Fuel has got to be the biggest expense for transportation and logistics companies dealing with fleets. This calls for reducing cost related to fuel consumption by investing in fuel management software that will optimise fleet operations and costs.
Controlling ever-fluctuating and rising fuel prices is not possible, but what you can control is the amount of fuel your fleet consumes and increasing each vehicle’s fuel efficiency through proper preventive maintenance and road optimisation.
Read this article to win the battle against expensive fuel prices.
What is a Fuel Management Software?
Fuel management involves controlling and tracking fuel consumption and expenses. The process can be as simple as drivers checking fuel gauges to plan when to refuel or as expansive as studying fleet-wide fuel analytics.
One of the major goals of fuel management is to elevate fuel efficiency, which is measuring how well vehicles convert fuel into energy. Fuel efficiency is generally measured by fuel economy, which is the miles per gallon a truck can travel.
The fuel management system provides fleet managers with precious metrics and fuel data in real-time. Adopting fuel monitoring software can help you identify and reduce fuel-related expenses.
Automated software takes fleet efficiency to another level by consolidating tasks. Fleet managers get real time alerts for unusual vehicle behaviour or fuel purchases. These notifications and alerts make fuel monitoring an effortless part of the fleet trip. The best part is that you no longer need to tend to the heaps of paperwork and tracking receipts, allowing you to focus on the bottom line.
Read More:- What is Fuel Monitoring in Fleet Management Systems?
What are the Ways Fuel Management Systems can Help your Fleet?
Cost saving is undoubtedly one of the biggest benefits of fuel management. Improved efficiency through fuel management allows you to free up most of your resources and capital that can be invested in fleet management platforms and technologies.
Here are ways fuel management helps you bring down fleet operational costs and amp up efficiency.
Lower Costs Through Good Driving Practices
Following the suggested speed limit is an effective method of improving fuel efficiency. Engines are optimised for travel at the speed limit, so speeding can actually lead to fuel wastage.
Fuel monitoring software offers driver behaviour monitoring that helps to detect vehicle speeding, harsh braking events, and cornering idling, which leads to excessive fuel consumption. Thai information even helps fleet managers weed out bad drivers from the good ones.
Improve Fuel Efficiency with Proactive Vehicle Maintenance
It is nearly impossible to rely on drivers to keep track of the vehicles’ maintenance and address the problems while on the road. A fleet management solution comes in handy for this situation,. It lets you schedule vehicle maintenance. The system offers insightful reports on the internal and external health of the vehicles in real time.
Real time diagnostics will send out alerts if the engine has a defect. Timely engine maintenance will help ensure that the fleet performs with the best fuel efficiency.
Detect and Prevent Fuel Theft
Fuel theft is another harmful practice that is causing the companies harm. But worry not. The fuel management system solution comes with real time GPS tracking through which each vehicle’s location gets tracked at all times. This allows you to compare vehicles’ location to the location of the gas purchase.
Telematics software even detects fuel thefts by alerting the managers when the fuel level decreases or increases sharply in a certain amount of time. Fuel management systems provide accurate data on the driver’s fueling location and fuel transactions.
Efficient Route Optimisation for Reducing Fuel Consumption
Advanced fuel management systems often come with route optimisation and planning capabilities, suggesting the shortest route for the fleets’ trips. Thai results in reduced mileage, transit duration, and fuel consumption, along with boosting customer satisfaction.
Wrapping Up!
Fuel, aka liquid gold, is something that transportation and logistics industries cannot do without. But seeing the current situation where the prices of fuel are skyrocketing which is calling for companies to invest in fuel management software a must. It is automating monitoring fuel consumption, ensuring fuel efficiency, reducing fuel consumption and preventing fuel wastage and theft.
TrackoBit offers advanced-level fuel monitoring software that is compatible with almost all fuel sensors in the market. Fleet managers can also expect accurate and detailed fuel reports, analytical dashboard and complete viability of the fuel consumed.
Schedule a demo now!
Source:- Fuel Management Software: Optimising Fleet Operational Cost
