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 Fuel Monitoring.
What is a fuel Monitoring system?
As the name suggests, fuel monitoring systems software is a technology-driven solution for private and commercial use. A fuel monitoring system aims to manage and monitor fuel consumption for a vehicle or the entire fleet of vehicles. The Thingsup fuel monitoring system is part of the more comprehensive Thingsup management solution that is technology-driven software for efficient Thingsup management.
Fuel monitoring systems are typically used by industries or companies operating a large Thingsup of vehicles for commercial transportation, including railways, airways, waterways, and roadways. Basically, any mode of transport requires fuel to run. Thingsup 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 monitoring systems India.
Fuel monitoring systems are used extensively by the transportation industry, primarily to improve fuel efficiency. However, fuel efficiency is a very vague term that can be interpreted in various ways. In the context of transportation, fuel efficiency can be defined as how much distance a vehicle covers in one unit of fuel. In India, the most common fuel used for commercial vehicles like trucks is diesel, followed by petrol and CNG.
The unit of fuel efficiency in India is calculated as kilometres per litre (kmpl). The goal is to maximize fuel efficiency by maximizing the distance a vehicle could cover per litre of diesel or minimizing fuel consumption for the distance covered. In addition to this, the Bureau of Energy Efficiency, India, in 2017, has set fuel efficiency norms for commercial vehicles (CV) based on Gross Vehicle Weight (GVW) of 12 tonnes or higher. Hence, it has become necessary for manufacturers and transporters to improve vehicle fuel management for compliance with regulatory requirements.
In a nutshell, to briefly touch upon the need for a fuel management system for trucks and other vehicles, we can say,
- 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 behaviour for better fuel management.
Thingsup fuel management systems using technology and data helps companies manage such issues better and execute effective fuel management strategies. Let’s look at some of how engine management systems can improve fuel efficiency for transport.
Why There is Need for Fuel Monitoring in logistics Industries
1. Fuel is a major expense for logistics companies.
In fact, fuel costs can account for up to 30% of a logistics company’s operating expenses. By monitoring fuel consumption, logistics companies can identify areas where they can reduce fuel costs, such as by optimizing routes, improving driver behavior, and detecting fuel theft.
2.Fuel monitoring can help logistics companies to reduce their environmental impact.
By reducing fuel consumption, logistics companies can help to reduce their emissions of greenhouse gases and other pollutants. This is important for logistics companies that want to be more sustainable and meet the expectations of their customers.
3. Fuel monitoring can help logistics companies to improve their operations.
By tracking fuel consumption, logistics companies can identify areas where they can improve their operations, such as by optimizing routes, improving driver behavior, and detecting fuel theft. This can lead to reduced costs, improved safety, and increased customer satisfaction.
Here are some specific examples of how fuel monitoring can benefit logistics companies:
- A logistics company in the United States saved $1 million per year by implementing a fuel monitoring system. The system helped the company to identify and correct areas where fuel was being wasted, such as by optimizing routes and improving driver behavior.
- A logistics company in Europe reduced its fuel consumption by 10% after implementing a fuel monitoring system. This resulted in a reduction of 1,000 tons of CO2 emissions per year.
- A logistics company in Asia detected and prevented fuel theft after implementing a fuel monitoring system. The system helped the company to identify unauthorized fuel usage and take steps to prevent it.
Thingsup’s Fuel Monitoring Solution:
Thingsup’s system for watching fuel is a game-changer because it uses really smart technology to help in lots of ways:
- Real-Time Fuel Tracking: Using super-smart tech, Thingsup’s system shows how much fuel is left, how it’s being used, and when it needs more.
- Understanding Fuel Efficiency: The system looks at all the information and figures out ways to use fuel better. This helps managers know what changes to make.
- Setting Boundaries and Alerts: The system can send a message if a vehicle goes off its planned route or uses too much fuel. This keeps everything under control.
- Reports Made Just for You: Thingsup’s system creates reports that show exactly how fuel is used. This helps managers make really good choices.
An efficient Fuel-monitoring 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 monitoring systems can be a great tool to manage fuel efficiency.