Wawa Selects SolArc
New-to-downstream firm will manage chain's fuel supply, trading ops
Published in CSP Daily News
WAWA, Pa. -- Wawa Inc. has selected SolArc Inc., a provider of enterprise supply and trade management solutions for the global energy industry, to manage the retailer's fuel supply and trading operations. The deal marks SolArc's first major customer in the downstream retail industry, it said.
Of Wawa's more than 540 convenience stores, located in Delaware, Maryland, New Jersey, Pennsylvania and Virginia, 157 sell gasoline.
At Wawa, our core purpose is to simplify our customers' daily lives. Part of that commitment includes maintaining [image-nocss] stock levels on the products they are looking for, and that includes making sure that we maintain proper fuel supplies as well. SolArc RightAngle gives us the tools to do that, said Jim Bluebello, vice president of procurement and logistics for Wawa. SolArc's demonstrated ability to estimate our positions using daily scheduling allows us to have visibility into our inventories at any time, while significantly reducing the amount of time spent trying to construct reports to support our trading decisions. SolArc RightAngle will enable us to manage our fuel supply-chain more profitably and provide a higher level of customer satisfaction.
For SolArc, the deal "opens up an entirely new market [for our] fuel supply and trade management solution, said Dale St. Denis, SolArc's vice president of solutions marketing.
Launched in 1994, SolArc RightAngle, the company's flagship product, offers enterprise integration between traders, schedulers and accountants, providing each with the best available, up-to-date information needed to manage complex trading activities, said the Houston-based company. It integrates deal capture, scheduling, inventory management, pricing, accounting, credit, position reporting and risk analysis in a single platform solution. Customers receive competitive advantages from reduced transaction costs and improved supply decisions based on accurate position reporting and inventory management.