Member Article

How fuel level monitoring can save businesses money

It is well known that GPS tracking provides numerous benefits that help save businesses money and increase company revenues; none more so than reducing fuel costs. This blog explores just how GPS tracking and fuel level monitoring can help save your business cold hard money.

Many industries and organisations use vehicles as part of their business operations. For companies that rely on vehicles every day, accountability for fuel usage is high on the business’ agenda. Over the past few years GPS tracking devices have become increasingly sophisticated, incorporating not just driver identification but real driver behaviour monitoring. Many tracking systems now provide a comprehensive suite of vehicle tracking reports, including speed monitoring – a major contributor to excess fuel usage.

Fuel tracking can help companies save money, improve efficiency, safeguard drivers and insurance premiums, protect the company against bogus claims and ultimately deliver many improvements to the bottom line.

Sticking to speed limits

With the price of fuel on the rise, business owners of almost all industries are seeking cost-effective ways to manage this fundamental company expense.

It has long been established that breaking the speed limit and driving fast burns extra fuel. In fact it has been estimated that excessive speeding can reduce annual fuel efficiency by as much as 40%.

By posting speed limits in real-time, which send out alerts that notify drivers and fleet managers when a speed limit has been exceeded, GPS fuel tracking technology encourages employees to slow down and stick within limits, ultimately saving businesses money on fuel – as well as reducing the risk of accidents and covering corporate responsibilities.

Monitoring driver behaviour

Installing fuel level monitoring technology into company fleets inevitably encourages drivers to practice safer driving habits and be more accountable. Knowing their driving habits, speed and fuel consumption are being monitored, employees tend to take greater care when behind the wheel of a company vehicle. What you don’t know, you can’t influence. And if you have no idea what happens to your fleet on the road then you can’t control your fuel costs.

The improved driving behaviour generated by GPS tracking technology ultimately helps save a company money be reducing unsafe driving and speeding fines, as well as delivering operational efficiency by improving fuel consumption and a company’s reputation. At the end of the day it is the company’s responsibility if an employee drives irresponsibly and causes an accident. The driver on the road is so often the face of the company to the public at large.

Business can forecast costs and allowances

Fuel level tracking can also means businesses can integrate vital data such as fuel consumption, driving habits and real-time data on the road, to forecast costs and allowances.

By having a more in-depth understanding of the fuel consumption required on different routes, companies can implement such knowledge to run efficient route planning. They are then in a much better position to work out costs and allowances, thus enabling organisations to budget more efficiently.

Job Dispatch

If your drivers are out all day then allocating jobs on the fly is generally done by phone. But even hands free calls increase driving risks. Stopping to take urgent calls of this nature also overuses fuel. Job dispatch directly from the office vehicle tracking system to a screen in the cab reduces downtime, saves fuel and makes for an efficient operation. One touch on the in-cab screen re-routes drivers by the most efficient route to urgent calls.

Carbon footprint reduction

Vehicles on the road are responsible for releasing approximately 1.7 billion tonnes of greenhouse gases into the atmosphere each year. Furthermore, CO2 emissions from company travel accounts for over 25% of a company’s carbon footprint.

By doing their bit for the environment, reducing their climate impact can help businesses enhance their reputation and brand, motivate employees and ultimately become more efficient.

By eliminating excessive idling and fuel usage, as well as unnecessary wear and tear of the vehicle, fuel tracking systems can be a valuable asset in helping companies reduce their carbon footprint.

Around the world, a growing number of businesses are taking steps to manage greenhouse emissions. Improved fuel efficiency is one of the most efficient ways for businesses to reduce their impact on the environment, save their business money and be seen in a much more professional and esteemed light.

GPS technology and fuel monitoring devices are an effective way for modern companies to reduce operational costs and condense their carbon footprint.

Monitoring fuel usage with a GPS tracking system doesn’t just save the fuel itself. It is at the core of running an efficient fleet and business. Employees and mobile assets like fleet vehicles are expensive things not to be getting the best out of every day. Saving fuel, working smart, saving the environment. It is all part and parcel of the same solution. And it all increases your bottom line.

This was posted in Bdaily's Members' News section by Simplytrak .