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Don’t confuse price with total cost
The following cautionary tale, which shows the pitfalls of confusing price with cost, is a fairly accurate example of what we have been seeing in customers’ buying practices. What this story shows is that the true cost of wire includes so much more than the material cost. Those looking for true bargains need to consider a variety of factors such as rebates, product guarantees and return policies, and value-add features that may end up saving money in the long run. The calculation of costs must also consider lead time, fill rates, number of shipments to complete an order, as well as payment terms. All play a role in determining the true cost.
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$200bn of new revenues up for grabs in telecoms sector, says Ovum
Research firm Ovum says there will be $213.8bn of new revenues up for grabs in the telecoms sector between 2012 and 2015.
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Opportunity awaits the innovative
Globalisation and the growth of the online marketplace have intensified competition and increased the pressure on SMEs, but instead of letting this dampen the enthusiasm, its time small business owners think creatively and reshape their businesses to take advantage of changing trends.
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Global spending on electric power generation infrastructure will reach $403.7bn in 2011, report says
The global spending on electric power generation infrastructure will reach $403.7bn in 2011, according to Visiongain's latest report: The Electric Power Generation Infrastructure Market 2011-2021.
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Why your potential customers say “NO”
If you are not actively building trust, your business will appear risky to your potential customers. Your potential customers don’t know if your product/service will work or if it will help them. They aren’t sure if you are the ‘real deal’ or if you are any better than the ‘other guy’.
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Snakes, bees and cars without drivers cause power havoc
A report on energy management identified Queensland as the state with the greatest number of power outages in 2010.
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Latest greenhouse and energy data
The latest greenhouse and energy data has been published by the federal government.
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Rehiring safety staff after the GFC
Cutbacks are irrational during financially stressful periods as they only amplify skill shortages when conditions return to normal, which in turn hinders recovery. Much of Australia’s business community is now experiencing that costly scenario, as it endeavours to attract quality safety professionals, among other skilled personnel, to their businesses.
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Business outlook robust despite consumer apathy
The latest Dun & Bradstreet Business Expectations Survey shows the outlook for the first quarter in 2011 as being robust, despite consumer apathy being felt by retailers.
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Low knowledge of energy-saving schemes in Australia
A recent survey of 2700 Australian households has identified that consumers need help from the electrical industry to better understand the benefits of energy efficiency.
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Skills shortages loom large as risk to growth
A recent survey of 400 CEOs of Australian companies has identified skills shortages as a major challenge facing business.
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How do we get ‘more share’ of the consumer’s wallet?
Over the past few decades, Australian homes have been getting larger and more sophisticated, with consumers happily spending considerable money on their homes. We have more space, better quality and far more technology in our homes than ever before. And because of those increases, the electrical industry has experienced growth in its net worth. But that increase hasn’t been at the same rate as some other industries.
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Executives expecting strong finish to financial year
The latest Dun & Bradstreet National Business Expectations Survey shows strong employment and selling price expectations that point to capacity constraints.
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The link between IT and sustainability
IT can play a key role in sustainable practices across the business, but CIOs haven’t taken advantage of it yet, says industry analyst.
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Employer hiring optimism surges in Australia for 2010
Australian employers are reporting considerably stronger hiring intentions for the first quarter of 2010 compared to the same period in 2009, according to results from a recent employment outlook survey.
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A snapshot of the current employment landscape
There’s been a lot of negativity about the job market lately, much of which is fuelled by uninformed speculation. I found that it’s not all bad news, as I researched what’s going on at ‘street level’, especially in the electrical industry.
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ACT construction industry booming
The latest ACT Government report presents a positive outlook for the construction industry in Canberra.
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Warning to take extreme care with electricity in cyclone aftermath
North Queenslanders are being warned about numerous electrical dangers in the wake of Tropical Cyclone Yasi and are instructed to seek assessment of their electricity and electrical equipment by licensed electricians.
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Electrical industry rejects interstate rivalry claim during flood recovery
Australia’s electrical industry has responded strongly to recent media statements about differences in electrical contractors’ skills across state borders.
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Electrical industry says unsafe operators are the minority
NECA openly supported the action taken against electrical contractors who were recently found to have acted inappropriately and unsafely in Western Australia.
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Specialist electrical retailers fight back
Electrical retailers have been forced to scale back their reliance on manufacturer brands and invest heavily in private label and own brand ranges in response to non-specialists eating away at both their market share and margins according to Verdict.
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NSW government review to guard against rusty underground services regulations
The NSW government is calling for feedback into a review of corrosion protection regulation.
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Telcos rate Emerson Network Power as most reliable
Emerson Network Power has been recognised by Asia-Pacific telecom operators as the most reliable infrastructure solutions provider, according to analyst firm IDC.
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Report predicts OLED market to reach $2.9 billion by 2015
Fuelled by a rapidly developing OLED lighting market and many new applications for OLED displays, an explosion in demand for OLED materials is predicted in a recent report by an industry analyst.
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Engineering the big skill for the new decade
The jobs forecast for Australian engineers looks promising moving into the new decade, while the general job outlook for 2010 is ‘cloudy with sunny periods’, predicts the EL Executive Demand index, which has been trending skilled and semi-skilled job markets since 1992.
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Smart grid needs standards to be set now, says manufacturer
Powerline chipset manufacturer, DS2, is calling for IP-based standards to be established for the infrastructure needed to support the smart grid of the future.
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NBN works program update
Communications Alliance reports that progress is being made on developing the framework of the NBN infrastructure.
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New report highlights climate change challenge
An inventory of the ACT’s 2005–2006 greenhouse gas emissions, giving the clearest picture of ACT greenhouse emissions, was recently released and outlines key information about electricity consumption trends.
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Building permit growth in inner Melbourne and regional Victoria
The latest report from the Building Commissioner reveals the some construction sectors of metropolitan Melbourne and regional Victoria are experiencing growth.
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Report identifies printed battery market potential
A recent report from an industry analyst identifies some intriguing information and market projections of the emerging ‘thin’ batteries market.
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Solar power installation expected to surge in 2009
The federal government's decision to set a date to close the solar power rebate is expected to cause a surge in demand from consumers for domestic solar power installations in 2009.
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Construction and engineering projects increase in Q3
Defying the current downward economic trends, a recent ABS reports shows that Australia's construction and engineering markets enjoyed considerable growth last quarter.
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Construction activity strongest in a year
According to Property Council of Australia, the seasonally adjusted figures for Australia’s national construction industry rose 6.8 points to 55.2 — above the 50.0 point level separating expansion from contraction.
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ACT churning out apprentices
The ACT has experienced a 165% increase in apprenticeship and traineeship completions and a 125% increase in the number of apprentices and trainees in training over the last decade, according to the Minister for Education and Training, Andrew Barr.
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ACT apprentices content with their training: survey
ACT apprentices are happy with their choice of apprenticeship, according to a survey released by the Minister for Education and Training, Andrew Barr.
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