Automation & Optimization
Risser Oil rolls out KSS pricing solution
Published in CSP Daily News
CLEARWATER, Fla. -- Risser Oil, operator of 31 convenience stores, has completed the rollout of the KSS PriceNet system for automating and optimizing fuel pump pricing.
KSS PriceNet is a fuel pricing system that provides both pricing automation with competitor rule-sets and scientific fuel price modeling using competitive elasticities.
The KSS PriceNet solution has helped Risser Oil tighten control of their fuel pricing process in today's volatile market, said Bob Stein, CEO of KSS fuel group. KSS PriceNet automates daily pricing [image-nocss] tasks and constantly monitors volume and competitive activity, alerting you to areas that need focus. By identifying sites that are below volume and/or profit targets, and by providing guidance on how to correct these variances, KSS PriceNet helps ensure that profit and volume goals are met.
KSS PriceNet is an intelligent fuel price management system with the ability to accurately track volume and competitive price moves in the market and optimize fuel pump pricing, by grade of fuel, by location. Using the KSS library of consumer demand models, KSS PriceNet provides the basis for understanding and forecasting consumer fuel demand across the store and fuel center, as well as the inter-relationships of these purchases.
Clearwater, Fla.-based Risser Oil, part of The Risser Cos., markets BP Amoco, Chevron, Rally Gas and Texaco petroleum products throughout westcentral Florida.
Florham Park, N.J.-based KSS is a supplier of pricing intelligence, optimization and execution solutions to the convenience retail, grocery, chain drug and petroleum industries.