The 3 main benefits of a fuel management system for trucks
We can break the benefits down into 3 main categories.
Benefit 1: Create an overview for yourself
With a fuel management system, you can view the current status of your fuel consumption. You will be able to see how much you consume and how much money you spend. Not all fleet managers have this overview. With a more advanced fuel management system, you are able to view fuel tank levels in real-time, monitor rapid drops in fuel level and identify instances of over-fueling.
Benefit 2: Optimise cost-efficiency in the long term
- Reduce fuel consumption
There are countless ways to reduce fuel consumption with fuel management systems. For example, these systems enable you to monitor driver behaviour and analyse why one driver is consuming more than others. Is it the driver’s fault or that of the vehicle? You can also have a look at route planning: are they driving the most fuel-efficient route? You can monitor if the vehicle has an optimal tyre pressure, more fuel will be consumed if not. By monitoring and analysing all of these aspects, you are able to reduce fuel consumption by up to 10%.
- Minimise fuel cost
- Fuel card monitoring:
Assists with tracking, monitoring and updating fuel purchase information from drivers’ fuel cards and fuel accounts. You can extract an overview of the cost of the fuel that you paid to a specific gas station. This way, you can use that in pricing negotiations to get a better deal.
- Alerts and monitoring
You can program alerts which notify you when, for example, fuel costs rise above a specific amount.
- Prevent fuel theft
You will be able to cross check fuel purchase quantities and locations. Identify instances and location of rapid fuel loss and when too much fuel has been dispensed.
Benefit 3: Conduct regular checks to keep improving
Advanced fuel management systems can provide you with a dashboard of the most relevant data to compare one specific time period with another. By analysing this data, you can see if the costs are falling, increasing or staying the same. This enables you to instantly see if there is an actual improvement or not. If this is not the case, you need to take different actions and repeat the process.
As you can see, fuel management systems can provide you with a huge amount of benefits. By optimising your fuel efficiency, you are able to save money and increase your margins. This will help your business to be successful and more easily withstand economic fluctuations like Brexit or a recession.
Want to learn more about how Transkap was able to optimise its fleet?
This blog will help you to understand how a fuel management system can benefit you. This is just one aspect of a complete fleet management system. Are you curious about how other companies are leveraging the benefits of a complete fleet management system? Read Transkap’s testimonial and learn how they were able to monitor their whole fleet in one system, optimise the company's assets, improve the planning of the drivers' workload and achieve success at all levels. Download your free testimonial here.