Its easy to look at another product and say how much you would be willing to pay for it, but how can you know how much people would be. Jan 31, 2011 oil price information service opis announces the launch of its newest webbased query tool for retail fuel prices the opis retail datahouse. The opis radius report provides competitors retail unleaded and diesel fuel prices within a two, five and 10mile radius of a location or a specific point of interest to priceadvantage through. Pricing right is the fastest and most effective way for managers to increase profits. Jul 07, 2017 opis empowers customers to buy and sell oil products with confidence through our accurate and impartial fuel pricing assessments, live news, innovative software tools and educational events and. The main purposes of using a software is to regulate pricing, calculate taxes, inventory management and manage pos, billing and payroll.
Retail software is used by all small, medium and large enterprises. This is the first step in our fuel pricing structure a mostly electronic platform exchange, where paper contracts of fuel are bought and sold for a period in. Pricing is therefore one of the few untapped levers to boost earnings, and companies that start now will be in a good position to profit fully from the next upturn. Pricepro, part of retailsuite by opis free opis pricepro. We offer a wide variety of pricing, news and data for your needs. Opis pricepro provides instant notification of competitor price changes on your desktop or mobile device so you can react faster. With infor m3, red wing has access to an apparel erp solution that can integrate with other business systems, and requires no modifications to support.
Cloudsuite fashion fashion and retail erp cloud software. Apr 01, 2015 the deal enables opis to further expand its pricing and software services into europe and south america, said opis ceo brian crotty. Jan 30, 2018 increase retail fuel station profits with opis retailsuites realtime retail gasoline and diesel fuel pricing and market intelligence. Heres our guide on how to read your wholesale rack report. Cost plus pricing works on the following principle. Heres a stepbystep guide on how to read your wholesale rack report so you can buy fuel like a pro. Put a stop to costly, timeconsuming manual store surveys and give store managers the green light to focus on fuel pricing strategies, station operations and customer service. Retail station profit performance tracking opis marginpro. Axxis software fuel management automation solutions. Opis retail datahouse is an online database with historical retail prices and operating profit margin data from nearly 140,000 stations and over 38,000 different.
If you require assistance please call 18883012645 or click here to email opis price link. Oil price information service opis, a global provider of oil industry pricing, news, analysis and software, has acquired navx, the leading european and south american provider of retail fuel pricing, parking and electric vehicle ev charging location information. The percentage markup on retail is determined by dividing the dollar markup by the retail price. Pricing your own product is always a tricky proposition, and the more critical the price is to your products success, the more difficult it is to set. Every organization runs to earn profits and so is the retail industry. Gas station operators have been bracing for the impact of covid19 on gasoline and diesel sales, and data is starting to hint at the potential demand destruction to come. Fleet managers that operate nationwide usually generate more savings with the retail minus model. The markup on cost can be calculated by adding a preset, often industry standard, profit margin percentage to the cost of the merchandise.
Looking for online definition of opis or what opis stands for. One benefit of retail minus over costplus is that its pricing is more transparent. You may choose as per your need and get the best value out of our multiple editions. Red wing shoe company uses infor fashion software to support its fashionspecific processes, from leather manufacturing to shipping finished goods. Priceadvantage integrates opis radius report convenience. Although this was once the rule of pricing products, more intense competition and the continually changing retail landscape have driven some retailers to use methods other than keystone. With retail minus, the pump price remains the pump price. There is little explanation as to how costplus opis index prices are set or why they are changed. React instantly to your competitors retail station price changes with realtime data. Learn about opis analyticspro, a webbased tool that helps you discover fuel pricing and margin trends for gas stations and cstores in your local market.
In 1999, opis launched the first retail fuel pricing database in north america. Sep 28, 2011 when you go about pricing a product, run through the following exercise. Oil price information service opis by ihs markit provides accurate pricing, news and expert analysis across the entire fuel supply chain, including the spot, wholesale rack and retail. Info provides accurate pricing, realtime news and expert analysis across the global fuel supply chain, including the spot, wholesale rack and retail markets. Oil price information service opis by ihs markit provides accurate pricing, news and expert analysis across the entire fuel supply chain, including the spot, wholesale rack and retail markets. How much would people pay if they were indeed rational decisionmaking machines.
Monitor gas station sales volumes as demand plummets due to covid19. Opis oil price information service provides pricing and information on gasoline, diesel, jet fuel, oil, lpg and energy commodities worldwide. The opis smart rack data at the bottom of some reports provides a 3 to 4day average retail price for regular unleaded gasoline in the metro statistical. Find the best retail pos software systems for your retail business.
