ABM Advisor: The ABM Blog

  • Apr 26 2017

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    How is manufacturing contributing to Australia's food export boom?

    In the last five years, Australia's food export industry has increased from $27 billion to $44 billion. In that same period, the country has also gained 400 more food manufacturing plants. The two are very much linked, according to Anthony Pratt, who opened Melbourne's Global Food Forum on March 28. Australia's food manufacturing sector continues to growLast month, the Australian Industry (Ai) group's monthly indices saw a 1.6 point increase for food and agriculture on its performance management index (PMI)."Our agriculture sector just made its highest contribution to GDP growth since 2008," said Mr. Pratt. One of the key contributors to this is the increased number of food manufacturing plants, meaning Australia is now able to supply the demand from overseas.For instance, according to Pratt, the country is now one of the largest exporters of goat meat in the world at $250 million. Fruit and vegetable exports to all countries are also up 200 per cent, to $3 billion. Likewise fresh meat exports have increased by 90 per cent. 

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  • Apr 19 2017

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    How can virtual reality help your manufacturing business?

    Around 500,000 virtual reality headsets are expected to be sold in Australia this year, according to the Telsyte Australian VR & AR Market Study. It's not just television and entertainment that's benefiting from the advance in virtual reality (VR) technology, however.At ABM, we understand the need for efficiency and safety at all stages in the manufacturing process. This is why we believe VR is going to be the next big thing in the industry. Here's three ways VR can make your manufacturing business run more smoothly.

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  • Apr 10 2017

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    Data Extraction and Automation for SMEs

    Businesses face many challenges in the modern business environment. Now more than ever, business leaders need to be constantly on lookout for more effective ways of managing jobs. By staying stagnant and not improving processes over time, will mean both short and long term growth will be affected.

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  • Apr 7 2017

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    How to keep your manufacturing workforce engaged

    Around one-quarter of manufacturing employees are looking to leave their jobs, according to a survey by Global Manufacturing. At ABM, we know how important productivity is to your manufacturing business. One of the best ways to improve that productivity is to increase employee engagement. So, we've compiled a guide to engaging your manufacturing workforce, to help you retain staff and create a happier working environment.1. Frequently review payPay was the most important factor in job hunting, according to a survey conducted by ResourceMFG of over 2,500 manufacturing employees. So, you need to get your starting pay right, and frequently review it to make sure you're staying competitive. The best way to do this is through market research - make sure you're offering salaries that fall in the upper quartile of the industry's pay range.2. Provide a sense of job securityThe second most important factor for manufacturing staff was job security. This means employing them, as much as you can, on at least a 40-hour week basis, and communicating with them about upcoming work and projects, so they know their work is secure in the future.Another way to contribute to job security is train your staff up - if they have more manufacturing skills, you will be able to give them much more work than if they are only able to do one or two jobs within your company. 

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  • Apr 4 2017

    Digital technology to drive Australia's food industry

    The government has recently announced that $50 million will be granted over 10 years to the Food Agility Cooperative Research Centre (CRC). The money will be used to fund research into how Australia's food and agriculture industries can incorporate digital technology.The research will be used to build brands, markets, jobs and exports, leading to an industry that can respond better to customer preferences, as well as reducing risks in order to invite more investment.A growing population Global food production needs to double by 2050 to feed the world's growing population. This represents an exciting opportunity for the Australian food industry, and it is hoped that this research will allow Australia to develop the infrastructure it needs to meet demand.Several universities were involved in securing the funding from the Ministry for Industry, Innovation and Science, including the Knowledge Economy Institute at the University of Technology Sydney (UTS).

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  • Apr 4 2017

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    Digital technology to drive Australia's food industry

    The government has recently announced that $50 million will be granted over 10 years to the Food Agility Cooperative Research Centre (CRC). The money will be used to fund research into how Australia's food and agriculture industries can incorporate digital technology.The research will be used to build brands, markets, jobs and exports, leading to an industry that can respond better to customer preferences, as well as reducing risks in order to invite more investment.A growing population Global food production needs to double by 2050 to feed the world's growing population. This represents an exciting opportunity for the Australian food industry, and it is hoped that this research will allow Australia to develop the infrastructure it needs to meet demand.Several universities were involved in securing the funding from the Ministry for Industry, Innovation and Science, including the Knowledge Economy Institute at the University of Technology Sydney (UTS).

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  • Mar 27 2017

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    How accounting software can help you at every stage of the building process

    The construction industry is Australia's third-largest sector, employing around 9 per cent of the total workforce, according to an Ai Group survey. Meanwhile, the country's architecture sector is worth $7 billion, as reported by IbisWorld. With both these industries growing at a fast pace, let's take a look at how Advanced Business Manager's (ABM) accounting and business management software can help you at every stage of the building process, from design through to construction. Jobs and timesheetingAs billing for architecture services is usually measured by the amount of time spent on a project, accurate timesheeting software is essential. ABM differs to more standard timesheeting programs in that you can record the stage and rate at which a task is being completed, meaning more accurate time tracking. All staff can fill their own timesheets in on a daily basis, so your employees will be more aware of what they're contributing to a project. Likewise, accurate timesheeting is an essential part of construction, so you can better bill projects and pay your staff.

