ForeVision is a business intelligence software suite that provides full visibility and optimization of fuel station and convenience store operations. It analyzes transaction data to identify patterns and exceptions, perform predictive analytics, and propose solutions. The modular system includes fuel pricing optimization, customer loyalty analytics, convenience store merchandising recommendations, wetstock management, and a smart dashboard. Thousands of fuel retailers utilize ForeVision to efficiently optimize operations and maximize profits.
Why Teams call analytics are critical to your entire business
Orpak ForeVision
1. ForeVision™
FUELING YOUR BUSINESS FOR SUCCESS
BUSINESS INSIGHT
AND OPTIMIZATION
ForeVision is a business intelligence software suite for fuel
retail optimization. It is a cutting edge way to improve fuel
station and c-store business performance by maximizing
the elements of success: pricing, merchandising, operations,
loyalty, and wetstock management. ForeVision is modular;
you can implement one element, or choose all of them.
ForeVision analyzes large amounts of transaction-level data
to provide essential insights to maximize revenues and
reduce costs. ForeVision’s advanced software algorithms
determine exceptions, perform predictive analytics, and
propose suggested solutions, allowing decision makers to
stay one step ahead.
Field Proven and Intuitive Insight
ForeVision has been successfully utilized by thousands of
fuel retail sites to optimize operations. It is quick and simple
to implement, producing useful intelligence within weeks.
Gain Foresight
View the status of your retail fuel network, by site, region, or
in its entirety. You can analyze profitability as well as detect
any exceptions along with their probable causes.
Discover What’s Important
ForeVision scans millions of records and sales events to
identify customer patterns, performance gaps, correlate
events, and suggest a course of action.
Predict and Act
ForeVision’s algorithms are predictive in nature allowing you
to foresee events, understand patterns, and act accordingly.
Optimize Efficiency
The system enables you to efficiently optimize fuel prices,
dynamic discount policies, c-store merchandising,
promotions, and wet stock management.
Look inside your business to optimize performance
2. In today’s highly competitive environment, fuel retailers
have huge amounts of data to process. Whether it is
internally-generated store/site transactions, key customer
sales trends, or competitor pricing, ForeVision delivers
business insight and optimization - fuel retail intelligence.
Orpak's ForeVision is a business intelligence software suite
that provides full visibility into operations, immediately
improving the business performance of your fuel stations
and convenience stores. Successfully utilized to optimize
thousands of fuel retailer sites, ForeVision is modular, and
simple to set up, enabling your fuel retail network to benefit
from its smart analytics capabilities from day one.
This comprehensive platform supports five modules:
Fuel price optimization
A customer and loyalty enhancement module
Convenience store product mix, merchandising & analysis
Wetstock management
A smart dashboard
The system identifies anomalies and creates relevant alerts
Full visibility, insight, and control of your fuel retail success
Define and track key performance indicators per site and network
Fuel pricing intelligence
Wetstock management
Convenience store product offering, mix, and pricing
Insight into customer patterns and loyalty optimization
Dynamic discount policies
Analysis by site, location, and network
Fast and easy to deploy with useful results within weeks
Modular, customers can choose one or several solution elements for implementation
ForeVision is offered in a software as a service model, managing fuel retailers' big data warehouses to enhance decision
making
SOLUTION DESCRIPTION
BENEFITS
Fuel retailers may begin by utilizing one module and
advance to employ all five.
The ForeVision suite provides managers with an analysis to
enable optimal business decisions and achieve significant
insights. The solution offers a clear-cut competitive edge
and quick ROI for fuel and convenience store retail
operations. Special software algorithms identify data
exceptions and perform predictive analytics to propose
suggested solutions, allowing station managers, regional
directors, and network executives, to maximize their
operational efficiency.
ForeVision can be deployed on premise or provided as a
software as a service (SaaS) platform.
ForeVision
Analysis
Engine
C-Store Mix
& Analysis
Wet Stock
Management
Smart Dashboard
Fuel Price
Optimization
Customer & Loyalty
Enhancement
3. Fuel Price Optimization
The ForeVision fuel price optimization module allows you
to establish daily prices based on the site to maximize
profits. It offers dynamic optimization of fuel prices based
on inputs such as historical performance, margins policy,
store conversion rate, and average ticket size, as well as
external information like nearby competitor pricing,
traffic flow, and weather forecast.
The module helps fuel retailers stay competitive while
maximizing overall profits from the forecourt and the
c-store combined.
Customer and Loyalty Enhancement
The customer and loyalty enhancement module
establishes consistent customer loyalty, and that
customer related activity is profitable. It monitors the
purchases of your customers to ensure that the patterns
correlate with the interests of the network.
This service automatically identifies customer based
trends, changes, and patterns, providing pre-emptive
alerts for potentially significant impacts on volume and
profit. This functionality helps reduce customer churn.
C-Store Product Mix and Analysis
ForeVision's defines optimal product offering, bundles,
and promotions using the C-store Product Mix and
Analysis module.
The solution endorses optimal product proposition,
pricing, promotions, and bundles for each store.
ForeVision's smart ticket analysis – a combination of
historical data with external information and artificial
intelligence – produces recommendations regarding
product mix, inventory, and pricing, maximizing a store’s
revenue as well as profit.
SOLUTION COMPONENTS
Wetstock Management
Wetstock Management keeps track of the fuel stock,
detects losses, leaks, inventory inconsistencies, and
remotely performs tank calibration. It oversees delivery
acceptance at each station to ensure maximum data
consistency and minimum losses.
WSM has a customizable dashboard with macro and micro
level views: drill down from the network level to a single
transaction to easily identify problematic sites, tanks, and
dispensers. It can be implemented onsite or provided as a
managed service, with Orpak’s experienced analyst
services:
• Event analysis to identify losses
• Expert view on trends over time to achieve vital insight
• Data consistency and setup error detection
• Optimal tank calibration with miscalibration detection
• TLG and dispenser calibration
Smart Dashboard
The ForeVision smart dashboard is a management tool that
provides an overview of defined key performance
indicators (KPIs). It is an insightful scorecard that allows a
full profitability analysis for each and every site.
Site managers and area managers can quickly identify
underperforming sites and the underlying causes. Alerts
based on pre-defined KPIs can be sent out automatically,
improving transparency into service station metrics.
Fuel Price Optimization
Competitor fuel price mapping
Smart Dashboard
Site Scorecard and alerting
4. www.orpak.com info@orpak.com
REVA817400041
ABOUT ORPAK
Orpak delivers comprehensive solutions to oil companies and commercial fleets, improving profitability and optimizing
performance from the forecourt to the head office. Our hardware, software and services enhance the entire retail fuel
network and fleet management value chains, be it the single fuel transaction, retail network optimization or business
analytics. Orpak has a 25-year track record of success and innovation. Known for rapid deployment of large end-to-end
projects, our field-proven products are installed in more than 30,000 service stations and 5.5 million vehicles across 60
countries. Orpak solutions are distributed via an international network of subsidiaries and value-added partners.