ABM Advisor: The ABM Blog

  • 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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  • Feb 10 2017

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    Why wastage could be costing your company

    There are many vital areas of a company, but one of the most significant for managing growth and revenue is stock control. No matter your business, your inventory is not only the key to prosperity, but also a method of streamlining your business operations.This relates to active management of your company's stock, ensuring you aren't spending prodigiously in unnecessary areas, while maintaining an inventory that meets the wants and needs of your customers. Ultimately, it's about control - of your business and the direction it's.Waste not, want notFor the food and beverage industry, wastage is always a concern. Damaged or aged stock are of no use to either the business or customers, resulting in a loss on both sides.In 2011, Australia, United States, Canada and New Zealand discarded 52 per cent of all fruits and vegetables.Research by Statista into the amount of food collectively wasted in Australia, United States, Canada and New Zealand in 2011 found 52 per cent of all fruits and vegetables were thrown away unused.Across the four countries, 50 per cent of seafood, 22 per cent of meat and 20 per cent of milk were also discarded. Consider what structured stock software and greater control of inventory would mean to growth within your business, reducing the amount of wasted food while also putting it to better use.Fixing the links in the supply chainOne Swedish researcher, Kristina Liljestrand, has studied the impact of wasted food, and how improvements to logistics can help reduce the severity of the issue. In her dissertation, reports WellBeing, Liljestrand proposes nine improvements developed during her research into producers, wholesalers and retailers.She stresses collaboration between all members of the food supply chain (FSC), and focuses on two key aspects of the FSC that can affect the environmental impact of an established logistics system.These are:FSC variables including shelf life, temperature monitoring and specific food characteristics, which help create conditions for an agile logistics system.Performance variables such as requirements around lead times and flexibility, of which both can conflict with the FSC party's ability to reduce environmental impact. How much food is going to waste due to improper stock management? Try our free demo - in person, or onlineAdvanced Business Manager is comprised of a core accounting system that can be tailored to suit the needs of your business with additional add-on modules.Nobody knows your business better than you do - so we would be delighted to discuss our software in more depth and see if it is a fit for your company. We offer a no-obligation demonstration, available by contacting our expert team today.

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  • Feb 1 2017

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    The importance of adaptable business software

    As Bill Gates, co-founder of Microsoft, once said: "The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency."In almost every facet of our daily lives, automation has started to shine. The rebirth of the electric car, the evolution of the Internet of Things, and artificial intelligence finding mainstream traction in the form of personal assistants on our smartphones have all become increasingly commonplace in the last 12 months. But are we any more efficient than before?Technology and automation allow even the most niche of businesses to flourish in the physical and digital marketplace.Sculpting software around the needs of your businessWith both efficiency and automation touted as the reward and answer to business concerns respectively, 2017 will reveal the crucial third part of the equation: Adaptability.Business processes, markets and products are more diverse than ever. We can now buy almost anything online, instantly, and have it delivered to our door.It makes sense to recognise the importance of support software that adapts to your business, and not the other way round. With technology and automation allowing even the most niche of businesses to flourish in the physical and digital marketplace, framework and management software needs to offer a scalable and customisable solution. Automation will be key to accelerating growth within your business. Enterprise Resource Planning (ERP) and a Warehouse Management System (WMS) are two crucial elements of this overall solution, but are vitally overlooked as the global marketplace becomes both automated and strives for efficiency. Including the optional Mobile Warehouse Management module to accompany our base accounting software, ERP/WMS is a key tool for solving the issues around inventory management, dispatch and transfer.Manage your inventory and customer needs simultaneously ASPluris streamlines purchase orders, shipments, pallet storage and dispatch consolidations to name just a few of its features. As a mobile solution that integrates seamlessly with Wi-Fi, 3G+ and GPRS, you can be assured that whether you're on the shop floor, in the warehouse or out delivering items to customers, you'll always be connected to your enterprise management system.Running on a handheld data-capture device or tablet with barcode and RFID capabilities, ASPluris is the perfect logistics, inventory and customer relationship management system to help your business achieve greater efficiency in 2017.If you want to learn more about our fully scalable and customisable industry solutions, get in touch with the team at Advanced Business Manager today, or try out our free demo.

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  • Jan 26 2017

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    Smart technology in food manufacturing

