KSS Fuels Unveiling New Functionality of PriceNet, MPSI LocationXpert
Offer competitor price reporting, database updates to understand impact to network, competition
Published in CSP Daily News
FLORHAM PARK, N.J. -- KSS Fuels is introducing competitor survey targets and event/promotional pricing as new functionality for its fuel price management solution, PriceNet. Additionally, it is introducing Performance Analysis, Hot Spot Analysis and Updated Database for new markets for LocationXpert, MPSI's network planning application.
Competitor price reporting ensures that prices are generated more accurately by using the latest competitor prices available within PriceNet. This is achieved by setting up a schedule of competitor price survey targets for a selected number of own sites. This schedule, combined with alert functionality notifies and tracks that surveys are entered on time to a defined schedule. Event and promotional pricing allows users to indicate when sales values are being influenced by factors other than price, and instructs the pricing system how to handle pricing data in particular market environments. Business reporting may be used to report on sales data with a particular sales effect code through the KSS Analytics dashboards.
A new feature of LocationXpert provides the user the capability of updating databases, between surveys, based on tactic scenarios. As new-to-industry outlets open, outlets change brands or close, the user can update his or her database with these changes to understand the impact to the network and the competition.
LocationXpert also provides prescriptive tools to assist in developing strategic network plans. Two valuable features are Hot Spots and Performance Analysis. The Hot Spots feature clearly identifies the best geographic areas to search for new site opportunities. The Performance Analysis feature categorizes outlets based on their performance versus potential. The results show which outlets are candidates for investment, divestment or maintaining.
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. High levels of automation and an exception-based approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics.
LocationXpert is an online strategic planning tool designed to help petroleum retailers determine the optimal strategic plan for their network of outlets. This strategic and tactical online decision support tool combines advanced modeling features with comprehensive market intelligence and extensive mapping capabilities to give a clear picture of the market, competitors, brand and customers.
KSS Fuels, a Knowledge Support Systems Co., is a leading global provider of fuels pricing, site evaluation and network planning software, analytics and consulting services to companies in the oil and gas, convenience store, grocery and retail industries. It helps fuel suppliers, distributors and marketers implement pricing solutions and increase the profitability of their networks through the application of demand modeling technologies and services designed to support strategic planning and operational decisions. The company has its U.S. headquarters in Florham Park, N.J., and international headquarters in Manchester, U.K.