January 5, 2015 – SIMSBURY, CT – As part of the 2015 NACS conference in Las Vegas,Veeder-Root held a sweepstakes for a TLS-450PLUS Automatic Tank Gauge and a one year subscription to Insite360 Visibility. The randomly selected winner of the sweepstakes was Sanjeev Jain, President and Owner of Jeev’s Sunoco in District Heights, Maryland. Sanjeev received the combined fuel management system on November 17, 2015 and will incorporate Veeder-Root’s fuel management tools into a site that he is opening in 2016.
“We are thrilled to play a role in helping our sweepstakes winner, Sanjeev Jain, open a new convenience store and gas station in 2016. Equipped with our new fuel management system, Sanjeev can better manage day-to-day operations such as fuel inventory management, compliance and security,” said Dale Spence, Director, Global Automatic Tank Gauge Platform.
Lower consumer prices, a volatile fuel market and older equipment make it challenging to protect fuel margins. Just one runout or site shutdown negates a week of profit and negatively impacts the customer experience. To combat these industry pain points, Jain relies on the Veeder-Root TLS-450 Automatic Tank Gauge at his current site. Winning the sweepstakes means Jain now has the next generation TLS-450PLUS Tank Gauge that he needs to help manage his new site.
“Before we implemented Veeder-Root’s TLS-450 three years ago at my current site, we had inconsistencies when balancing fuel inventory with sales, which means I ran out of fuel frequently and occasionally had to shut down the site,” said Sanjeev Jain. “Keeping inventory tight gives us a competitive advantage because we pass our savings on to the customer, and our customers know we have the lowest prices.”
The Veeder Root console provides Jain a solution to these inconsistencies and shortages. Jain now reviews his inventory via live feeds and maintains the right level of fuel in his tanks to keep his business running smoothly.
“Having the TLS-450PLUS and Insite360 Visibility at the new site has given me more of a reason to open the location because I know managing wetstock, reading tanks and keeping up with fuel inventory will be effortless,” Jain concluded.
ABOUT INSITE360 FUELQUEST
Veeder-Root Insite360 FuelQuest provides industry leading software and services to suppliers, distributors, retailers, carriers and fleets who utilize transportation fuels throughout the world. Insite360 FuelQuest improves profitability and abates risk for its customers by delivering solutions to manage and optimize fuel procurement, logistics, reconciliation and regulatory processes. These solutions deliver operational and financial value for companies responsible for more than 22 billion gallons of gasoline and diesel annually. Insite360 FuelQuest is a proud winner of the 2014 Petroleum Marketers Association of America's (PMAA) Best in the US award for Fuel Management Program.
Veeder-Root is a leading global supplier of automatic tank gauging, fuel management systems, and stage II vapor recovery solutions including the Red Jacket® brand of submersible pumps and pressurized line leak detectors. Veeder-Root and Red Jacket are market-leading brands with a tradition of excellence in the petroleum industry.
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