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Business owners and operations managers keep a keen eye on the cost and return of equipment, but most view fuel usage as a given expense, where savings are hard to find. But there are tangible benefits to monitoring your consumption …
The most obvious benefit of having an accurate handle on your levels is to know when you need to order more. Running out of diesel can bring work to an abrupt and expensive halt. Monitoring what you use removes any potential for downtime – and keeping an eye on how much capacity you have free means you can also capitalize on low prices when they appear.
How much fuel you use may vary – but knowing what your fuel consumption normally looks like makes it easier to spot discrepancies and oddities. If night-time or weekend refueling is out of the ordinary for your business – it can be a red flag for theft (even in small quantities). A sudden spike in consumption could also point to a leak or spill, or something wrong with a piece of heavy equipment. Understanding ‘normal’ makes it easier to spot something abnormal.
Finally, it’s useful to track expenses against individual projects, rather than just take fuel costs in the round. Knowing your spend and return by worksite or project means energy can be treated like any other cost of materials. Ultimately, avoiding downtime, buying stocks when prices are low, and tackling loss through theft or waste increases control – and the bottom line. So, it’s something we’re ready to help you with.
We offer several solutions for monitoring usage – from simply having quality, accurate gauges, to sophisticated dispensing systems with real-time reporting for remote locations.