Kent Oil, operator of 26 convenience stores and four travel centers in Oklahoma, Texas, and New Mexico under the Kent Kwik brand, said it reached a deal with
FuelQuest Inc.to use its Fuel Management System (FMS) solution and services.
The Midland, Texas-based retailer will use FMS to automate fuel inventory forecasting, planning, ordering, and delivery across their network reducing operating costs and increasing fuel margins.
“To better address rising fuel costs and remain competitive in our regional markets, we must optimize how we manage our fuel operations,” said Bill Kent, Kent Oil’s President. “FuelQuest provides automation and industry expertise via FMS that will help us meet our goals and ultimately better serve our customers with more competitively priced fuel.”
FMS powers the largest bulk fuel management network in North America providing FuelQuest customers with an end-to-end solution that lowers the cost of procuring, managing, and accounting for fuel. FMS will streamline Kent Oil’s fuel operations enabling:
* Fewer run-outs and retains through just-in-time inventory management,
* Lower working capital requirements by optimizing fuel inventory levels, and
* Reduced overall fuel costs with automated procurement, order, and delivery management.
“Kent Oil is a great example of how a mid-market business has chosen to compete as effectively as large multinational ones through optimized fuel management,” said Matt Tormollen, president and CEO of FuelQuest. “We are proud to add another Texas-based, market-leading business to our portfolio of customers.”