Fuel is one of the widely used expensive resources. Increasing vehicle production raises the demand for oil and gas, which brings the global fuel economy into a massive crisis; why? Limited natural resources are the main issue with fuel.
It becomes challenging to maintain and manage fuel expenses in the fleet business, though fuel price steadily rises. In 2019, most fleet managers reported that approximately 24% of their operational costs are fuel expenses.
Logistics experts say a slight improvement in fuel management could save a vast amount of operational costs.
What is a fuel monitoring system?
Fuel management is the process of managing & monitoring fuel consumption and its expenses. Fuel consumption of a fleet depends typically on the vehicle you use. An automated fuel monitoring system helps to track real-time fuel consumption, sudden fuel draining, fuel refilling, and fraudulent activities in a vehicle.
How does the Fuel Monitoring system work?
The fuel sensor installed in the fuel tank will help collect the real-time fuel level accurately and transmit it to the secured cloud server.
This Fuel data is processed and viewed as reports in the fuel monitoring application anywhere from any time. Every activity on the fuel tank like fuel fill, fuel drain are deducted and alerted via notifications from the fuel monitoring application.
Benefits of Fuel Monitoring System
The core benefit of the fuel monitoring system is cost saving. You can reduce up to 40% of fuel expenses by using an advanced fuel management system. Here are three benefits of using a Fuel monitoring System in your fleet.
Fuel Theft Prevention
Diesel theft is one of the significant problems when it comes to fuel management system. Every year it is recorded, approximately $133 bn dollars worth of fuel is robbed globally. Fuel theft happens with both outsides and also by insiders of an organization. Drivers follow many techniques in fuel theft, which you can’t even imagine. Manipulation of invoices, damaging the odometer, starting drawing from the fuel tank, contaminating the fuel, and finally, they’re going to blame it on vehicle maintenance. It is even more of a tough task to know how your fuel is being robbed. To know more about fleet management software.
Using fuel sensors in vehicles worth?
The fuel monitoring system helps you deduct the real-time fuel level usage and alerts you with SMS or Email notifications if any actions are performed in the fuel tank.
- Precise Data
Fuel Consumption Monitoring
By using an automated fuel management system, you can collect accurate real-time fuel data from the vehicle. Fleet operators or managers can monitor the vehicle fuel consumption from the start of the trip to the end of the trip.
Any refueling, sudden drain, or any fuel tank activities are also deducted, and instant notifications are sent via SMS or email to the fleet operators.
Idle Wastage on Fuel
Most of the vehicle manufacturing industries say the fuel used for 30 seconds of engine idling time is the same amount of fuel used while you start your vehicle. Now with an advanced fuel monitoring system, you can have an eye on your fuel and engine idling time. This report gives complete detail on idling time, location, fuel wastage, and entire engine off or on status throughout a trip.
Fuel Mileage reports
Mileage is closely related to fuel. Fuel mileage reports give you a complete view of your vehicle status, how much fuel is used to travel a certain distance. By using this mileage report, not only you can see the fuel consumption, but you can also know the status of the vehicle. Whether the vehicle engine is in good condition, the mileage your vehicle provides will be more. Fuel consumption of a vehicle is based on the vehicle condition which you use. Having a good vehicle tracking system will provide you the best fuel mileage reports.
- Saves fuel costs and increases efficiency
We know fuel is one of the limited and costliest materials for running a fleet, but a fuel management system can save a vast amount of unwanted fuel expenses and increase your fleet’s fuel efficiency.
The Fuel management system will become easy and transparent when you have a direct view of your vehicle. Make fuel monitoring systems a necessary factor for running a fleet and get profit. Arm yourself with real-time data and take your business to the next level.