The competitive nature of the energy business requires management to continually improve all facets of operations, including how capital assets are monitored, allocated and stored. Given labor constraints and profitability targets, technology is being used more than ever before to increase the effectiveness of asset management. GPS tracking in the energy business can improve product quality, profitability and production capability among other significant advantages.
The transport of energy products, by semi-truck or similar vehicle, is a process that impacts customer satisfaction, profitability and safety. Tracking the shipment of energy can help management optimize routes and hold drivers accountable for efficient driving. The net result being better management supervision and control of the delivery process. GPS is cost-effective and seamless to work into delivery, allowing drivers and leaders to focus on productivity. Other shipment methods also benefit from this type of tracking.
Similarly, raw materials can reach production facilities with more efficiency, enhancing the overall refinement process. Tracking shipments of incoming material can make production more scientific and optimize productive capacity. Businesses are more agile when they know their supply chain has GPS energy monitoring and can provide them with optimal amounts of inventory.
Drivers in the energy business have to comply with government regulatory requirements related to the amount of time they’re on the road. GPS tracking removes wasteful paperwork from the delivery process, communicating compliance data directly to management and the government. This type of compliance enhances a company’s capability to compete over the long-run, as opposed to short-term gains that can result in fines, penalties or unsafe driving practices.
Lower Operating Costs
Large fleets of transport vehicles are common in the energy business, because large amounts product and materials must find their way to end users. As a result, maintenance costs associated with maintaining and monitoring vehicles, such as semi-trucks, can be a major line-item on income statements. GPS can allow drivers to pick the most efficient routes that will keep them on the road for the least amount of time. The net result being fewer tire replacements, oil changes and preventative maintenance expenses.
Energy production facilities can leverage GPS tracking to improve efficiencies in operations, culminating in lower operating costs and improved product quality. Technology can amplify the strengthens of individuals and teams, allowing them to utilize energy equipment more efficiently. GPS energy is a simple yet highly way to streamline operations.