Businesses across industries today require logistics and transportation services to run their business efficiently. Whether it is a goods-producing company or service provider, they need a fleet of vehicles, large or small, depending on the scale of the business. As a result, logistics and transportation account for almost 40-50% of operating expenses for most companies. Fuel is the most significant logistics and transport operation component, accounting for 30-50% of the cost, depending on the industry. The rising cost of fuel has been hurting businesses for years and has become a significant pain point. Hence, it is the need of the hour for businesses to manage their fuel efficiency to bring down their operational expenses. This can be achieved using efficient fuel management systems and better fleet management.
Fuel management allows you to maintain, control and monitor your fuel consumption. Typically used in the transportation industries, fuel management systems can also be used for fleets of vehicles. Fuel monitoring is a key element of these systems, as is tracking, purchasing and dispensing.
With the increasing demand for fuel, especially oil, the stealing of fuel in fuel tanks and trucks has been increasing. To minimize the loss of fuel, transport companies search for their own solutions to manage fuel efficient. In particular, fuel management real-time is a very useful solution for business owners, managers. They will know the exact situation the process of loading and discharging fuel. Moreover, through the GPS tracking device they will know the fuel status on each route, location.
Soji Electronics provides fuel management systems to the commercial transport industry and design, develop, manufacture, install and service a complete range of fuel management systems, pumps and storage tanks.
Fuel management systems are typically used by industries or companies operating a large fleet of vehicles for commercial transportation, including railways, airways, waterways, and roadways. Basically, any mode of transport requires fuel to run. Fleet fuel management system collects fuel-related data like fuel consumption, inventory, and purchase from all vehicles in the fleet. Then, using telematics and analytics-based tools, it processes that information and transmits it to the central server. Computerized software then converts this data into meaningful insights, which can be used for better fuel management and improving fuel efficiency for the entire fleet.
Fuel Efficiency and fuel management systems
Fleet and fuel management systems are used extensively by the transportation industry, primarily to improve fuel efficiency.
The benefits of a complete fuel management:
- An electronic fuel management system can assist companies and transporters in improving fuel efficiency for their fleets to reduce operational costs.
- Fuel Management systems can be a tool for better compliance with regulatory requirements set by the government.
- Engine fuel management systems can provide insights into fuel consumption and usage to reduce fuel wastage.
- A smart fuel management system can help increase overall efficiency by assisting companies in optimizing driver behavior for better fuel management.
Understandably, not all aspects of fuel economy can be controlled. Transport is a fuel-reliant operation, and hence, consumption cannot be considerably reduced. However, better insights, monitoring, and management are made possible by fleet fuel management for trucks and fleet fuel management for cars. Companies can prevent fuel wastages by better managing issues like:
- engine idling
- fuel theft
- fuel cost
- poor fuel reporting
- poor routing and navigation
- Improper vehicle maintenance, among others.
The transportation industry has operated without transparency for decades, resulting in various operational inefficiencies and malpractices. Truck or car fuel management system software and fleet management brought much-needed transparency to the entire transport management system. In addition to that, automation has been a critical USP for fleet and fuel management software in the market today.
An efficient Fuel-management system is the need of the hour for companies and transporters. With fuel prices touching new heights, companies are forced to rethink their operations strategy to minimize consumption and maximize efficiency. Fuel management systems can be a great tool to manage fuel efficiency.