FleetIT Simplifies Fuel Saving

First published August 2020 | Updated November 2023

We could all do with fuel savings in these economic times. Did you know that fuel costs account for approximately 40% – 90% of your fleet costs?

Fuel management is an area that can generate significant savings. If left unattended, however, it can result in fuel theft and fraud—with serious financial implications to your fleet and total cost of ownership.

There are many resources available on how to drive fuel savings and eliminate risks of fraud or theft. All of which involve applying operational processes, installing hardware and implementing incentives.

Some solutions include installing fuel sensors, probes, anti-siphoning devices and speed limiters. Fleets can also use:

• telematics rules and scorecards to manage driving behaviour,
• align with major fleet card providers to manage fuel spend
• as well as utilise various loyalty programs offering reduced fuel pricing at specific filling stations.

However, what often lacks is an effective tool to analyse your fuel savings, spend and risk.

Fleet managers and owners can’t simply identify whether the implemented solutions are working. Nor can they see whether the reduction in fuel loss is greater than the capital expenditure on these solutions. For this reason, a comprehensive solution for managing fleet information, cost and maintenance is vital.

Here are the top four ways FleetIT will help you manage your fuel savings:

1. Instant Notifications For Fill Ups With Excessive Fuel Consumption

FleetIT generates notifications on every fill-up that exceeds the vehicle’s fuel consumption rule or is less than 30% of the rule. This identifies poor driving behaviour trends and highlights possible fraud, theft, misuse, and errors.

Our interactive fuel transactions grid and reports display the fuel consumption by tank and mileage covered on each tank (which can be sorted with a click to simplify the investigation).

2. Review Fuel Spend And Consumption Compared To The Price Per Litre

Our dashboard trends the fuel consumption and fuel spending compared to the price per litre. This helps to identify fuel savings and whether they are attributed to fuel price decreases or efficiencies.

You can also review the price per litre on each transaction and identify if the fuel used is higher than the preferred pricing obtained by fleet cards and loyalty programs.

3. Assess the impact of accessories and software charges on your fleet CPK

Using our CPK analysis tool and interactive dashboard, Fleet managers can review the breakdown of costs by asset. You can quickly identify the change in cost per kilometre and how it impacts the fixed costs of your fleet. These can be back-dated so you can immediately determine the ROI.

4. Analyse fuel consumption by asset make, model, category and type

FleetIT allows users to review and analyse their fleets fuel consumption and compare it with other makes, models, asset categories and types.

For example, see how a 4-ton curtain side truck’s fuel consumption compares to an 8-ton rigid. You can also compare the up-front savings on a cheaper fuel-guzzling sedan to a more expensive yet fuel-efficient option.

These answers will help you with an improved fleet policy to ensure guaranteed long-lasting fuel savings and efficiency.

For these tips and more, sign up to our blog or to arrange a free demo on how FleetIT can simplify your fleet management.

Reach out to our fleet experts by email on info@fleetIT.co.za