Fairbanks, in partnership with Tokheim, has a new three-year contract to deliver wet-stock management services to more than 3,000 Shell sites worldwide.

A combination of hardware and software applications will provide automatic, real-time data to a team of Fairbanks analysts, which will provide detailed statistical inventory reconciliation (SIR) analysis of wet-stock data to Shell to help the company benefit from improved wet-stock protection and reduce the potential for fuel-loss incidents.

Shell’s wet-stock manager for North West Europe, Peter Houlton, said: "We identified a number of sites which would benefit from remote wet-stock monitoring during a recent risk assessment. Fairbanks emerged as our provider of choice after a comprehensive tender process and comparative trial of service providers. Fairbanks’ wet-stock management service will be critical to helping manage our global petrol retail network using various data capture solutions and valuable reporting methods."

Steve Jones, director of Fairbanks, said: "We feel we provide something truly unique and valuable to the marketplace; a suite of remote wet-stock management services combined with a dedicated team of analysts that add value and insight to our client’s data.

"This announcement regarding Shell comes on the back of other contracts secured with a number of major customers within the UK so we are all looking forward to delivering the solutions that will provide added value and benefit to our customers now more than 8,000 sites across 34 countries."

In 2010, Fairbanks joined forces with Tokheim to help expand the business internationally. 01695 51775