Achieve 75% faster process cycle time and 57% faster inventory turns in your process manufacturing business.
It’s impossible to streamline your operations when your ERP, CRM and supply chain processes are siloed.
Old infrastructure, high costs, reduced lead times and a need for improved visibility continue to make the environment a tricky one for process manufacturers. Add into the mix the introduction of environmental and safety standards that require additional management and controls, not to mention pressure to improve customer satisfaction, and suddenly the story looks different.
A major concern for many manufacturers. You need software that can help you raise the productivity bar, break new ground and ensure compliance, if you want to stay ahead of the competition.
In a Global CEO Survey on manufacturing competitiveness, Deloitte identified “cost, availability of labour, materials, cost competitiveness of materials, and availability of raw materials” as the third most competitive driver for manufacturers. So it's crucial you understand how much your process manufacturing is spending each week, month or quarter.
In recent years, it’s become normal for large sections of the food and beverage industry to launch products every year, while pharmaceutical companies are often pushed to accelerate the development of new antibiotics as outbreaks of drug-resistant ‘superbugs’ continue to rise.
This means that manufacturers need to be lean and highly flexible in order to keep pace—those encumbered by rigid processes and inefficient systems will be left behind.
A crucial requirement for all process manufacturers is the ability to keep up with new environmental and safety standards and successfully achieve compliance with new regulations, such as the UN Globally Harmonised System of Classification and Labelling of Chemicals (GHS).
Navigating this maze of global laws and restrictions can be a huge challenge, and failure to comply can be extremely costly in financial and reputational terms.
The good news is many Australian and New Zealand process manufacturing businesses are overcoming these types of challenges with the right business management solution.
The 2021 Federal Budget has delivered a range of tax incentives for small to medium-sized businesses, designed to help the economy continue its recovery from the COVID-19 pandemic. Most notably, extensions to temporary full expensing and instant asset write-offs will provide businesses with a combined $20.7 billion in tax relief. The changes come as the corporate tax rate for small and medium-sized […]
Casual and lower income workers, older Australians, and first–time home buyers were the big winners of the superannuation changes announced in the 2021 Federal Budget. The changes will see Australian businesses pay increased contributions to their employees, with a rise in the superannuation guarantee rate and the scrapping of eligibility thresholds. Let’s look at the five most important changes made to superannuation in […]
If you’re a HR or payroll professional, you’re likely all too aware of the Fair Work Commission’s (FWC) comprehensive annual salary obligations which took effect from March 2021. Given the high-profile cases of underpayments impacting both large and small organisations, you know the imperative to ensure compliance with these obligations, and the risks of failing to do so. But are your organisation’s leaders aware? One of the […]
During the pandemic, one sector that has suffered dramatically has been not-for-profit. Those organisations that relied on events or fundraising activities that simply do not work with social distancing have had to pivot and look at innovative ways to keep moving forward. This has been a global challenge for the sector. So, what should advisors […]
Wage underpayments have become an increasingly worrying headline in recent years, placing some of Australia’s most well–known organisations in the spotlight. And with the Fair Work Commission (FWC) introducing comprehensive salary award obligations in March 2020 to help prevent annual salary underpayments, the imperative for Australian organisations to get payroll right has never been more urgent. While most organisations may appreciate the reputational risk posed by non-compliance with these obligations and underpaying staff, many aren’t fully […]
Insurance is an industry that has moved relatively slowly when it comes to embracing new technology. Legacy insurance players have been slow to modernise compared to other financial sectors that have invested in technologies such as automation and artificial intelligence (AI) – cornerstones of new technology. There are numerous big insurance companies that have focused […]
COVID-19 has introduced many unexpected trends in the last year. But while some—like mask wearing and compulsive hand washing—will surely peter out, others such as accelerated technology adoption will have long-lasting impact. The shift to increasing digital touchpoints, cloud computing, and big data isn’t anything new in financial services, but the pandemic has put adoption […]
We can often discover what lies ahead by looking back – and needless to say, it’s been a year like no other for the accounting industry. Our clients have been on a tremendous journey, navigating their way through the unchartered territory of a global pandemic, while providing guidance and support to their own clients. Some accountants had to watch their clients close the doors to their businesses, while others took on […]
