How Installing Fuel Management and Monitoring Systems Can Save Money
Fuel is one of the most expensive resources in just about any organization that relies on it for their operations, whether for manufacturing, transportation, or facilities operations. You need systems for better managing that resource to ensure that you are not losing money.
A fuel management and monitoring system can help you make the best use of this resources and can help you save money. Here’s how:
Prevent Unauthorized Use
Fuel is like gold to some. Thieves and opportunists recognize its value, and they may seize on your fuel supply as a mean of padding their own pocketbooks. Some may outright steal your fuel, and others may pilfer off the top. Others may commit more petty acts like filling up their personal vehicle with your fuel or redirecting the expenses to protect their department budget.
A good monitoring system will restrict the use of the fuel to only authorized users, and it will let you account for where every drop of your fuel has gone. You will be able to eliminate or significantly reduce the theft of fuel or the misappropriate use of it.
Maybe you are monitoring your fuel usage and you just can’t account for a steady amount of fuel that is going missing each week or each month. By using a monitoring system, you can identify the potential for a leak early by identifying these unknown losses.
The earlier you identify a leak, the earlier you can stop it and control your losses. Every second that a leak continues, you are losing money. Imagine how much those losses would compound if the leak went on for days or even weeks? A good fuel management system will help you avoid this happening.
A well-maintained fuel storage and distribution system should dispense exactly the amount of fuel you specify, and it should keep the fuel under the right conditions to minimize loss through evaporation and other means. If the system is not efficient, you could lose a lot of fuel and a lot of money.
A good fuel management system will help you monitor how much fuel is being distributed and to whom, which can help you check the accuracy of your distribution system. If there are inaccuracies, that means your system is probably not efficient. Making repairs or adjustments as quickly as possible will help you to save money by ensuring that only the proper amount of fuel is being dispensed and no time is being wasted in doing so.
Identify Needed Inventory Levels
You may be over-estimating how much fuel your business needs, and in doing so, you may be spending money you don’t need to spend. You can save a significant amount of money by getting a better handle on how much inventory you actually need, and a fuel management system can help you do that.
A good fuel management system can help you monitor inventory levels and usage, helping you to determine just how much fuel you need at any given time. You’ll ensure that you only have as much inventory as you need on hand, and you’ll ensure that you don’t lose money by disappointing your customers or delaying your operations.
Fuel is too valuable to your operation and too expensive. You need to treat it carefully to keep your business operations running smoothly and to protect your budget. Installing a good fuel management system will help you to monitor fuel inventory and usage so you can minimize losses and save money. Over time, you can save significantly, depending on the size of your organization and the kind of issues you were experiencing.
VST, or Valued Systems Technology, offers a superior fuel management system that is weather-resistant and completed secure. The system allows you to track fuel and monitor usage, including the people who are responsible for the transactions. The system has a simple design that is easy to use and requires little maintenance, and VST offers skilled support where needed. We have a proven track record for success, and our contractors are all licensed and insured for both installation and repair of our fuel tracking systems. Call us today to learn more or to get an estimate.
Posted: September 17, 2018