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  • Mar 21 2017

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    Australia's manufacturing industry grows

    February saw Australia's manufacturing sector grow to its highest level since May 2002. The Australian Industry Group's monthly report showed an increase of 8.1 points to 59.3 on the country's Performance of Manufacturing Index (PMI). This was the fifth consecutive month of expansion.A breakdown of the figuresThe PMI ranges from 0 to 100. A normal manufacturing level is considered to be 50, so anything above that figure indicates growth, with the distance between 50 and the month's overall PMI showing the extent of this expansion. The Australian PMI is broken down into eight separate categories - nonmetallic minerals, food and beverages, textiles and furniture, wood and paper, printing and recorded media, fuels and chemicals, metal products and, finally, machinery and equipment.Seven of these eight sub-sectors recorded growth in February. Nonmetallic minerals posted the highest PMI figure (66.3 points), followed by machinery and equipment (60.1 points) and food and beverages (58.8 points). The only sector to remain below 50 was printing and recorded media, which had 45.1 points. Wood and paper managed to recover to 51.9 points, having recorded shrinkage the previous month.

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  • Feb 22 2017

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    Why the food industry needs inventory visibility

    For management in the food industry, exercising control over stock and inventory can be an ongoing challenge without the right systems in place. Due to the fluctuations in stock caused by customer variables and perishable or wasted inventory, optimising your stock can prove an arduous task.This is why many large food businesses deploy costly, yet rigid, inventory management systems to meet their warehouse and stock control needs. However, even for big businesses, this is still an expensive and overly complicated solution, often forcing the organisation to fit into the framework of the system and not the other way around. In 2015, the total loss of revenue due to overstocked or out-of-stock items reached over US$1 trillion.Software that can be tailored for your businessThe right structured stock software should be one that is tailored to suit the needs and requirements of your business - not just in its current state, but as it evolves. Control over your inventory encourages growth, ensures that you consistently meet the needs of your customers, and boosts profitability and productivity. In short, a customisable inventory management system is the key to taking your business in the right direction. A large element of success in the food industry depends on visibility throughout the supply chain. When working with perishable gods or those with a short-shelf life, it's critical management are able to account for all goods at all times. Visibility, in this instance, leads to fewer stock losses due to mishandled or misplaced inventory. Ensuring your stock is kept at the required level is also crucial to the growth of your business. Meeting the demands of customers isn't exactly easy, and without a detailed and understandable overview of your inventory and supply, it can be difficult to project the ongoing needs of your business.  Warehousing software can help avoid stock wastage. According to RetailWire, in 2015 the total loss of revenue due to overstocked or out-of-stock items reached over US$1 trillion, with internal processes accounting for $284.9 billion of this - personnel issues were responsible for $259.1 billion.Take control of your stock with Advanced Business ManagerAt ABM, we believe control over your business is the first step to success. That's why we'd love to talk with you about how our software can fit into your business, and not the other way around. If you'd like to see what our powerful core accounting software and additional modules can offer you in providing control of your inventory, get in touch with our team today for a free demo. 

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  • Feb 20 2017

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    Take control of your business with ABM software

    If you're looking to implement a fully-integrated, business-wide accounting solution, it's important that it's a fit for your industry. Without a firm understanding of how you do business, there's always the potential that investment in software won't provide the return you're searching for.At Advanced Business Manager, we believe this is the first step to any implementation process. We know our software is successful across a range of industries, but we want you to know whether or not it's right for you. If you want to manage accounting, production, order processing, inventory or a combination of all of these, our software can be tailored for even the most dynamic and unique companies.Greater control over how you do business brings with it a higher level of adaptability, and less chance of bottlenecks in your operations.Our software is designed to give you more control over your operations from all business perspectives, have confidence in making the right decisions and allow your business to grow in the direction you want it to.Greater control of every business aspectThe modern marketplace is competitive, and demands businesses stay at the top of their game. You may want to reduce costs, improve process efficiency or just streamline workflows.Greater control over how you do business brings with it high-level adaptability, and less chance of bottlenecks in your operations. Providing better access to services and products for your customers will lead to reduced operational costs and higher overall revenue, in turn allowing you to remain competitive.Tracking performance is also crucial. Seeing how your organisation functions in an easily understood manner will offer further control over the decisions you make. This can help you set and achieve targets, set realistic goals and make changes to your business with confidence. We want to help you make the right choices for your business. Our software can help you enhance business productivity while reducing ongoing costs, by identifying which processes work best under what conditions. We want to offer you more control over your business, not take it away. Want to know if ABM software is right for you? Reduce the time spent searching and find out straight away if ABM is right for you. Our solution providers are always available and can provide estimate costs over the phone.Whether you require a visit to your business premises so your stakeholders can be part of the conversation, or online from the comfort of your desk, we can provide demonstrations of our software no matter the situation.To start taking control of your business processes today, get in touch with the team at Advanced Business Manager for a free demo.

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