Company fuel data can often become convuluted or lost as, globally, mining and transport companies deal with massive amounts of fuel. Fuel optimization is vital, not only for company cost savings, but also to improve overall company ESG.
Here’s how you can optimize your fuel usage without disruption your entire company processes.
1. Tackle the obvious causes of fuel loss.
Company approach to fuel loss can largely depend on the individual situation. When dealing with fuel loss, we deal with two kinds: the obvious and the hidden. For example, ‘obvious’ fuel loss might include:
- External fraud such as card skimming
- Large amounts of fuel loss tied to one truck or person
- A significant leak in a fuel bowser
More hidden causes of fuel loss will include:
- Reckless driving
- Fuel miscalculations
- Small amounts of deliberate fuel fraud
To begin optimising your fuel data, you should first tackle the ‘obvious’ causes: have your fuel cards been compromised? Is one fuel card consuming far more fuel than the others? Do you have a truck that is consuming more fuel and may need servicing? These are all integral issues to be dealt with before tackling the more muted causes of fuel loss.
To begin optimising company fuel data, we should first tackle the straightforwarded causes: have fuel cards been compromised? Is one fuel card or code consuming far more than the others? Do you have a truck that is consuming more fuel and could have hardware issues?
These are all integral issues that need to be dealt with before tackling the harder aspects of fuel loss.
2. Implement a comprehensive fuel tracking and management suite.
Implementing comprehensively fuel tracking can transform the way you see fuel loss in your company. Smaller, more subtle fuel losses can amount to a huge amount of loss in the long term. This may include accidental fuel loss and miscalculations, temperature-based fuel loss (for example high heat), or small but unsolved leaks.
To identify these smaller but potentially damaging fuel issues, the company first needs a comprehensive fuel tracking platform. Blockhead Technologies’ platform STAMP Fuel tracks fuel usage through an easy-to-use dashboard, comprehensive analytics, and forecasting. All of this data is backed by blockchain, which enables security, traceability, and transparency.
STAMP Fuel also integrates with any pre-existing hardware or software. This means that disruption to the company is limited.
Reliable fuel tracking doesn’t have to be a large change for your company. For smaller companies, it could merely mean moving from paper-based tracking to digital. Transforming your fuel supply chain begins with taking interest in where your fuel is going.
3. Employ fuel tracking measures on a company-wide level.
Fuel tracking measures should be across the entire company. This means that all staff, at all levels, should be aware of the importance of maintain fuel and mitigating unnecessary fuel loss.
Including staff in fuel management and tracking can be a major step towards reducing loss. This can ensure that tracking is done on a company-wide level with accuracy and purpose. In addition, educating staff on how to use fuel tracking software can ensure that you do not have any accidental miscalculations.
You can find out more about STAMP Fuel here or contact us here for a demo or more information.