How implementing Fuel Management in your company will translate into more competitiveness and operational costs reduction.
Managers are already aware that fuel spending represents a huge cost for companies that own fleets of vehicles. Affecting mostly companies acting in the transportation and construction segments it is not a problem felt exclusively by the operators from these industries.
Managers can opt to implement a variety of actions in order to reduce the monthly fuel bill. Driver behaviour analysis followed by the implementation of a program designed to encourage drivers to adopt a more conscious driving style, fuel card solutions, choosing the cheapest fuel provider in the moment of refuelling and the type of tyres used, are some of the options available.
However, even though companies can implement solutions to reduce the daily spending of fuel it is important to be aware that fuel thefts affect seriously the companies’ fuel bill. Fuel thefts are especially notable in times when crude prices rise, however, these days fuel theft is becoming an austerity trend.
When it comes to prevent fuel thefts, telematics solutions provide a notable help, there are 3 main areas where to intervene:
Control the fuelling process: it has been identified that a great part of fuel thefts take place in the moment of refuelling the vehicle, there are distinct ways to do this, commonly the fuel is filled in the tank but also in a jerry can placed near the vehicle. The company will ultimately pay the full amount of litres, the ones that entered in the company vehicle and the extra ones that entered in the jerry can.
Telematics Solutions provide a huge help in identifying these situations. This is made through a report that compares the number of litres filled in the tank with the number of litres invoiced by the fuel shop. If an anomaly is detected managers will receive this report.
Physical Fuel Caps: Fuel caps that send alerts in real time in case they are opened, are extremely useful as they send an alert in real time every time the cap is opened, having added the possibility of creating alerts only for non-authorized locations.
Tank Level Monitoring in Real Time: Fuel Level monitoring might be carried out in different ways. Connection to the vehicle Can-Bus, digital sensors that are connected to the odometer, fuel probes installed in the fuel tank are the most common forms of monitoring fuel levels. The difference between these connections lies in the accuracy and to the level of intrusion in the vehicle. Commonly these sensors accuracy varies from 90% to 100%.
A can-bus connection detects deviations superior to 5%, fuel probes usually generally have higher levels of accuracy identifying smaller variations, with a level of accuracy that, as published by manufacturers reaches 100%. Digital sensors are the less accurate sensors as they only detect variations superior to 10%.
Inosat offers a range of solutions in this area that cover the 3 types of fuel level monitoring allowing managers to automatically detect frauds in refilling fuel, identify sudden fuel drops in the tank and receive alerts if the tank cap is opened in unauthorized locations.
Check out our fuel management page www.inosat.com/fuel-management or contact us for more information.