The Importance of Fuel Management – help your company save money. Fuel management should always be a priority in your organization, and the number of couriers on the road has expanded in recent months, increasing demand for these services. The transportation and logistics sector has a lot of variable costs, and you might improve your margins by being more efficient with how you handle your fuel and storage tanks.
Fuel Management gives fleet managers complete control over their depot’s stock levels, eliminates errors that can occur with manual stock control, reduces fuel fraud, and lowers overall fuel expenditures. We have a few pointers to help you reduce waste and hence increase earnings.
Theft of Fuel
Fuel theft is unfortunately common in South Africa, and a major amount of it impacts commercial businesses, with just about 1% of cases being investigated and prosecuted. Fuel theft can occur for a variety of reasons, including failure to declare the exact fuel usage, odometer tampering, and poor or no vehicle maintenance. It can be difficult to identify at the right moment and in the right place, making it difficult to pinpoint blame and hence deal with it. It is critical to handle this in a timely manner and to minimize business damage as soon as possible. A fuel management system would allow you to spot any discrepancies in fuel usage in your fleet and swiftly address them.
Fuel management systems provide precise data, allowing you to report on how things are progressing to your company in real time. This can assist you in identifying methods to improve aspects of your fleet or business in order to run more efficiently while lowering costs. Having an automated system means less time spent on paperwork, which frees up time for other tasks, less ‘human’ error, which requires double-checking, and digital data delivery, which is especially important now that we have all experienced the need to limit contact with others and movement around the workplace to help reduce Covid transmission.
You may ensure that you order fuel just when you need it, avoiding spending money on fuel that will not be used right away. It’s also a lot easier to review your entire fleet, which means you can compare how vehicles are performing and monitor them to discover which ones have the best aerodynamics, engines, and weight. It’s also a good idea to assess your drivers’ abilities, keeping track of best practices and encouraging the proper degrees of acceleration and braking while on the road. Data can assist you in directing your team to the optimal routes so that they may drive safely and promptly while using the least amount of gasoline possible.
Vehicle management is also important to keep in mind; cars should be examined on a regular basis to ensure that repairs are made on time, that tyre pressures are correct, and that tread is safe – all of which can waste fuel at a higher rate than necessary, costing you money.
Per-Kilomile tracking costs To help you keep track of your fleet’s performance, the Fuel Monitoring System generates a report that shows you how many miles the fleet can go on a certain amount of fuel, allowing you to improve areas where they are higher than necessary and save money. Once installed, a fuel management system provides real-time data that can help you manage and improve many aspects of your business quickly and efficiently, letting you to focus on providing high-quality service to your clients.
We recognize that downtime can cost your business thousands of rands, which is why all of our Fuel Management Solutions will assist businesses of all sizes. For further information, get in touch with MTC Masters.