    It's 2017, and we're another year closer to the futuristic society that cinema was dreaming up in the 1980s and '90s. The past decade has certainly heralded the dawn of smart technology, automation and, with it, a mounting concern over what these will mean for future production processes. Will 3D printing mean the end of food manufacturing?3D food printing works by shaping a product physically and chemically from a digital blueprint, called an Additive Manufacturing File.For those in the food manufacturing and distribution sectors, 3D printing is a contentious development. On the one hand, it has opened the door for manufacturers to drastically reduce their production costs - creating casts or complicated production lines - by removing the laborious steps required in manufacturing.On the other, the technology has afforded those with even basic computing knowledge to design, create and produce their own 3D-printed masterpieces from their home.But which has the more viable future in food production? The answer could very well be: Both. 3D food printing works by shaping a product physically and chemically from a digital blueprint, called an Additive Manufacturing File, but the quality is entirely subject to the capabilities of the printer itself. This presents an incredible opportunity for manufacturers, allowing them to create and test prototypes at a fraction of the cost and time. Cheaper machines, however, produce a lower-quality result from the same file, making them unreliable for mass production.  Imagine 3D printing this dessert in your own home. As the global marketplace becomes more consumer-facing and a greater importance is put on the recipient and their experience of the product, crowd-sourced prototype development will not be uncommon.Think of it like beta-testing a video game, but for physical objects. Your business has a select group of highly devoted customers with 3D-printing capabilities at home, who can then 3D print a prototype and provide feedback in real-time. As the costs for 3D printing are minimal, this furthers both customer relationships and product development. Imagine if, in the near future, you could sign up to test new ice-cream flavours, trial desserts from around the world and help influence the design and composition of a new kind of ravioli. If the food production industry adopts new technology as it emerges instead of fighting it, advances like 3D printing could benefit both the consumer and manufacturers alike. The world's first product scanner can now reveal chemical components, calories and other data in food.New smartphone technology could boost food developmentAre you've deterred by others handling fruit at the supermarket, squeezing and prodding produce until it is covered with polka-dot finger marks and unattractive.A new smartphone unveiled at the 2017 Consumer Electronics Show in Las Vegas this January is the world's first product scanner that can reveal chemical components, calories and other data for food, pharmaceuticals and even plants. For manufacturers within the food industry, the development will allow for greater monitoring of consistency in products. From a consumer perspective, it both demands and affords transparency towards the food we are putting into our bodies - you'll never have to buy bruised, ruined fruit again.Dror Sharon, CEO of Consumer Physics, believes the technology is the next leap in smartphone evolution."Just as the smartphone put the power of the internet and a vast knowledge base into our pockets, this innovation will put the capability to learn about the chemical and molecular makeup of materials into the public's hands," he said."This is the next leap forward not just for mobile phones, but for all sorts of connected devices. The Changhong H2 and smartphones are only the beginning."Smart technology for the food industry will require software that is both intelligent and adaptable.

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  • Jan 12 2017

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    What's next for the world of e-commerce?

    Not too long ago, the idea of online shopping was a little strange. People were comfortable with just going down to their local store, driving to the mall or asking a friend to find a specific item or piece of clothing on a trip overseas. The world of online retail especially left many people feeling sceptical. Horror stories of orders gone wrong circulated heavily: products that looked nothing like the pictures, scams and overdue deliveries.Now, of course, the online world is going from strength to strength: eMarketer projects retail e-commerce sales will increase to over $4 trillion by 2020, making up nearly 15 per cent of total retail spending that year. Furthermore, the Walker Sands' 2016 Future of Retail study questioned nearly 1,500 consumers on their weekly shopping habits, with the results showing online shopping has no plans of slowing down in the meantime. Nearly 80 per cent of consumers would choose drones for delivery if it meant getting purchases within an hour of ordering.Consumer shop online once a weekThe study found that the number of online shoppers is up more than 41 per cent over 2014, with more than 30 per cent of all consumers now shopping online at least once a week. Walker Sands also questioned consumers about their in-store shopping, luxury e-commerce and mobile payment habits.According to the study, 92 per cent of respondents say they prefer shopping for food and groceries at a physical location, however nearly 70 per cent say they would be willing to buy these products on Amazon or an online supermarket site.More than a third of respondents reported using a mobile app to pay for goods in the past year, with Android Pay the most popular mobile payment option. Just as this technology has taken off in recent years, another recent development in delivery could change how we receive goods in the not-too-distant future.  Drones are projected to see future use in product delivery. Future delivery takes to the skiesConsumers were also asked about their opinion on drones being used for delivery, with nearly 80 per cent of respondents saying they would choose drones as a delivery option if it meant getting purchases within an hour of ordering. Eighty per cent of the most frequent shoppers reported they would be more likely to buy from a retailer that offered drone delivery, compared to only 53 per cent of infrequent online shoppers.When asked about safety and security concerns around drones, 72 per cent of the consumers surveyed said theft and damaged goods were their top concerns.Forty per cent of the survey participants expect to have drone delivery options within the next two years. However, the attitude towards drones are similar to those presented at the dawn of online shopping - consumers are wary of new technology that seems untested, unsafe, or a break from their usual routine. Sculpting the shopping experience for customersSo where will the future of e-commerce take us? Looking at the Walker Sands survey, customers are demanding security and efficiency from online shopping, opening the door for big data to swoop in and offer a helping hand. Data analytics will help drive the future of e-shopping, with customer information collected, collated and used to offer personalised and individual online shopping experiences. Advanced Business Manager offers core accounting system software that can be customised with additional modules. As everything begins with our core accounting software, you can easily add-on the modules that you require as you need them - presenting a scalable, durable solution that changes as your needs do. If you're new to ABM software, or already a customer and looking to make the move to an e-commerce platform, get in touch...

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