How the smart technology can offset rising fuel prices
With fuel prices rocketing around the world, global organisations are being forced to consider new ways of reducing their consumption and operating more efficiently.
With fuel prices rocketing around the world, global organisations are being forced to consider new ways of reducing their consumption and operating more efficiently.
Crude oil pushed above US$92 a barrel on Monday 4th January 2011 to its highest since October 2008. It closed up 17 cents at $91.55. Meanwhile Oil peaked at $147.27 on July 11, 2008, before diving to nearly $32 during the global financial meltdown six months later.
Economist Ed Yardeni said in a research note that he "would not be surprised to see the price of oil over $120 a barrel by midyear." Although other analysts believe any spike above $100 could be short-lived.
The rising cost of fuel is both undeniable and unstoppable. The compilation of high level numbers like this, in addition to our day-to-day encounters with the petrol pump as consumers, gives more than enough evidence.
However, the prices might also have a crippling effect on global business.
Just as prices at the pump are important to every motorist, fuel cost is critical to successful enterprise. Thousands of medium to large sized organisations across the world manage fleets of vehicles, permanently responsible for reacting to customers’ needs. Whether those needs are in delivery, collection, maintenance, installation, building or facilities management, considerable mileages are put on the clock every day.
Use Case – how to make a £3m price increase disappear
Service companies with a fleet of 200 cars and an average of 40 miles per gallon in 2007 could have expected an annual fuel bill of 5.9 million pounds (GBP). Today, in 2011, that bill would come to 8.86 million pounds, a rise of almost 3 million pounds in four years.
As a hypothetical example: a field service company performs five jobs per day at an average invoice value of 150 pounds per job. Based on a very conservative 10% productivity increase (TBS witnesses an average of 25% increase) each engineer would increase their earnings by an average of £75.00 per day.
Over a 12- month period, this would equate to incremental earnings of 3 million pounds, thereby offsetting incremental fuel costs and achieving extra profit for the company.
This saving can be added to by applying a conservative 10% fuel saving, gained by reducing the number of customer re-visits, journeys to and from depots, improved allocation of work and SatNav-aided route planning. A further £864,000 in fuel costs can be saved.
TaskMaster drives savings
With the intelligent application of an effective, customised mobile strategy, any organisation operating a fleet of vehicles can be protected from rising fuel prices. TBS Enterprise Mobility offers TaskMaster, a robust and flexible platform with a range of features to facilitate the monitoring of vehicles and drivers.
TaskMaster contains integrated SatNav and route optimisation features, in addition to Personnel Safety Locator and RFID technologies for asset management. A fully configurable design means implementations are specifically tailored to cater for the needs of individual businesses.
To find out how your business could benefit, please drop a line to sales@tbsmobility.com
Economist Ed Yardeni said in a research note that he "would not be surprised to see the price of oil over $120 a barrel by midyear." Although other analysts believe any spike above $100 could be short-lived.
The rising cost of fuel is both undeniable and unstoppable. The compilation of high level numbers like this, in addition to our day-to-day encounters with the petrol pump as consumers, gives more than enough evidence.
However, the prices might also have a crippling effect on global business.
Just as prices at the pump are important to every motorist, fuel cost is critical to successful enterprise. Thousands of medium to large sized organisations across the world manage fleets of vehicles, permanently responsible for reacting to customers’ needs. Whether those needs are in delivery, collection, maintenance, installation, building or facilities management, considerable mileages are put on the clock every day.
Use Case – how to make a £3m price increase disappear
Service companies with a fleet of 200 cars and an average of 40 miles per gallon in 2007 could have expected an annual fuel bill of 5.9 million pounds (GBP). Today, in 2011, that bill would come to 8.86 million pounds, a rise of almost 3 million pounds in four years.
As a hypothetical example: a field service company performs five jobs per day at an average invoice value of 150 pounds per job. Based on a very conservative 10% productivity increase (TBS witnesses an average of 25% increase) each engineer would increase their earnings by an average of £75.00 per day.
Over a 12- month period, this would equate to incremental earnings of 3 million pounds, thereby offsetting incremental fuel costs and achieving extra profit for the company.
This saving can be added to by applying a conservative 10% fuel saving, gained by reducing the number of customer re-visits, journeys to and from depots, improved allocation of work and SatNav-aided route planning. A further £864,000 in fuel costs can be saved.
TaskMaster drives savings
With the intelligent application of an effective, customised mobile strategy, any organisation operating a fleet of vehicles can be protected from rising fuel prices. TBS Enterprise Mobility offers TaskMaster, a robust and flexible platform with a range of features to facilitate the monitoring of vehicles and drivers.
TaskMaster contains integrated SatNav and route optimisation features, in addition to Personnel Safety Locator and RFID technologies for asset management. A fully configurable design means implementations are specifically tailored to cater for the needs of individual businesses.
To find out how your business could benefit, please drop a line to sales@tbsmobility.com
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