ABM Advisor: The ABM Blog

  • 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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  • Jun 30 2016

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    Sustainability in the Australian food industry

    Sustainability has been an increasingly popular buzzword across a variety of industries. It encompasses a lot of things. From ethical questions surrounding labour practises and supply chain transparency to a deeper understanding of where in the world our food is coming from to questions regarding production emissions and environmental policies.

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  • Jun 17 2016

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    How technology is changing the Australian food industry for the better

    It's no secret that technology has changed the game for industries across the world. Platforms and software are constantly changing the market for the better. From improving operational efficiencies to inspiring more accountability within business processes, the advancements are plentiful.The Australian food industry is no exception. Technology has provided the optimal framework for the continued growth of exports, imports, production and manufacturing throughout the country. Beyond growth, digital advancements have made way for a new level of transparency in the food and beverage sector. Internal processes are in the spotlight more than ever as consumers demand to know where their food comes from and whether the conditions are ethical.Clearly, the changes spurred by technology in the food industry are wide-reaching. And for the most part, these advancements seem to be positive. Let's take a closer look at the top three food industry improvements due to technology:AccountabilityThe highly connected nature of today's world means increased levels of accountability for the modern food company. For better or worse, the window to company policies and procedures is wide open for consumers. And they are demanding changes to commonly accepted practices.The recently announced food label reforms are a great example. Consumers demanded more information about the origin on their foods and their cries were met with policies. The new legislation will require food suppliers to label their items with a kangaroo logo to indicate the product was made in Australia. The new labels will also include bar charts to indicate how much of the product includes Australia-based ingredients based off weight percentages.According to Business Insider, consumer advocacy groups such as Choice are pleased by the policies and are hopeful this trend toward transparency will continue.

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  • May 25 2016

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    How effective time management can optimise your business

    The importance of time management is widely recognised by those who wish to streamline the processes and functions of their staff and business. Paying bills on time, managing employees, scheduling jobs and ensuring clients are invoiced can be a frustrating process without the correct system in place.According to management consulting firm McKinsey & Company, business owners who wish to achieve this goal need to address the issue at an institutional level, and stop approaching time management as an individual problem. While it can be a struggle to maintain a personal time management schedule, Advanced Business Manager's Time Management System (TMS) can take the stress out of time-keeping and help you focus on the aspects of your business that matter. Below are just a few of the ways that business management software can help make your company more efficient. Keep track of your staffA breakdown of communication can be a source of frustration in businesses, especially when there are only a few employees. With TMS, you can record and monitor whether staff are at work or on break, with employees able to set the amount of time until they return.Knowing whether your employees are available or not can save time on communication, and having an organised schedule will save you the embarrassment of double-booking appointments.Smart business software can be implemented regardless of company size.Manage your jobs and processesWith TMS' Job Management interface, you're able to list and report detailed information about each individual job. With an effective tracking system, you can record data such as labour costs and charges, disbursements and invoices, and show payments received for the job. Clients can be billed accurately and on time - with the logging of labour information you can ensure to never incorrectly calculate an invoice. Being able to set due dates, update the status of a job and generate reports on the total number of fees outstanding and received could increase the productivity of your business. Branching out with your businessStaff settings with TMS allow those with authorisation to set up individual rosters, access jobs and create specific security permissions for each employee. While small businesses can benefit from effective time management, there is no limit to the scope of use for TMS. Whether you have a single headquarters or a multi-branch company with a wide range of offices, smart business software can be implemented regardless of company size. Managing the time and processes of your business can be a daunting prospect without the correct system in place. Advanced Business Manager's TMS provides a smart and effective solution to your time management concerns. Reach out to us today, and book a free demo to find out how business intelligence software can increase the performance of your employees and business. An effective time management system can increase company productivity.

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  • May 23 2016

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    How an integrated e-commerce solution can boost your online revenue

    The world of online shopping can open up huge revenue increases for businesses. Statistics show that in 2016, global e-commerce sales are forecast to reach nearly US $2 trillion, with the US alone being home to 205 million online shoppers last year.

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  • May 12 2016

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    The Australian food industry in close-up

    The Australian food industry is in a vibrant and profitable place currently, as good sentiment and positive financial returns grow steadily around importing, exporting, production and manufacturing. Following the ebbs and flows of such a dynamic industry is crucial in order to stay ahead of developments in new markets, legal developments and advancements in procedure and software.Demand for Australian products throughout AsiaThe Australian Trade and Investment Commission (ATIC) reports that a rise in living standards and a greater diversity of choice are two factors that play into the increased demand for products outside of China. In an interview with the Sydney Morning Herald, Tran Bao Minh, a chief executive of International Dairy Products, said that Australian food suppliers need to move quickly and operate at full efficiency to capture and deliver to the Asian markets."Demand is changing fast and consumers are constantly looking for new and better products," Mr. Minh said.The ATIC reports that the fastest-growing food and beverage market in Asia is China, with an impressive average annual growth rate of 35.4 per cent from 2011 to 2014."Demand is changing fast and consumers are constantly looking for new and better products," The opportunity is huge; China has a population of over 1.3 billion, as reported by Euromonitor, and is undeniably a strong market for the Australian food industry. Therefore, as demand for Australian products throughout Asia remains strong, Australian food and beverage businesses should be looking to manufacture and deliver in a smooth, timely fashion.Positivity across the Australian PMI index for food manufacturingAs a sub-index, the food industry has been performing well on the Australian Industry (Ai) Group's Australian Performance of Manufacturing Index (PMI). The index overall slightly dropped by 4.7 points to 53.4 points in April.This figure means that expansion has been at a slower rate than in March, as results on the Ai PMI that are above 50 points indicate expansion and a reading a below 50 suggests a decline in expansion. The PMI generates results from a monthly rotating sample of around 200 manufacturing companies.A drop of this size can be ignored for the most part, as it is small and sits within a wider upwards trend, and the PMI April result was the highest since April 2004. This manufacturing trend sits within the longest period of unwavering growth for the Australian PMI as a whole since September 2006.According to the Australian Trade and Investment Commission, food and beverage is a major industry sector for the Australian economy both because of its employment and its financial contribution. The various players differ in size, which provides the opportunity for niche products and large scale manufacturing of bulk items to both exist in fulfilling local and overseas needs.Ai Group's chief executive, Innes Willox, said this growth is a positive turn for an industry that has, until recently, been battling the choppy post-global financial crisis (GFC) economic seas. The Australian food industry is performing well on the PMI index. "While margins remain tight, recovering domestic market share and building momentum in a variety of export markets provide a strong foundation for the lift in confidence required for the sector to move up another gear. A budget that boosts incentives for business investment and innovation would come at just the right time for manufacturers to capitalise on recent gains," Mr. Willox said.According to the PMI April release, the Australian dollar as slightly appreciated, but the overall drop in the value of the Australian dollar across recent years is the main reason for the strength seen within the index. This depreciation assists sales in exporting and importing, providing room for growth.This is a positive outlook for the...

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