LOUISVILLE, Ky. -- TelaPoint Inc., an Internet supply chain software provider for the convenience store and petroleum industry, said that Penske Truck Leasing Co. LP is implementing TelaPoint's TelaFuel Internet software suite of products including Smart Replenishment, Smart Buying and Smart Invoicing to streamline and manage its fuel operations.
Penske Truck Leasing will use TelaFuel, a browser-based application suite, to improve management of fuel purchasing, replenishment and invoice reconciliation operations across more than 450 locations in North [image-nocss] America.
With TelaFuel, Penske expects to achieve significant benefits including the ability to lower fuel procurement costs, optimize fuel inventory management, better coordinate third-party transportation services and streamline supplier and freight invoice reconciliation operations.
We are aggressively pursuing our goals to reduce fuel procurement costs and maximize fuel replenishment efficiency, said Marc Althen, senior vice president of Penske. TelaFuel provides us with the tools we need to manage our fuel operations effectively and to develop strong relationships with our preferred suppliers.
TelaFuel includes Smart Replenishment, Smart Buying and Smart Invoicing. The TelaFuel solution helps companies realize fewer communication errors with transportation partners, lower fuel inventory and replenishment costs, make better fuel purchasing and pricing decisions and streamline fuel invoice reconciliation, the Louisville, Ky.-based tech firm said.
All TelaPoint customers have secure access through browser-based software applications allowing for communication with their authorized trading partners.
Penske, Reading, Pa., is a joint venture of Penske Corp. and General Electric. It operates more than 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer rental, transportation and warehousing management and supply chain management solutions. Its annual revenue is approximately U.S. $3.7 billion.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.