ABM Advisor: The ABM Blog

  • Oct 7 2016

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    Manufacturing the future at the Tesla Gigafactory

    If we want the actions of our lifetime to herald in the robotic future, there are a number of significant hurdles we'll need to overcome. People from all over the globe are pouring tireless levels of effort into projects and experiments that will advance our species.However, we're only just touching the surface of what technology is offering us the chance to do - even in the present. Facilities like the Tesla Gigafactory are looking to propel our society into the future, by producing low-cost batteries using manufacturing processes powered by renewable energy.The Tesla Gigafactory will be nearly 6 million square feet when finished - and aim to be entirely carbon-neutral.The Gigafactory will change battery productionThe goal of the gargantuan factory - projected to be almost 5.8 million square feet when construction finishes - is to be a carbon-zero facility that furthers the exploration of battery and solar technologies. But how will this change manufacturing and the industries that depend on it? Tesla batteries could change manufacturing. The ambitious head of Tesla, Elon Musk, believes that within the space of a decade, the demand for electric vehicles each year will reach 500,000. To achieve this, Tesla would need to use the world's supply of lithium-ion batteries - forcing researchers to further examine the viability of other energy storage materials.Solar panels are more powerful than ever beforeJust this year, we've seen scientists at the University of New South Wales making flexible solar panels from copper, zinc, tin and sulphur. While solar panels have steadily increased their efficiency levels over the years, the progress made has been too slow for it to represent any significant technological leap.If the Tesla Gigafactory is successful, however, it will radically alter the way we look at manufacturing. Powering the factory through renewable sources will allow Tesla to create cheaper batteries, cars and any accompanying technology.Ideally, this is what will be needed from manufacturing in the future - the industry taking note of public concern for the environment while still striving to further our society. It's risky, but the payoff would mean an incredible triumph. Supporting this success demands quality, efficiency and productivity - without any detriment to any from the other. It's these three key elements that the Advanced Business Manager Manufacturing System is designed to simplify - meaning you'll have more control in how you organise and manage every area of your manufacturing.To learn more about our software, get in touch today for a free demo. 

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  • Aug 22 2016

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    Construction boom highlights a need for tech-based project management

    Technological advancements have made digital disruption a commonplace term across industries - and the construction sector is no exception.According to the McKinsey Quarterly, construction projects across the globe are in dire need of a more digitally-focused approach. Yet, so far, the construction industry has been slow to adapt digital approaches to various functions.In fact, McKinsey found that in some markets productivity for construction companies has seen a decline for the first time since 1990.Moreover, large construction projects are not only taking more time than planned but are costing considerably more than projected. According to the report, these projects can be up to 80 per cent over budget, with completion rates taking 20 per cent longer than projected.There are a lot of factors that play into the construction industry's slow adoption, including roll outs across multiple sites, sectors and regions. However, the time has come for construction leaders to truly adopt tech solutions that can help address these project management issues.

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  • Aug 12 2016

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    Managing risk in the food industry

