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Rising fuel prices: Limiting the impact for business

Technology is the answer says expert.

Technology is the answer says expert.

 

This morning we write of growing concerns across the UK about the rising price of oil , and the effect this will have on the forcourt.

Add to this the government inflicted fuel duty and it is easy to see why fuel is becoming a key threat to business profitability in 2011.

The costs could however be offset by the use of technology suggests Andrew Yeoman, managing director of Trimble MRM in the UK.

The company is a supplier of corporate in-vehicle telematics technology that can offset the rises by making vehicles more productive and efficient reducing fuel use by "up to 30 per cent".

"Companies are bracing themselves for an expensive year at the pumps. What's more, many pundits are predicting a further fuel duty rise in April," Yeoman commented.

"There are ways to limit the impact of the crisis. Understanding where fuel is being lost or unnecessarily wasted is crucial. The latest telematics software, for example, can help to reduce unnecessary driving, improve fuel efficiency, and can be used to prevent fuel fraud."

Trimble's technology enables companies to monitor fuel consumption, mpg and CO2 outputs, helping reduce fuel use and improving a company's carbon footprint.

The company recently introduced DriverSafety, an advanced telematics solution that allows businesses to monitor driver behaviour, including speeding and harsh breaking. With this data at hand, managers can make recommendations on training for individual drivers.

Another benefit of DriverSafety is its ability to monitor for possible fuel fraud, with an electronic key fob - or 'iButton' - used to link drivers to specific vehicles. The iButton identifies where, when and how fuel is purchased for a vehicle and can identify whether it's being used for work purposes.

"Technology can be beneficial to show how economical a driver or vehicle is, which is vital in helping companies optimise their usage of fuel," added Yeoman.

"Fuel cards and mileage logs that companies routinely deploy are at best problematic and open to human error or abuse. The key to achieving fuel savings is in the supply of real-time data from fleet vehicles and their drivers."

Recent research from Trimble found that 85 percent of fleet managers believe fuel efficiency is the biggest challenge facing their businesses. The survey showed businesses are keen to respond to the threats posed by fuel price increases by finding ways to make fleets more fuel efficient, especially by reviewing vehicle use and monitoring driver behaviour.

 

 

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