BP has signed a deal to implement Gilbarco Veeder-Root’s Insite360 wetstock management system across its entire UK estate of more than 300 company owned sites.
Under the same agreement, BP will offer Insite360 to all of its 850-plus UK dealers as part of the standard fuel contract agreement.
Patrick Forsythe, WSM managing director at Gilbarco Veeder-Root, said that from early next year Insite360’s advanced cloud-based services will enhance wetstock management effectiveness and peace of mind across the BP network. In addition, an analyst team will provide 24/7 support to BP site managers.
He added: “We are delighted to partner with BP UK and bring our vast know-how in wetstock management to improve its forecourt operations. This milestone illustrates the solid growth Insite360 is seeing across Europe, where we expect other important partnerships to be forged next year.”
Insite360 will provide BP sites with real-time analysis, sudden loss detection and alarm management with escalation on a 24-hour, 7-day basis. In addition it provides a web portal accessible on most mobile devices, offering enhanced reporting capability. Several other tools aimed at enhancing financial return, such as AccuChart tank calibration, meter drift detection and delivery reconciliation, are also part of the package.
BP dealers will also be offered new functionalities being added to Insite360. The new price/margin management module aims at increasing fuel retail margins through more accurate and prompt control. This package will provide retailers with up-to-date competitor price information, alerting them when prices are undercut.
The second new module encompasses inventory planning and inventory forecasting. The latter offers functionalities such as delivery plan analysis, retain and run-out forecasting. Inventory planning is a tool for intelligent and automated fuel orders creation, reducing the chances of run-outs and haul-backs.