Qualcomm Launches “Exact Fuel Application” to Reduce Theft, Boost Efficiency
Qualcomm has announced that Qualcomm Enterprise Services has launched its Exact Fuel application that monitors and transmits fuel level information on the vehicle data bus directly to fleet managers.
This insight enables trucking organizations to identify discrepancies in fuel levels that may indicate theft, as well as helps fleets make timelier and more informed fuel stop decisions that reduce out-of-route miles and improve cost efficiencies.
Initially available for fleets using Qualcomm’s Mobile Computing Platform (MCP) 110 and 200, the Exact Fuel application transmits critical fuel level, time and location data regularly to fleet managers. Based on this new visibility, managers are able to better analyze fuel information and implement a more proactive management approach.
“Faced with fluctuating fuel prices that are approaching $4.00 per gallon, fleets are increasingly concerned with fuel theft and shrinkage. On average, most fleets project about one to four percent shrinkage. Assuming a conservative one-percent shrinkage, this would equate to about 55 dollars per month, per vehicle,” said Vikas Jain, vice president of product management and software as a service at Qualcomm Enterprise Services.“Addressing this threat, Exact Fuel arms fleets with greater insight to yield an immediate return on investment. As the second largest expense for most fleets after payroll, fuel savings can significantly improve an organization’s bottom line.”
Additionally, Qualcomm is exploring future Exact Fuel enhancements that will help fleets compare fuel purchases with actual fueling levels to accommodate different organizational requirements. Companies can deploy the current application to individual vehicles or fleet-wide through a subscription-based model.
More information at: Qualcomm.
Category: Fleet Diagnostics & Software, General Update, Management
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