Guest Post By: Kurt G.
With the fluctuating and rising prices of fuel, any business that must use large quantities of fuel is constantly watching and tracking the cost. The latest technology can give them complete control over the fuel purchase and consumption for their fleet.
For many businesses, tracking fuel purchases and consumption takes a large amount of tedious, time-consuming paperwork, which is prone to human error. Fuel management software reduces human error, keeps the relevant information transparent for each fuel manager to view, and has a direct bearing on the economics, as well as the efficiency, of any operation. It helps with estimating fuel requirements, fuel handling, consumption, and calculation of fuel efficiency, as well as fuel order management. It aids in the management of commercial, operational, and administrative functions by finding the best supplier to improve fuel margins with the best price options. A fuel management system can track fuel consumption by vehicle and operator, amount of engine idle time, and odometer readings. It will take the vehicle operator out of the fueling process, eliminating faulty equipment, inaccurate odometer readings, and even employee theft. There are fuel management systems designed for transportation companies, for which fuel makes up about 30 percent or more of the total operational expenses, such as airlines, mining operations, and rail, private, and public fleets.
A fuel management software system can eliminate poor record keeping by sending information directly back to the office from the vehicle’s computer. It can help keep the fuel cost and consumption under control by helping to find the best fuel suppliers and having all pertinent information available for analysis for further improvement.