According to research done by the National Highway Traffic Safety Administration, fuel expenses can take up to 60% of total fleet business costs. With the ever-rising fuel prices, having a fuel management system will save your business a large sum. This is why it is important for every fleet business to have a fuel management system.
Let’s have a closer look at how this works.
A fuel management system is a combination of hardware and software technology that is used to optimise fuel consumption in various industries such as mining, construction, and transportation.
Fuel management systems ensure that fuel is being used efficiently by monitoring factors such as fuel consumption and engine performance. Businesses without a fuel management system battle with the cost of fuel daily.
Fuel monitoring systems work hand in hand with fleet management software and telematics to be able to translate the data. Here is a brief breakdown of two components of fuel monitoring systems:
Here are some of the things that can go wrong when your fuel is not being monitored:
There are many benefits that come with having a fuel management system, such as:
Fuel management is about gaining full control of all the fuel operations in the business in order to reduce costs. It’s about knowing which vehicle needs refuelling, monitoring driver behaviour, maintenance, and fuel storage, and getting detailed reports. A fuel monitoring system, on the other hand, is the literal real-time tracking of fuel levels using fuel monitoring tools such as a fuel level sensor. Essentially, the fuel monitoring system is a part of fuel management.
Let’s have a look at Chris, who’s fleet manager at a logistics company. He has noticed that every time a certain driver uses one of his cars, the petrol in the tank doesn’t last long. He always checks receipts for the fuel cards and just doesn’t understand why there are so many refills. So, where does the fuel go?
Chris suspected fuel card fraud, so he decided to get a fuel monitoring system to better assess the situation. To his surprise, it turns out that the driver was always taking a longer route because he was more familiar with it. There’s a bakery on the way that he likes and normally stops by. This route increased the mileage, which is why the driver always needed to refill.
Chris also noticed that the same driver had many incidents of excessive idling. This was because whenever the driver would stop by his favourite bakery, he would leave the engine running, thinking it would just be a quick in and out. However, on some days, there would be a queue, and he’d wait longer for his baked goods. Chris has since coached the driver on driving habits that increase fuel consumption and is now seeing massive improvement.
From this, you can see that very simple and innocent things can have a huge impact on fuel expenses. A quick analysis plus some chats with your drivers can save your fleet a fortune.
Cartrack is an industry leader in the fields of telematics and has helped many from different industries, such as transport, construction and mining, to maximise their fuel savings. With us, you get:
Mifleet is cost management software that can help you detect fuel theft and fuel card fraud by validating transactions with vehicle telematics data such as location, litres and tank capacity. This powerful tool gives you alerts whenever there is suspicion of fuel fraud, allowing you to further investigate and resolve the matter.
You can monitor your vehicle or machinery’s in-tank fuel levels with any of the following three fuel monitoring tools:
An overworked engine uses more fuel. Cartrack has a preventive maintenance feature that tracks engine hours. This feature provides real-time alerts of engine faults and automated maintenance schedules for each vehicle, so you know in advance which vehicles are due for servicing.
Find the best order for drivers to complete tasks and create job routes for drivers to minimise mileage and fuel consumption.
Promote driver safety by installing our AI LiveVison Camera solutions to help you monitor driver behaviour. Drivers get real-time alerts whenever distracted behaviour such as yawning, cell phone use or smoking is detected, allowing the drivers to make corrections quickly. The goal is to avoid driving habits that increase fuel consumption, such as harsh braking, which often happens when the driver is distracted and suddenly has to stop. You can also have external cameras that monitor your fuel cap installed into your vehicles.
Get reports on driver events such as speeding, harsh braking and harsh cornering for each driver so you can use them to coach drivers on their areas of improvement.
We are an all-around solution for everything related to running a fleet with a user-friendly platform that gives you peace of mind. We are industry leaders in fuel management and all things fleet-related.
Contact us today to help you fuel your fuel efficiency.
What does a fuel management system do?
A fuel management system is a combination of hardware and software technology that is used to optimise fuel consumption
How does the fuel management unit work?
A fuel management unit (FMU) is a secondary fuel regulator on the return line to the tank. A rise in fuel pressure equals a directly proportional rise in boost.
What is the purpose of a fuel monitoring system?
A fuel monitoring system effectively manages fuel usage by reducing costs, enhancing overall operational efficiency, and meeting regulatory compliance.
What is the management of fuels?
The management of fuel is a process of managing and improving overall fuel usage and costs using telematics.
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Need a better understanding of how a fuel management system works? Cartrack is here to best explain why you need it.
