Preventing Fuel Theft and Optimizing Logistics Operations: A Case Study of SR Ferro Alloys.

SR Ferro Alloys is a leading mining company in India, providing materials to a large number of exporters and importers across the country. With a fleet of over 100 vehicles carrying resources all over the country, the company was facing challenges related to diesel consumption and fuel theft, leading to an increase in their fuel expenses.

THE NUMBERS
₹10 Lakhs plus saved per month
24% less fuel consumption in one month
over 400 liter of fuel theft caught

THE CHALLENGE

SR Ferro Alloys did not have an efficient system to monitor and manage the diesel consumption by its vehicles, which was causing an increase in their fuel expenses. Moreover, fuel theft was a rampant problem in the industry, leading to further losses for the company. The lack of an efficient monitoring system meant that the company was unable to track the fuel consumption of its vehicles or identify incidents of fuel theft.

THE SOLUTION

To tackle the challenges arising from fuel theft and inefficient monitoring of fuel consumption, SR Ferro Alloys turned to an expert in logistics technology. The logistics technology company suggested installing a drain detection system to monitor fuel usage and detect fuel theft.

The drain detection system was installed in all the fuel tanks of the vehicles, which enabled the detection of fuel theft incidents. The system collected and provided detailed historical fuel filling and theft records to the users, which allowed them to analyse fuel usage data minute-by-minute for all fuel usage points for each vehicle in the fleet. This enabled the company to assess the amount of fuel stolen with the exact location, time, and other details of the fuel theft to support the claim.

THE RESULTS

After the installation of the drain detection system, SR Ferro Alloys was able to considerably reduce the risk of fuel theft. The system helped the company collect and analyze data related to fuel consumption, which enabled it to identify incidents of fuel theft and take immediate corrective action.
The drain detection system also helped the company improve its operations by eliminating malpractices in its operational process. The real-time tracking and monitoring of fuel consumption allowed the company to optimize its fleet operations, reduce fuel expenses, and improve its profitability.

CONCLUSION

The adoption of a drain detection system helped SR Ferro Alloys to overcome the challenges it was facing related to fuel theft and inefficient monitoring of fuel consumption. The system enabled the company to detect incidents of fuel theft, collect and analyze data related to fuel consumption, and optimize its operations. The success of this initiative highlights the importance of leveraging technology to optimize logistics and supply chain operations, and prevent malpractices in the industry.