What will you gain?
Automation of fuel management saves you both the fuel costs and reduction in operations team to the tune of INR 2-3 lakhs (USD 30-40 K) per vehicle per year. The advantages can be realized quickly at less than INR 30,000 in the first year and ~ INR 7,500 per year there after for every vehicle. You can recover entire costs in 1.5 months .In addition, the sensor will enable you in many other ways to improve transportation business.TOP advantages of Intelligent Fuel Management Solution include:
Saves costs by automatic alerts
It is one of the major problems faced by transporters . At present, many transporters have system of fixed mileage decided for the driver. If the driver saves something it goes to him and if he spends more than that it is his loss. Other transporters try to check with other means and determine the mileage based on their experience and negotiate with the drivers. Both methods have problems as first method always has some padding for the drivers and second method is more cumbersome to implement
Integrates Fuel System With TRIP costs
Trip Expense Sheet is the most indispensable part of any transporters business . Without reliable and accurate TRIP costs the quotation to clients can never be sent with high success rate. For example, normally fuels expenses are taken with general mileage for a type of vehicle while ignoring the route and exact effect of cargo the vehicle is carrying . Moreover, fuel costs are different in different states and changing frequently making it difficult to incorporate all the changes manually. An Intelligent Fuel System calculates all this effect and inputs an appropriate value while calculating TRIP expenses.
Single view on all fuel expenses and reconciliation with Fleet cards .
Almost all the major transporters have adopted cash less system to different extent. One of the major cashless systems in India is Fuel Cards provided by Oil Marketing Companies. They act like debit cards and money put can be put in each card by a controller and fleet drivers can use the card to fill fuel or meet some other expenses. The problem here is that reconciliation with OMC is difficult especially when there is a difference in actual amount of fuel filled and the amount debited . The Intelligent Fuel Management System can pull the data from Fleet card system in real time and reconcile with actual filling almost instantly . In case of any exception , the system raises alert so that the problem can addressed quickly
The gains from an Intelligent Fuel Management System are very large as compared to the costs involved. The entire fuel management costs can be recovered as early as 30 days and in worst case 60 days . The Return on Investment (ROI) for the lifetime of a vehicle is more than 100 i.e. you gain 100 for INR 1 invested.
In case you are further interested on knowing the economics, the link provides prices of the hardware. Hardware are the one time investment and life is more than 5 years.