Manage commercial vehicles with the new-age Fleet Management Software
Streamline your scattered workforce with Field Force Management Software
About Us
Get to know TrackoBit: our team, ethos, values, and vision.
Careers
Join the most dynamic cult of coders, creatives and changemakers.
Tech Support
Learn about our technical support team and services in detail.
Events
Check out the exhibitions where we left our marks and conquered.
Contact Us
Connect with us and let us know how we can be of service.
Table of Contents
ToggleFuel is the biggest cost in any fleet. Depending on the nature of the business, it can surpass even vehicle acquisition costs at times. It is the biggest fleet function to flow cash out of fleet managers’ hands.
Table of Contents
Toggle
It is to regulate the cash and energy flow that fleets need to function with fleet management software that comes with fuel monitoring systems.
Fuel consumption in India alone is as massive as 88.2 billion liters of diesel and 37.2 billion petroleum each year for only fuel-based commercial vehicles.
In this blog, let’s see what fuel monitoring in fleet management systems is. We’ll also see the purpose it serves in bettering the entire fleet’s functioning and business bottom line.
This might come as a surprise, but according to research, most businesses end up spending about 24% of their fleet budget on fuel! A lot of factors end up contributing to these massive digits. Some of them include:
Sure, most of these practices are inevitable. It is not possible to completely avoid rash driving and other factors. However, through fuel monitoring in fleet management systems, managers can certainly reduce consumption.
Fuel monitoring systems in fleet management software collect data on how fuel is filled and consumed in your vehicles. It gets accurate data that allows managers to determine vehicles’ running costs. On the surface level, fuel monitoring only helps in reducing fuel consumption. However, from a wider lens, it positively affects the entire fleet budget.
Before technology made everything easier, fleet managers used to collect estimated fuel data on paper. Most of these data only included calculating when the fuel tank was filled and how fuel was ejected or consumed from vehicles.
As technology advanced, papers were replaced with excel sheets that make analyzing data much simpler. However, most of the data collected was still manual and estimated.
It was when fleet management software came along that an amalgamation of hardware and software made fuel monitoring interesting. Now, managers can install fuel level sensors in each of their vehicles’ tanks and integrate them with software.
With fuel sensors, the software can tell when and how much fuel was filled in a gas tank. Similarly, it can also tell when and how much fuel was consumed from the tank.
In fact, due to real-time tracking, fuel tracking software can also tell exactly what amount of fuel was consumed. This also helps in driver behavior analysis and route planning.
Fuel monitoring at one point used to be a fancy feature that didn’t get much attention. However, fuel monitoring has become a basic feature in fleet management software systems. So, what is it exactly that these systems offer? Let’s look into fuel monitoring’s major features.
How managers choose to manage their fuel consumption quantum and costs can make or break their functions. The wisest thing to do in today’s time is to make use of the technological aid available. Therefore, in this section let’s talk about the multi-purpose advantages of fuel monitoring systems.
Fuel monitoring systems might seem minuscule since, on the surface, all they do is collect data and present it in bite-sized reports. However, when we look into the system’s applications, we can tell how important it is for the overall functioning of the fleet.
With fuel management in fleet management systems, managers can effectively reduce fraud and operational costs. They can also strengthen their workforce and route optimization systems. So, what are you waiting for? Turn to TrackoBit to increase your business profits today!
Fuel monitoring system software lets managers keep track of fuel consumption patterns, keep track of fuel refill and drainage activities, and get notifications for unusual consumption or idling patterns. Not only that, it even tells how much operational cost you are bearing on fuel purchases. This helps in better analysis and lets fleet managers improve their driving and consumption patterns.
A fuel monitoring system helps in assessing the fuel level and consumption patterns. They help fleet managers a lot in predicting their fuel consumption and associated costs. Not just that, it offers prompt alerts and notifications for suspicious fuel drainage activities, which further helps spot malicious fuel theft.
Our adept fuel monitoring system lets you access: - Live fuel level updates with location and vehicle status. - Breakdown of total fuel consumption and costs - Fuel refill and drainage reports - Total mileage reports - Alerts for drainage or fuel refill activities
Ayushi Nagalia is a Senior Content Specialist at TrackoBit. She is passionate about music, writing, and reading. When not abusing her keyboard, you will find her lost in her playlists or organizing things.
Unfold the what, why, and how of telematics control units. From its workings to understanding the difference between TCUs and TGUs- everything, so get started.
Running a fleet without strategizing? You are doing it all wrong. Here, note down just 9 ways to form a spectacular fleet management strategy.
Read a lot of pieces around digital tachographs? Still not clear with what exactly is this? This piece is for you as it unfolds everything about tachographs.
Do you see a blinking check engine light but don’t know what it means or the reason? In this blog, we will learn why deciphering DTC codes is crucial for identifying the issue.
In the meantime, why not find out more about us, explore our products, or visit our blog?
Stay Updated on tech, telematics and mobility. Don't miss out on the latest in the industry.
We use cookies to enhance and personalize your browsing experience. By continuing to use our website, you agree to our Privacy Policy.