Closed loop pricing from headquarters with price change confirmation feedback.
LSAA LLC has chosen PriceAdvantage SMART Fuel Pricing, a fuel price management solution, for its 60 Sam’s Mart stores in the Carolinas and Georgia. It chose PriceAdvantage for centralized fuel pricing control from headquarters, including business intelligence data at their fingertips.
Sam’s Mart will be utilizing one-click price control from headquarters, patented technology licensed exclusively to Skyline Products and marketed as PriceAdvantage SMART Fuel Pricing. The technology helps determine the optimal price of each fuel grade by store, and then sends prices to the POS, pumps, and electronic price signs all with one click. Then confirmation feedback closes the loop back to headquarters with the acknowledgement that prices have been changed.
“PriceAdvantage solves our challenges around applying the Sam’s Mart fuel pricing strategy directly from headquarters with the most real-time data,” said Mitch West, Controller of LSAA LLC, “making us a more nimble and profitable company.”
“PriceAdvantage will allow Sam’s Mart to evaluate pricing at the local site level and make informed pricing decisions rapidly,” said Chip Stadjuhar, president and CEO of Skyline Products. “Our SNAP Analytics and Reporting functionality gives them the ability to access multiple data sources simultaneously and allows them to evaluate performance across sites or networks from disparate data sources.”
PriceAdvantage SMART Fuel Pricing, patented technology licensed exclusively to Skyline Products, is a highly specialized retail fuel pricing solution for the convenience store industry. Designed to maximize fuel profits, PriceAdvantage provides automation for the entire fuel pricing process from collection of competitive surveys, to sophisticated analysis for best price determination, to rapid speed-to-the-street price change execution with price change confirmation feedback.