RaceTrac Taps Vontier’s Invenco by GVR Remote Management Solution to Ensure High Uptime and Drive Operational and Cost Efficiencies
RaceTrac has selected Vontier's (NYSE: VNT) Invenco by GVR asset management cloud-based solution to remotely manage forecourt assets across its 800+ stores in 13 states. The system helps maximize operational efficiency through remote management, preventative maintenance, and automated work orders. RaceTrac reported avoiding 10,000 truck rolls last year, with 59% of work orders being created automatically. The cloud-based platform includes APIs for seamless integration with hardware, software, and services, enabling improved accuracy and faster issue resolution while reducing operational expenses.
RaceTrac ha selezionato la soluzione di gestione degli asset basata su cloud Invenco by GVR di Vontier (NYSE: VNT) per gestire a distanza gli asset delle aree di servizio in oltre 800 negozi in 13 stati. Il sistema aiuta a massimizzare l'efficienza operativa attraverso la gestione remota, la manutenzione preventiva e gli ordini di lavoro automatizzati. RaceTrac ha riportato di aver evitato 10.000 viaggi dei camion lo scorso anno, con il 59% degli ordini di lavoro creati automaticamente. La piattaforma basata su cloud include API per un'integrazione senza soluzione di continuità con hardware, software e servizi, permettendo una maggiore precisione e una risoluzione più rapida dei problemi, riducendo al contempo le spese operative.
RaceTrac ha seleccionado la solución en la nube de gestión de activos Invenco by GVR de Vontier (NYSE: VNT) para gestionar de forma remota los activos de las áreas de servicio en más de 800 tiendas en 13 estados. El sistema ayuda a maximizar la eficiencia operativa a través de la gestión remota, el mantenimiento preventivo y las órdenes de trabajo automatizadas. RaceTrac informó que evitó 10,000 viajes de camiones el año pasado, con el 59% de las órdenes de trabajo creadas automáticamente. La plataforma basada en la nube incluye API para una integración fluida con hardware, software y servicios, lo que permite una mayor precisión y una resolución más rápida de problemas, al tiempo que reduce los gastos operativos.
레이스트랙은 본티어 (NYSE: VNT)의 클라우드 기반 자산 관리 솔루션인 인벤코 바이 GVR을 선택하여 13개 주에 걸쳐 800개 이상의 매장에서 주유소 자산을 원격으로 관리합니다. 이 시스템은 원격 관리, 예방 유지보수 및 자동 작업 주문을 통해 운영 효율성을 극대화하는 데 도움을 줍니다. 레이스트랙은 지난해 10,000회의 트럭 운행을 피했으며, 작업 주문의 59%가 자동으로 생성되었다고 보고했습니다. 이 클라우드 기반 플랫폼은 하드웨어, 소프트웨어 및 서비스와의 원활한 통합을 위한 API를 포함하여, 정확성을 높이고 문제 해결 속도를 빠르게 하며 운영 비용을 줄이는 데 기여합니다.
RaceTrac a sélectionné la solution cloud de gestion des actifs Invenco by GVR de Vontier (NYSE: VNT) pour gérer à distance les actifs des stations-service dans plus de 800 magasins répartis sur 13 États. Ce système aide à maximiser l'efficacité opérationnelle grâce à la gestion à distance, la maintenance préventive et les ordres de travail automatisés. RaceTrac a rapporté avoir évité 10 000 déplacements de camions l'année dernière, avec 59 % des ordres de travail créés automatiquement. La plateforme cloud comprend des API pour une intégration transparente avec le matériel, les logiciels et les services, permettant une meilleure précision et une résolution plus rapide des problèmes tout en réduisant les coûts opérationnels.
