Sun, Oct 18, 2015
Joining Forces To Optimize Fuel Management
Southwest has selected fuel management software from Allegro Development for use across its entire supply chain which includes airports, pipelines, and storage terminals.
Southwest serves more than 100 million customers annually. To fulfill the company’s purpose of connecting customers with friendly, reliable, and low-cost air travel, Southwest desires to optimize fuel management. After conducting a comprehensive analysis of jet fuel management solutions, the company selected Allegro 8 to modernize logistics, streamline and optimize supply, improve inventory visibility, enhance data management, reporting, and analytics, and increase efficiency in the financial month-end close process.
“We’ve been working with Allegro since 2008, using its platform to manage our hedging program to mitigate our fuel price risk,” said Bill Tiffany, Vice President of Supply Chain, Southwest. “When the time came to upgrade our legacy fuel management system, it made sense for us to evaluate Allegro’s capabilities to manage our physical jet fuel business on an integrated platform. Choosing Allegro more closely aligns our initiatives to minimize business costs and maximize profits.”
Compelling differentiators of Allegro’s fuel management solution include:
- Better decision making capability with integration to market pricing;
- Ability to optimize fuel supply and inventory by location;
- Increased insight into P&L reports with analysis for actuals against forecasted performance and;
- Improved efficiencies in month-end close.
“We are thrilled to be a part of Southwest’s strategy to deliver the best customer experience through affordable airfare,” said Frank Brienzi, Chief Executive Officer, Allegro Development. “Southwest’s selection of Allegro for fuel management demonstrates the value Allegro delivers to our customers through the ability to expand our offerings within a truly integrated solution. Allegro’s partnership will be a key factor in Southwest’s ability to meet the goal of optimizing fuel procurement and aligning operational information to their hedging strategies. This is testament to our strengthening position in the airline industry and our commitment to deliver domain leading solutions in the downstream petroleum markets.”
(Source: Allegro Development news release)
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