New partnership makes opis price benchmarks available in. Free telephone support is available during the trial period. Retail pricing strategies to increase profitability. With retailminus, the pump price remains the pump price. Make more money with your retail fuel business through one integrated solution.
With software, the calculation can be as simple as. Opis launches historical retail fuel price web query tool. That is the third consecutive weekly decline, but the us retail average is still nearly double the margin. A standard report provides one price per product, per supplier, in a given geographic market. Retail pro is a flexible, deviceagnostic specialty retail management software platform with powerful pos, replenishment and inventory management, promotions, employee and customer management, back office, performance, and kpi reporting capabilities. Through its subsidiary, axxis software, opis also provides leadingedge software solutions for petroleum marketers.
Oil price information service opis by ihs markit nasdaq. Oil price information service opis company overview. Oil price information service opis has acquired navx, a european and south american provider of retail fuel pricing, parking and electric vehicle ev charging location information. The difference between costplus and retailminus fuel savings. Keystone pricing involves doubling the cost paid for merchandise to set the retail price. Retail management software is technology that helps business owners drive more sales with applications that include point of sale features, inventory management, retail customer relationship management and more. Incompetitor is a complete retail competitive intelligence platform that uses competitor pricing data to help brands and retailers monitor competition.
This is the first step in our fuel pricing structure a mostly electronic platform exchange, where paper contracts of fuel are bought and sold for a period in the future. Retailing software are both installation and saasbased. Opis retailsuite increase gas station profits oil price information. Opis pricepro is a realtime, online solution that taps into the marketleading opis database of 140,000 retail fuel stations and 2 million price reports per day. In addition to providing supplier pricing, opis also calculates the low, high, and average of all suppliers in a market. Opis enables customers to buy and sell petroleum products with confidence via easy access to transparent data, expertlevel customer support. The deal combines opis extensive north american database of realtime retail fuel prices with navxs comparable database for 30 countries in europe and south america. Retail datahouse for retail fuel price history opis. An interactive online tool, opis marginpro tracks retail fuel station margins for competing brands and price leaders. Retail gas and diesel pricing information from the worlds leading source.
It is a plug and play pricing software that enables automatic benchmarking of competitor websites to deliver valuable insights in realtime. In 1999, opis launched the first retail fuel pricing database in. Oil price information service opis announces the launch of its newest webbased query tool for retail fuel prices the opis retail datahouse. View a graphic showing a visual example of pricepros moneysaving benefits in action. But, before we delve into wholesale rack fuel pricing, lets recap with a few glossary terms. Opis is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary. Both cherbonnier and navx coo cofounder florent boutellier will stay with opis to manage and grow the newly created opis navx brand.
Pricing information there is no charge for the trial download. Retail pricing software pricing optimization software. Axxis offers an integrated suite of software and services that can be deployed in a modular fashion with plugin integration to your back office system to automate prices and help you dispatch effectively. One benefit of retailminus over costplus is that its pricing is more transparent. Opis empowers customers to buy and sell oil products with confidence through our accurate and impartial fuel pricing assessments, live news, innovative software tools and. Increase retail fuel station profits with opis retailsuites realtime retail gasoline and diesel fuel pricing and market intelligence. When you need a license key select one of the options below. Retail fuel market pricing for gasoline and diesel opis. Sep 12, 2017 but, before we delve into wholesale rack fuel pricing, lets recap with a few glossary terms. Fleet managers that operate nationwide usually generate more savings with the retailminus model. Dynamic online tools, indepth market coverage and powerful insight. New partnership makes opis price benchmarks available in telvent dtn fuel pricing and trading software. The deal enables opis to expand its pricing and software services into europe and south america, said opis ceo brian crotty.
Retail management software tips for new buyers recent events you should know about. Analytics and software for energy industries opis oil price. Opis is a leading provider of news, pricing and software for buyers and sellers of petroleum products. Software for fuel companies axxis, part of opis oil price. Are you getting your racks in realtime, wherever you are. Access via the web, so theres no need to download external software. Analyticspro for gas station profit data opis oil price information.
689 1528 1248 1128 1276 1342 1568 913 155 258 1461 1264 662 1329 1313 856 647 1359 1205 608 861 1433 235 129 1557 645 635 790 274 1185 673 1006 994 105 538 472 293 1358 923 1348