The global construction industry accounts for between 25-40% of the worlds carbon emissions from all its gas-guzzling assets. It’s no surprise construction companies are under intense scrutiny over fuel consumption. Increasingly rigid government regulations are demanding accountability for every drop of fuel that goes into an asset’s tank and how every one of those drops are being spent. Public opinion now plays an equally strong value on sales and gas-dependent companies need to get green to keep and gain more clients, especially regarding lucrative government contracts. Construction fleet managers are needing to report on behaviors they once took for granted and providing detailed data beyond the amount of fuel purchased. They need to know where, how, and why it’s being spent. Traditional methods of manual data collection are no longer adequate and new industry leaders must implement more efficient solutions. The need for accurate reporting tools has become clear, and gas giants like BP are painting perspectives for their customers on the imperative benefits of having automated & integrated fuel management systems, like SM2. At Coencorp, we always start with the individual’s unique needs, so let’s start there to illustrate what BP is telling all fuel consuming industries.
Across industries and markets, we hear the call to real-time data collection and its importance to profitable big data analytics. Companies with fleets to manage have known this for a long time and continue to partner with fleet management system (FMS) suppliers to improve business practices and outcomes.
When people think of fuel management systems (FMS), the first thing that usually comes to mind is some kind of terminal at the pump identifying users and vehicles via cards, key tags, and ID numbers punched on a keypad. In other words, they think of what is mostly the control aspect of a FMS. Although control is an important dimension of such a system, there needs to be more going on than that.
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. The level of sophistication and control required will vary from one place to the next, but the need to have a minimal level of distribution control is undeniable. 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.
Topics: automated fuel management, public transit fuel management, public works fuel management, construction fuel management, mining fuel management, why fuel management system, fuel management system criteria, how select fuel management system, fuel management, what is fuel management, oil and gas fuel management, fleet fuel management