DALLAS — 7-Eleven here has signed a new five-year agreement with Houston-based FuelQuest to continue using its Fuel Management System (FMS) to automate fuel procurement and delivery and to deploy a new system, ForeSite SV, to monitor fuel replenishment execution for more than 2,500 sites.
"FuelQuest has been an important solution provider for 7-Eleven for several years," said Doug Rosencrans, vice president, gasoline operations at 7-Eleven, in a statement. "The company has generated significant value in our fuel operations.”
FMS is designed to enable fewer run-outs through frequent, automated polling and just-in-time inventory replenishment; lower working capital requirements via optimized fuel inventory levels; and reduce overall fuel costs through automated inventory and financial management. ForeSite SV warns when plans — whether retailer or vendor managed — will not meet business requirements, allowing fuel managers to take steps to avoid supply disruptions and improve their operational efficacy.