The Importance of Fuel Management: What Does it Do?

A good fuel management system can be understood a little better if we compare it modern banking and, specifically having access to data regarding our money which we’re able to access from any PC connected to the web. We can check transactions with details of time, place and exactly how much money came out of an account. How does this relate to fuel management? Well just think of the money in a liquid form and we have the answer. - See more at: http://www.fueltek.co.uk/the-importance-of-fuel-management-what-does-it-do/#sthash.SIlA2V5C.dpuf After labour, fuel is the largest operating cost to your fleet so installing a fuel management system is nothing less than imperative. Simply put, a good fuel management system not only controls and keeps track of fuel consumption and distribution but also helps to decrease labour and fuel expenditure. Sounds great doesn’t it? Well you’ll find that a good fuel management system will bring with it many benefits such as: Secures your fuel against unauthorised use Allows 24/7 secure, monitored re-fuelling Provide accurate cost per vehicle, group or department for a user defined period Provide accurate performance figures per vehicle, driver, department etc by MPG, KPH, HOUR PER LITRE. Increase efficiency at point of fuelling, savings made by better utilisation of your resources. Enables accurate comparison between fuel used in the engine to fuel dispensed at the pump (using web services to extract information from on board devices) Keeps track of fuel usage Helps track driver performance Track CO2 emissions Predict and flag service intervals Provides low stock and re-order warnings Provides alerts for unusual stock movements Plus much more…… It should be clear to see why any fleet without an FMS in place is at a loss, but you might be asking how it achieves all these things. Well, just to cement the idea that installing a fuel management system is a must, here are some of the ways it accomplishes these feats: Reducing Labour Remember the number one cost to any fleet – well, a good fuel management system can help reduce labour in several ways. Firstly, it eliminates the need for paper transactions meaning administrative labour is reduced as the need to manually enter fuelling transactions into an accounting or ERP system is eliminated. Secondly, most fuel management systems will feature automatic data transfers to a third party system. Finally, all reports pertaining to fuel distribution, consumption and inventory can be produced and sent automatically. Fuel Consumption Whenever there’s a fuelling transaction, a fuel management system will make sure that both vehicle and operator are identified and will keep track of exactly how much fuel is taken. It’ll eliminate spillage as well as making it virtually impossible to take fuel without authorisation. It’ll also allow for tight fuel inventory management through a settlement of totalizer readings, tank levels and fuel transactions. Through all these benefits, you’ll find your fuel consumption being reduced by ten to twenty percent. - See more at: http://www.fueltek.co.uk/the-importance-of-fuel-management-what-does-it-do/#sthash.SIlA2V5C.dpuf

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