Tuesday, 23 June 2009

John E. Jones Oil Selects FuelQuest to Optimise Fuel Management

FuelQuest, the leading on-demand software and services company for the global downstream energy industry, has announced a five-year agreement with John E. Jones Oil Company (Jones Oil) for the use of its Fuel Management System (FMS). Jones Oil will deploy FMS to improve fleet utilisation, reduce retains and run-outs and increase visibility into tank inventory and usage trends.

“Transparency into our tank inventory is one reason we selected FuelQuest,” said Patrick Lingg, controller of Jones Oil. “Another (reason) is that the solution is flexible so that we can deploy one or more sites at a time based on our time frame. We look forward to the savings and operational efficiencies driven by FuelQuest’s FMS.”

Jones Oil will leverage key capabilities within FMS that will virtually eliminate many manual processes and streamline operations to reduce costs and protect fuel margins. These include:

• More effective inventory management and demand forecasting to optimise working capital
• Increased ability to plan and respond
• Flexible implementation – initial implementation to Jones’ retail facilities; subsequent roll out to participating customers.

FuelQuest's Fuel Management System (FMS) is the most comprehensive, end-to-end supply chain solution focused on reducing the cost of procuring, managing and accounting for bulk fuel. FMS powers the largest fuel management network in North America with more than 15 billion gallons managed annually.

“FuelQuest is very pleased to partner with a family-run business like Jones Oil who is very focused on their customer’s satisfaction” said FuelQuest President and CEO, Matt Tormollen. “We will collaborate on next- generation solutions that will make it easier for fuel distributors to create value and preferential awareness with their customers and prospects, while leveraging the strength of the FMS platform and North America’s largest fuel management network.”
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