The honor system… is no system at all.

Let’s start by getting the obvious out of the way. After labor, fuel represents the highest cost of running a fleet. If you have your own fuel tanks and pumps, you need a fuel management system. No ifs, ands, or buts about it. Fuel is expensive, and constantly buying it without knowing who takes it, how much of it and where it goes is as unacceptable as having a bank account without the same level of control.

However there is one additional, major benefit in having a fuel management system. It is an investment that pays for itself, and then some! With a fuel management system in place, the savings achieved relative to an “open bar”/honor system scenario represents at least 10% of fuel consumption. Some numbers may help illustrate the point.

Let’s take the example of a 50 vehicle fleet, and suppose that each unit consumes an average of 50 liters per week. Even if we look at a scenario where you pay only $1/L, that still adds up to $130,000 a year, and we’re not even considering how much higher that number could be if fraud and leaks are taken into account. As mentioned previously, a control system can reduce consumption by at least 10%, i.e. $13,000 in this case.
That is nothing to sneeze at, and a 50 vehicle fleet isn’t even that big. Many products and services present themselves as investments, but this is one case where this view is especially true.
When it comes to the management of your fleet, you simply cannot mess around with something as critical as your fuel tracking and consumption. Contact us today to find out how SM2 Fuel can help optimize your fueling operations. Thanks for watching and until next time, keep it efficient.

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