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United States : SOUTHWEST AIRLINES selects ALLEGRO platform for fuel management across its entire supply chain.

A leading provider of commodity management software, Allegro Development, said that Southwest Airlines has selected the Allegro platform for fuel management across its entire supply chain to include airports, pipelines and storage terminals.

Currently, Southwest serves nearly 100 million customers annually, and it desires to optimise fuel management in a move to fulfill the company s purpose of connecting customers with friendly, reliable and low-cost air travel.

Following a comprehensive analysis of jet fuel management solutions, the company selected Allegro 8 to modernise logistics, streamline and optimise supply, improve inventory visibility, strengthen data management, reporting and analytics, and increase efficiency in the financial month-end close process.

Bill Tiffany, Vice President of Supply Chain, Southwest, said, We ve been working with Allegro since 2008, using its platform to manage our hedging programme to mitigate our fuel price risk. 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 minimise business costs and maximise profits.

Allegro s fuel management solution include better decision making capability with integration to market pricing; capability to optimise fuel supply and inventory by location; better insight into P&L reports with analysis for actuals against forecasted performance and; better 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 optimising 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.

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Publication:Mena Report
Date:Oct 15, 2015
Words:347
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