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HOUSTON -- Wawa Inc. has selected SolArc Inc., a provider of enterprise supply and trade management solutions for the global energy industry, to manage the Pennsylvania-based company's fuel supply and trading operations for its chain of convenience stores. The deal marks SolArc's first major customer in the downstream retail industry.
"At Wawa, our core purpose is to simplify our customers' daily lives. Part of that commitment includes maintaining stock levels on the products they are looking for, and that includes making sure that we maintain proper fuel supplies as well. SolArc RightAngle gives us the tools to do that," said Jim Bluebello, vice president of procurement and logistics for Wawa.
Wawa operates more than 540 stores (157 sell gasoline) located in Delaware, Maryland, New Jersey, Pennsylvania and Virginia.
"SolArc's demonstrated ability to estimate our positions using daily scheduling allows us to have visibility into our inventories at any time,” added Bluebello, “while significantly reducing the amount of time spent trying to construct reports to support our trading decisions. SolArc RightAngle will enable us to manage our fuel supply-chain more profitably and provide a higher level of customer satisfaction."
Launched in 1994, SolArc RightAngle offers enterprise integration between traders, schedulers and accountants, providing each with the best available, up-to-date information needed to manage complex trading activities.
"This is a major win for SolArc because it opens up an entirely new market that can benefit from our powerful fuel supply and trade management solution," said Dale St. Denis, SolArc's vice president of solutions marketing. "By winning the Wawa contract, we were able to demonstrate the value that SolArc RightAngle brings to a downstream fuel retailer, specifically to manage inventories, reduce exposure to market price risks and make better supply and trading decisions."