    While there is no way for a company to truly predict every disaster it will face - having risk management policies in place can help soften the blow of business disruptions and sometimes prevent the problems altogether.In the food industry, risk management is of particular importance as missteps can result in more than just productivity problems. When food businesses slack on their policies, consumer health can be put at jeopardy as the mismanagement of food products can cause major illness outbreaks.Risks are something businesses are exposed to on a daily basis. Whether it is an internal failure or an external event, there is a seemingly endless list of things that can threaten business productivity at any given moment. Some of these risks are even serious enough to jeopardise an organisations' survival.According to CPA Australia's Risk Management Guide for Small to Medium Businesses, solid risk management policies can result in a variety of advantages including:A decrease in insurance premiumsA diminished chance of being targeted by legal actionA decrease in cash/stock lossesA reduction in business down timeSo, how do businesses go about better addressing their risk management protocols? The first step involves identifying the potential risks not only for your industry as a whole but for your particular business.  Planning for potential risks early on can better protect your business in the long run. What risks should you be aware of?In a contributing article for Food Processing Magazine, Vice President of the Food Industry Division at SullivanCurtisMonroe Craig Kwitoski laid out some risks that specifically pertain to the food industry. According to Kwitoski, comprehensive risk management of these areas can not only salvage a business' livelihood but improve profitability in the long-term.Supply chain risk: Compared to other industries, the food sector is particularly reliant on its suppliers. However, there is a long list of things that can interrupt supply delivery. Whether it be an internal problem with the supplier or a natural disaster, shipments of products can easily be tied up, explained Kwitoski.When a major supplier is out of commission, food businesses can suffer major losses both financially and in terms of productivity. Leaders can take a variety of approaches to addressing this industry risk, from securing coverage with business interruption insurance to varying suppliers to avoid too much dependence on a single source. The important thing is to address this potential problem before it presents itself as a major roadblock.Without the proper plans, food businesses can suffer major financial losses.Food health safety risks: One of the biggest risks associated with the food industry is health. Products need to be stored at certain temperatures, expiration dates need to be monitored, cross-contamination needs to addressed and the list goes on. This area is of particular concern when you consider the number of food poisoning cases in Australia annually.According to the Food Safety Information Council, there are 4.1 million cases reported per year, 31,290 of which result in hospitalisation and 86 of which result in death. Leaders in the food industry can address this particular risk by implementing better internal procedures for monitoring inventory. Advanced Business Manager's inventory functions can help management keep better track of expiration dates, stock levels and internal organisation.Cyber risk: In an increasingly digital world, risks related to data breaches and stolen information are of considerable concern. Consider this: A joint study by the Ponemon Institute and Experian found that 60 per cent of companies had experienced more than one data breach in a two-year span. Yet, according to Kwitoski, only one in 10 organisations have cyber-liability coverage.Food industry leaders need to protect their businesses against the potential risks associated with a tech-driven world.

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  • Aug 8 2016

    3 tips for boosting business productivity

    There are few business leaders who wouldn't cite boosting productivity levels as one of their main organisational goals. Productivity is what propels profitability. Yet, the formula to maximise efficiency is no easy code to crack.

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  • Mar 24 2015

    China FTA means opportunities for Australian service SMEs

    The recent signing of the China-Australia Free Trade Agreement has made it easier for SMEs to export services to Australia's largest trading partner.

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  • Aug 18 2016

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    Our Updated Website

    You may have noticed some big changes in the design of the ABM home page. We've been overhauling our existing website to provide more information and make your experience better.There are more updates launching across the next month, but if you have any suggestions for improvements feel free to let us know! We appreciate your patience in this transition period.Also keep an eye on this news section. ABM Advisor is our new resource for the latest updates from ABM, as well as industry news and useful information. If you want to stay up to date, subscribe for email updates today. We hate spam too and only want to send you information you care about.Thanks again from the ABM team!

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  • Aug 8 2016

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    3 tips for boosting business productivity

    There are few business leaders who wouldn't cite boosting productivity levels as one of their main organisational goals. Productivity is what propels profitability. Yet, the formula to maximise efficiency is no easy code to crack.

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  • Jul 13 2016

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    Addressing common cash-flow management problems

    You may have the best idea on the planet, a million investors knocking on your door and a team of skilled professionals standing behind you but if you can't nail down your cash-flow management, your business will ultimately fail.

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  • Jul 12 2016

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    In periods of increased growth, importance of manufacturing management is highlighted

    Australia's manufacturing sector has seen some pretty impressive growth over the last year. According to the most recent Performance of Manufacturing Index by the Australian Industry Group, the end of June marks the 12th straight month of expansion for the country's manufacturing sector.

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  • Jul 7 2016

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    Food safety and beyond: The power of inventory management

    Food safety and effective inventory management are inextricably linked. They are like peanut butter and jelly, fish and chips, cereal and milk - you can't have one without the other.The food industry is understandably one of the most regulated sectors in the world. Missteps with the storage, handling and preparation of food can cause serious health threats for consumers. In terms of businesses, the dissemination of this food can harm brand image, profitability and result in considerable fines.This becomes even more of a pressing concern when you consider there are 4.1 million cases of food poisoning in Australia annually, according to the Food Safety Information Council. Of these cases, 31,290 result in hospitalizations, 86 end in death and 1 million require doctor visits.As with many things in this world, new technology is increasingly being leveraged to manage these problems. Optimised inventory management, via business management software, can significantly improve upon current systems to help reduce food safety issues that stem from human error. At the same time, it can better operational visibility and open up opportunities to cut costs and streamline efficient processes.

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