Many major companies have come to accept fuel loss as a matter of business – something they must accept. Even in small companies, some fuel loss is a given. In some cases, this fuel loss can be explained. In many, however, it cannot.
Is this fuel loss ‘acceptable’? No, but many of us have come to accept it. Here’s the thing: you don’t have to.
What are the primary causes of fuel loss?
Fuel loss can largely be attributed to three different causes: accidental or explained fuel loss, reckless driving, or deliberate fraudulent activity. 93% of fleet managers think that some of their drivers are committing fraudulent activity.
Two of these can be remedied. Accidental or explained fuel loss cannot. This is something that all companies will need to deal with. However, tracking your fuel accurately can allow you to identify the difference between explained fuel loss and fraudulent fuel loss, when previously it was often an undetectable difference.
Fuel management is often largely convoluted and difficult to track. Our legacy systems simply cannot handle the sheer amount of fuel data and organize it in a linear manner.
How can we solve it?
To put it simply: we need better fuel tracking. This doesn’t mean we should replace our sensors or even software. It means implementing technology that can organize our fuel data for us in an easily consumable manner.
This is one aspect in which our fuel tracking platform, STAMP Fuel, excels. It’s easy-to-use, blockchain-enabled and it integrates with any pre-existing systems. STAMP Fuel displays your data in a way that makes sense to you – instead of forcing you to wade through an excess of difficult and siloed information. Blockchain ensures that this data is secure, transparent and traceable.
Instead of forcing you to identify fraudulent activity, STAMP Fuel does this for you by displaying anomalies, fuel IDs and general fuel usage in one place.
Fuel loss doesn’t need to be accepted. It might seem like a necessary evil of managing a fleet, whether in mining or otherwise, yet it does not need to be. You can, rather, use a blockchain-backed platform – such as STAMP Fuel – to organize all of your fuel data and take the time and cost out of exhaustive fuel tracking.
Want to find out more about STAMP Fuel? Click here or download our informative eBook here.