The new video social network created by QMI Solutions aims to do a lot more than help drive industry innovation through moving pictures. We believe that by fostering your ideas, skills and experience, it will ensure a sustainable and prosperous future for our industries. The Vuable video platform links small business and startups with larger organisations, including innovators, researchers and major projects.

Founded 25 years ago as the Queensland Manufacturing Institute and now a national industry solutions catalyst and technology disseminator – QMI Solutions is well known for taking the lead in introducing new technologies to industry, successfully.

“QMI successfully introduced the first industrial 3D printing system into Australia 20 years ago” said QMI Solutions Managing Director & CEO Gary Christian. “Vuable has been created in direct response to industry challenges in visibility, market access, collaboration and innovation.”

Mr Christian also foresees Vuable as having a significant role in connecting Australian researchers with industry and in helping companies market their innovations and products nationally and, eventually, internationally.

The market has adopted video through Facebook, Instagram and SnapChat stories, is an indication of how a well-planned and astutely organised video platform like Vuable can positively impact industry business growth.

“When QMI started to research and investigate a the concept of Vuable, we looked around the globe to see if we could find anything like it. Obviously, YouTube and other social media platforms serve a diverse range of video content to the masses, but there was nothing just dedicated to small business, industry and innovators” said Norm McGillivray, QMI Manager – Contracts and Engagement.

Vuable serves a range of small businesses in the sectors in which QMI and ICN Qld is already active – and that is suppliers into major projects, manufacturers and their intermediaries, projects in development and innovators. It is however not limited to these industries. Retail, construction, business services, tech and financial institutions, government departments and research organisations, can all benefit from connecting with others through the network.

INDUSTRIAL POWER OF VIDEO

Cisco Systems released a report earlier this year on the impact of internet-delivered video, estimating that by 2018 people will consume about 80 percent of their online information through video.

The growth of video information has been driven largely by the smartphone, Mr McGillivray said. Industry is rapidly coming to grips with its potential, with many already incorporating video into training and apps.

Mr McGillivray, who has been working with a team of professionals on Vuable for just over 12 months, said observations of the video trend is backed by QMI’s investment in the system.

“I see small businesses in general using video in many ways, along with larger organisations including government departments” he said. “Members of Vuable may initially use it to say who they are, what they do and who they work with. Taking their capabilities from text into the visual space.”

“Research organisations and government departments will use Vuable to show what assistance programs are available, and what research organisations are doing currently.”

He said QMI could also see Vuable impacting the project space, highlighting major projects and being used practically for infrastructure to supply information, for contractors, community engagement, “and social good”.

Mr McGillivray said Vuable would almost immediately enable existing QMI and ICN Queensland customers to elevate their ability to market – an ongoing challenge in the manufacturing sector.

“The use of a mobile is key. Filming video on-the-go and accessing a range of fantastic video editing apps make videoing easy and low-cost for businesses.”

VUABLE FEATURES

A useful feature is Vuable’s search functionality, which utilises hashtags, while full instant messaging capabilities are incorporated. This removes the friction from the dreaded cold call, and adds the ability for subscribers to interact, business to business, and arrange anything from meeting informally over a cup of coffee to arranging a site meeting at a business’s premises; we think this is a pretty cool feature.

Suppliers and innovators can come on-board and enjoy a free trial period of 30 days. To continue using Vuable there is a month-by-month subscription that’s $25. It’s very flexible, with total control to pause and resume a subscription at any time.

“Vuable is a first of its kind and in the form of a dedicated video platform for industry and innovation. We are very proud of that,” Mr McGillivray said.

“The vision of QMI is that QMI helps make new possible … Vuable will help us to supercharge that vision.”

For more information visit www.hivuable.comor call 07 3364 0700.

Made in Queensland is a Queensland Government initiative supporting our Manufacturing Sector to become more internationally competitive and adopt innovative processes and technologies.

The $20 million grants program is aimed at increasing jobs in Queensland manufacturing businesses and growing the state's economy. The 'Made in Queensland' Grants Program aligns with the 'Advance Queensland Advanced Manufacturing 10-Year Roadmap and Action Plan' that is supporting Businesses to transition from traditional to Advanced Manufacturing.

Owners of small to medium Queensland Manufacturers are invited to register their interest in the 'Made in Queensland Program'.

Eligible registrants will receive support from the Department to undertake a benchmarking program which will address areas where their businesses can become more competitive and create high-value jobs for Queenslanders.

To view the 'Made in Queensland Fact Sheet': Please Click Here

For further information, please visit: https://www.statedevelopment.qld.gov.au/industry-development/made-in-queensland.html or call 13 QGOV (13 74 68).

QMI Solutions is proud to be associated with this program through our benchmarking tool.

OPS is a revolutionary product that transforms the way companies approach procure-to-pay services and managed procurement services

Locally developed through a joint venture collaboration between QMI Solutions and Nation Data, the product has been 18 months in the making. It is the result of translating extensive customer feedback with market intelligence in the procurement space to fix the everyday headaches which procurement professionals face.

The OPS dashboard provides visibility, transparency and traceability of procurement processes, reducing transaction costs by up to 50%. Best of all, it is easy to understand and even easier to use.

OPS has already been adopted by Origin Energy through the Regional Buy Program www.regionalbuy.com.au with great results. Benefits using the system include :

Easy to usePowerful data analysis toolDIFOT statisticsEfficiency improvements [quantify in terms of percent or even better dollars]Empowerment [staff can see the bigger procurement picture]Culture [transparency, integration, better informed]Quantative and Qualitative information

I have been reading with interest the articles which have been coming through on LinkedIn and have noticed that, over the last while, that there seem to be an increase in the articles being published around this topic. QMI Solutions has been, for many years, picking this apart and providing tools, and consultancy on focused areas which match our expertise. As a result of this continuous effort to provide relevant information to our small to medium business clients, it was identified we required a framework which, not only measured a companies performance in dollars, but also provided the tool set to diagnose and provide the delta between current and potential enterprise value.

Based on our experience we have found -

the average amount of value businesses can create by strengthening their processes using CoreValue is 27.4%.By implementing a clear road map of actionable steps to increase enterprise value, 21.6% is the average annual increase in value by our customers – your peers.95% of business owners think their company is worth more than reality; and 95% of companies have at least one red flag threat to their ability to monetise.When CEOs assess themselves, they perceive that Barriers to Entry are well down the list of operational challenges. However, when asked to provide quantifiable data for this question, Barriers to Entry becomes the #1 value enhancement opportunity.26.7% of companies report lack of clarity in roles and responsibilities. These companies are telling us they have dysfunctional teams and deeper organisational issues; these issues hurt company value. The goal of course is to be a valuable, best-of-breed operator.A valuable company has a strong positive culture where employees are proud of their individual jobs and proud of the company they work for. 13.2% of companies using CoreValue report a failing company culture threatening their value.Just because you are hitting your numbers does not mean your sales are helping your company’s value. Here’s the key: do you have an effective Sales & Marketing organisation with transparent processes and procedures? Sales is an art, but more importantly, it is a science.

CoreValue Software - The CoreValue approach on enterprise value is V = PST, in other words, Value = Profit which is Sustainable (SME's ability to maintain its performance over an extended period of time / Transferable (SME's ability to maintain its performance without its current owner)