Leading Regional Convenience Store Chain Selects FMS as Solution to Enhance Management of Inventory and Fuel Purchasing
HOUSTON, Feb. 19 - FuelQuest, Inc., the leading on-demand software and services company for the downstream energy industry, announced today that MAPCO Express will deploy FMS to enhance the reconcilement of its fuel management processes. MAPCO Express is a subsidiary of Delek U.S. Holdings, Inc., operating nearly 500 retail fuel and convenience stores across the southeastern United States.
"Operating retail sites in eight states, it is essential for us to be as efficient as possible across the multiple processes we use today," said Ed Morgan, Chief Financial Officer at MAPCO Express. "FuelQuest's FMS provides a unified platform to enhance reconciliation processes in our fuel inventory management practices while enabling us to continue our acquisitive growth in the southeastern market."
In addition to eliminating some labor-intensive processes, MAPCO Express is simplifying its secondary supply chain replenishment processes. At the same time, Delek US has a need to centralize dispatch activities among its fleet and common carrier network across all three of its operating segments using a common operations platform.
In FMS, MAPCO Express found a solution to diminish its reliance on these manual processes and increase the productivity of its internal staff. The initial phase of the engagement will focus on automating and enhancing current workflows spanning forecasting and sourcing. FMS will automate dispatch activities to free up staff so they can manage more sites and reduce the time spent processing dispatch orders.
FuelQuest expects MAPCO Express can achieve significant fuel cost savings through the deployment of the following FMS capabilities:
o Inventory management
o Strategic sourcing
o Price management
o Invoice reconciliation
"FMS will enable MAPCO Express to quickly capitalize on market dynamics and price volatility," said Rich Cilento, president and CEO of FuelQuest. "The on-demand capabilities within the FuelQuest FMS solution will streamline MAPCO Express' secondary distribution supply chain by providing easy-to-use tools to manage their inventory replenishment process and optimize fleet utilization."
About MAPCO Express
MAPCO Express, Inc., a wholly owned subsidiary of Delek US Holdings, Inc., is headquartered in Brentwood, Tenn. and operates nearly 500 retail fuel and convenience stores under the MAPCO Mart®, MAPCO Express®, Discount Food Mart(TM), FAST Food and Fuel(TM), Favorite Markets® and East Coast® brand names located primarily in and around Memphis, Chattanooga and Nashville, Tenn., northern Georgia, northern Alabama and Richmond, Va. For more information, please visit www.mapcoexpress.com.
FuelQuest provides on-demand, web-based supply chain management and tax automation technologies for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest solutions deliver operational and financial value to over 750 customers. These customers include leading global oil companies, international retailers, shippers, and government entities. FuelQuest solutions help customers manage the complexity, regulation, and market volatility of billions of gallons of gasoline and diesel fuel annually. ZyTax solutions process tens of billions of dollars of motor fuels excise taxes per year.
Find out more online at www.fuelquest.com
Source: FuelQuest, Inc.
CONTACT: Cindy Sartain, Director of Events & Communications, FuelQuest, Inc., 1-888-645-7768
Web site: www.fuelquest.com/