cartender will use FuelQuest's on-demand software and services to decrease its overall fuel costs and optimize its procurement and inventory management operations.
"In a competitive retail fuel market, it is critical I get the lowest cost fuel available and that it arrives when I need it at each of my stores," said Jimmy Neutze, owner of Mr. Cartender. "FuelQuest Fuel Center gives me access to the technology, people and processes that allow me to achieve both goals with strategic sourcing and just-in-time replenishment capabilities. This translates into better fuel margins and a more competitive offering at the pump."
Using FuelQuest's Fuel Management System software, Fuel Center forecasts and sources fuel, acting as a supplier-independent extension of the unbranded customer. This allows FuelQuest's customers to take advantage of fuel costs that are reduced between 4 and 6 cents per gallon; increased security of supply; and lower administrative burdens, according to the company.
"We are excited to have Mr. Cartender adopt our outsourced fuel management service and join other small- to mid-sized retailers looking for a competitive edge in their markets," said Ryan Mossman, vice president and general manager for Fuel Center.