ForeSite IC

FuelQuest ForeSite™ IC (Inventory Control) helps fuel managers spot and resolve issues with theft, fraud, leakage, deliveries, gray loads, dispensing equipment, and operational errors that cause inventory variances. ForeSite IC tracks inventory, sales, and deliveries; and automatically calculates, alerts, and logs any events that are out of tolerance with acceptable inventory losses or gains. Software-based statistical analysis enables ForeSite IC to monitor for inventory measurement errors continuously and create tank strapping charts to ensure inventory accuracy across hardware brands and without expensive add-ons or upgrades. ForeSite IC gives retailers the ability to account for each gallon of fuel from delivery to consumption and allows them to correct variance issues before they become expensive problems.

 

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Overview

ForeSite IC collects inventory, delivery, and sales information from a variety of sources including ATGs, fuel management systems, order management systems, Point of Sale (POS), back-office systems, automated and manual file import, and manual entry. ForeSite IC analyzes this data accurately calculating and identifying current inventory position and variances (when the actual on hand inventory does not match expected "book" inventory levels). With user-configurable rules defining variance calculation and configurable thresholds for acceptable variance, fuel managers can tailor ForeSite IC inventory policies to their particular business requirements.

Key features:
  • Variance Exceptions - Automatic detection and notification of daily, weekly, and monthly inventory variances
  • Variance Drill Down - Exploration of inventory, delivery, and sales details to identify potential problems
  • Device Independent Analysis - Full variance analysis with most ATG models.
  • Centralized Policy-based Management- Business-level policies defined in customizable rules
  • ACR Option – Software-based statistical analysis detects measurement errors and creates new tank strapping chart
ForeSite IC is built on the ForeSite Platform, a flexible technology framework that enables rapid deployments, enterprise-level scalability and availability, enhanced security, open integration, and mobile device access. ForeSite IC easily interfaces with FuelQuest Fuel Management System (FMS); third-party order management, back-office, and POS systems; and ERP applications. ForeSite IC is fully internationalized and localizable. ForeSite IC has native support for English, French, German, Spanish, Portuguese Vietnamese, Russian, and double-byte languages including Chinese and Arabic.

     

      Benefits

      ForeSite IC offers the following benefits:

      • Supports faster problem remediation by early detection of potential issues with theft, fraud, leakage, delivery errors, gray loads, dispensing equipment errors, and operational errors
      • Reduces fuel losses, improving bottom line performance
      • Improves management productivity for large, complex, or heterogeneous networks
      • Lowers costs through the use of existing and/or low cost hardware
      • Lowers cost of regulatory compliance through software-based tank strapping

           

          Related Industries

          retail Retail
          Convenience stores, grocery stores, service stations, and big box retailers are finding fuel a tough business to achieve and maintain healthy margins. It's so difficult that many convenience stores, for instance, where fuel comprises roughly 70% of its total revenue, focus primarily on in-store profit centers abandoning fuel as a profit driver for the business.

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          fleet Fleet
          Fuel cost volatility is an anathema for private and government fleets striving to meet financial and operational goals. With fuel typically the second highest expense item after headcount, fleet operators face many challenges regaining predictability in their fuel spend.

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          carriers

          Distribution
          Jobbers strive to provide superior service to their retail customers and minimize costs for improved margin. Manual processes can increase costs unnecessarily and impact supplier and retailer relationships.

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          Data Sheet/Case Studies

          ForeSite

          Download Product Data Sheet
          A sputtering economy, fierce competition, and volatile fuel prices have created a perfect storm for thin profit margins for fuel retailers. With gasoline sales comprising the majority of store revenues, it is clear that margin improvement depends on careful planning and control of fuel inventory.

          Read More

          Fuel Retail Case Study

          Download Case Study
          truenorth Uses FuelQuest to Streamline its Dispatch and Replenishment Operations

          Read More