Gilbarco Veeder-Root’s Wetstock Management Service Selected by BP for its UK Retail Network

Gilbarco Veeder-Root’s Wetstock Management Service Selected by BP for its UK Retail Network

Early next year Insite360 – the advanced wetstock management service provided by Gilbarco Veeder-Root – will be adopted by all of BP’s company-owned sites in the United Kingdom. Under the same agreement, BP will offer Insite360 to all its UK dealers as part of the standard fuel contract agreement.

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.

“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,” comments Patrick Forsythe, WSM Managing  Director at Gilbarco Veeder-Root.

BP sites across the UK will benefit from real-time analysis, sudden loss detection and alarm management with escalation on a 24-hour, 7-day basis. In addition Insite360 provides a web portal accessible on most mobile devices, offering enhanced reporting capability. Several other tools aimed at enhancing financial return like highly-precise 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 when prices are undercut. The second new module encompasses Inventory Planning and Inventory Forecasting. The latter offers functionalities like Delivery Plan Analysis, Retain and Run-out Forecasting. Inventory Planning is a useful tool for intelligent and automated fuel orders creation, reducing the chances of run-outs and haul-backs. Gilbarco Veeder-Root will continue to expand the range of Insite360 services, with the aim of becoming the ‘de facto’ platform for cloud-based forecourt services in the world. Already serving 35,000 forecourts around the globe, the company expects this number to grow over the coming years based on customer interest to date.

About Gilbarco Veeder-Root
Gilbarco Veeder-Root is the worldwide technology leader for retail and commercial fueling operations. We offer the broadest range of integrated solutions from the forecourt to the convenience store and head office. For 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support and proven reliability.

For further information contact:
George Marful
Marketing and Communication Department  
Gilbarco Veeder-Root
Tel: +44 (0) 1268 533 090