MEKONGLINK | Glocal Open Innovation Platform in Asia-Pacific Region

Market Problem: Difficulties in managing manual fuel depots

Gas station owners in Asia face a number of challenges in managing their fuel inventory. These challenges include:

• Evaporation: Fuel can evaporate from storage tanks, especially in hot and humid climates. This can lead to significant losses over time.
• Leaks: Leaks can occur in storage tanks, pumps, and piping. These leaks can be difficult to detect and can lead to significant losses.
• Theft: Fuel can be stolen from storage tanks and pumps. This can be done by employees, customers, or even organized criminals.
• Data errors: Errors can occur when recording and tracking fuel inventory levels. These errors can lead to inaccurate reporting and decision-making.

These challenges can lead to significant financial losses for gas station owners. In addition, they can also damage the reputation of the business and lead to customer dissatisfaction.

Mekonglink Solution: Tank Level Gauge and Fuel Management System

• Implementing a Tank Level Gauge and Fuel Management System (TLFM): A TLFM system can accurately monitor fuel levels in real-time, providing station owners with several key benefits:
• Improved Inventory Forecasting: Precise data on fuel levels allows for better prediction of refueling needs, avoiding stockouts and unnecessary deliveries.
• Leak Detection: TLFM systems can detect even small leaks in tanks and pumps, enabling prompt repairs and minimizing fuel loss.
• Reduced Manual Work: Automating fuel level monitoring saves time and manpower previously spent on manual checks.

By combining TLFM with other solutions like vapor recovery systems and security measures, gas station owners can create a comprehensive fuel inventory management strategy, leading to significant cost savings and improved operational efficiency.