Fleet solutions leader WEX has announced the integration of its WEX Fuel Management TelaPoint solution and PriceAdvantage. The new pairing will allow for real-time inventory and sales information to be gathered, so that purchases can be made optimally.
“This integrated solution incorporates both WEX’s Fuel Management software to provide inventory levels and PriceAdvantage’s SMART market pricing analysis to provide insight into fuel pricing strategies,” said Tom Wagner, director of WEX Fuel Management, in a released statement. “It gives fuel retailers a combined solution with the accuracy of WEX TelaPoint and the power of PriceAdvantage.”
With access to real-time fuel inventories from WEX Fuel Management combined with PriceAdvantage, gas station managers can adjust their purchase orders on real time data about how much fuel consumers are actually buying.
The service can also be used by managers to set prices on what they sell– when sales are high and inventories are low they can raise prices in order to make sure there is enough fuel to meet demand until the next delivery.
“Retail establishments, such as convenience stores, thrive when fueled by speed, innovation and knowledge,” said Chip Stadjuhar, CEO of Skyline Products. “This integration provides them with the real-time data and innovative fuel pricing software they need to produce fuel prices quickly and accurately.”
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