ABM Advisor: The ABM Blog.
Showing News Filtered By Date from: 2016-05-01 - 2016-05-31
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.Read Full Story
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.Read Full Story
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...Read Full Story
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