RaceTrac hat die cloud-basierte Lösung von Vontier (NYSE: VNT) namens Invenco by GVR ausgewählt, um die Vorplatzanlagen in über 800 Filialen in 13 Bundesstaaten fernzusteuern. Das System trägt dazu bei, die Betriebseffizienz durch Fernmanagement, vorbeugende Wartung und automatisierte Arbeitsaufträge zu maximieren. RaceTrac berichtete, dass im vergangenen Jahr 10.000 Lkw-Fahrten vermieden wurden, wobei 59 % der Arbeitsaufträge automatisch erstellt wurden. Die cloud-basierte Plattform enthält APIs für eine nahtlose Integration mit Hardware, Software und Dienstleistungen, was zu verbesserter Genauigkeit und schnelleren Problemlösungen bei gleichzeitiger Senkung der Betriebskosten führt.
- Secured major contract with RaceTrac for 800+ store implementation
- Client reported significant cost reduction through 10,000 avoided truck rolls
- System achieves 59% automation in work order creation
- Solution demonstrates proven operational efficiency improvements
- None.
Insights
The partnership between RaceTrac and Vontier's Invenco represents a significant technological advancement in forecourt management, with tangible financial benefits. The implementation has already demonstrated remarkable efficiency gains, with 10,000 avoided truck rolls translating to substantial cost savings. The 59% automation rate in work order creation indicates a major operational improvement.
The cloud-based solution's API integration capabilities create a scalable ecosystem that streamlines operations across RaceTrac's 800+ locations. This implementation goes beyond simple maintenance management - it's a comprehensive digital transformation that addresses critical business challenges including fuel theft prevention, preventative maintenance and remote troubleshooting. For Vontier, securing a major client like RaceTrac (the 18th largest private company in the US) validates their technology and opens doors to similar large-scale implementations in the convenience store sector.
Forecourt Asset Management Selected to Ensure High Uptime, Save Money and Time and Boost Customer Experience at Convenience Store Leader’s 800+stores
"RaceTrac’s mission is to ensure our on-the-go guests enjoy a frictionless and positive fueling experience,” said Brian Nay, RaceTrac’s director of field services. “Invenco’s asset management helps us deliver a very high level of reliability and consistency, which directly impacts our bottom line by maximizing sales opportunities and building customer loyalty.”
Invenco’s forecourt asset management centralizes and simplifies site management by offering a cloud-based dashboard for real-time access to remotely manage forecourt equipment to maximize uptime and reduce the need for on-site repairs. RaceTrac leverages asset management to deploy over-the-air updates, reduce unexpected costs through preventative maintenance, prevent fuel theft and implement remote fixes.
"We avoided 10,000 truck rolls last year,” said Nay. “That's a big number when you think about what it costs to send out a vendor. This not only reduces operational expenses, but also ensures that problems are addressed quickly, keeping our equipment running smoothly and reliably. In addition, by monitoring this data, we can identify potential issues before they become major problems, ensuring that our operations run efficiently and reducing unexpected repair costs.”
Unlike traditional systems, this remote management solution is a cloud-based platform that also includes Application Programming Interfaces (APIs), enabling seamless integration with Invenco’s, RaceTrac’s, and other third-party hardware, software, and services. APIs enable the automation of work orders, significantly reducing the need for manual intervention. "
“We’re excited to partner with RaceTrac to help them continue to improve their customer experience and operational efficiency,” said Kartik Ganapathi, President, Invenco by GVR. “How RaceTrac uses our asset management platform and APIs to boost business performance is really a template other companies should be following to maximize their results.”
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About Vontier
Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company’s website at www.vontier.com.
About Invenco by GVR
Invenco by GVR, a Vontier company. is a global leader in the convenience retail industry. Built to help customers adapt and innovate to stay ahead, Invenco by GVR will be the operating system for convenience retail, producing agile solutions for accelerated growth and value. Invenco by GVR Solutions can be found in nearly 165,000 connected devices across 50,000 convenience stores in more than 50 countries. To find out more about Invenco by GVR visit www.invenco.com.
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Media Contacts
Corporate Communications:
Marty Hanna
Vice President, Communications, Vontier Corporation
martin.hanna@vontier.com
Investor Relations:
Ryan Edelman
Vice President, Investor Relations, Vontier Corporation
ryan.edelman@vontier.com
Source: Vontier Corporation
FAQ
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