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1 BEACON INSIGHTS December Issue Beacon Insights December 2014 ASSES, OPTIMIZE, SUSTAIN. Why Becoming A Certified Individual Is Getting Vital? Abstract. The annual investment our companies that are included in the calculation of cash flow It is the studying that you do after your school days that really counts. Otherwise, you know only that make in inventory represent between 20% and are: change in inventory, change in accounts which everyone else knows. Henery Doherty 40% of invested capital. Inventory ties up cash, receivables and change in accounts payable. takes With that up space, being requires said, people handling, are deteriorates now starting and to fathom the significance of one being certified and is how sometimes it has a lost great or impact stolen. Purchasing on their career can play allowing a it take In a determining leap towards inventory success; management this is due strategy, to the it major fact that role being managing certified the grants investment you a in key to a vast world is of important opportunities. to determine Simply, the being balance a certified between inventory. individual We helps will you discuss get how to where inventory you want reduction to in a tranquil customer manner service and it and definitely inventory sets investment. you apart You from impacts the crowd bottom and generates line costs and self outline distinguishment ten and self-definition. can reduce inventory but if customer service and inventory management techniques that the buyer sales are also reduced profits will be adversely Gone are the days where one could rely on only their university can use to reduce inventory costs. affected. The diplomas, goal is to BSc find or ways MBA s to reduce to get somewhere in their career and as a result of continues inventories change without technology, affecting businesses customer becoming service. It more is critical dynamic that purchasing and competition, management we are now forced to adapt The following certification are ten as techniques an in expensive that can method be used to recognize show that the one s financial expertise impact is that current inventory and up to day. As a to result reduce of inventory this, the costs. number of now ambitious plays. resources For purchasing finding themselves to get the proper obliged credit in engaging cost into various professional disciplines clinging to the fact that it will blossom their future has increased drastically. for reducing inventory it is important to recognize 1. Work with suppliers to improve its The impact tendency to the of balance employers sheet, wanting the income to employ workers with communications specialized professions in the is supply increasing day statement by day in almost and cash every flow. enterprise as it acts as a filtering mechanism chain. as they are an unbiased barometer of one s skills. Also, companies now favor hiring 2. certified Negotiate staff lower or invest lead times on their with current Inventories can be found under the current asset staff to become one as it reflects credibility of the company and section of the balance sheet. Inventories are often suppliers. appear to be giving attention towards the development of their staff giving it an overall more earnest image. also broken down into segments: raw material, 3. Reduce the number of part work Professional in process Certification and finished range goods. from Financial fundamentals such as numbers International carried. English Language Testing analysts System carefully (IELTS) watch all the changes way through in the Project year to Management 4. Professional Find ways to (PMP), reduce Association surplus and of year Chartered inventory Certified balances. Accountants (ACCA), Charted Institute of obsolete Marketing inventory. (CIM), Institute of Commercial Management (ICM), Association of Business Executives (ABE), PRINCE2, Procurement 5. Improve supplier's quality to Inventory Professional is included Management on the income (PPM) statement & Certified in Professional in Supply Management (CPSM) which is the in fact calculation a certificate of cost worth of goods pursing sold. as If the it finds idealism in providing reduce broad costs. and open doors and leaves inventory you with wide investment array of is reduced, knowledge the and net income experience is which 6. is required Challenge for and a better reduce flourished minimum future. increased. The table below shows that for every order quantities and price dollar People that are the seeking inventory become is reduced, certified net income because is they have come to notice the impact it could have quantity breaks. increased on their future by the and same are dollar. noticing how it s the turning point towards a brighter future. Also, earn respect and credibility in the field they have chosen and it enhances 7. Have ones high knowledge. impact It parts also delivered demonstrate ones Good commitment inventory management to their profession frees up cash and that proven to definitely more increase frequently. earnings. your company can use to invest in future growth 8. Improve suppliers on time delivery Finally, people now have an urge to become certified as guaranteed it is the paramount towards opportunities. Cash flow is a calculation that performance. success in one s career. Also it ensures continual growth and it ensures that your knowledge keep measures the amount of cash available. Factors 9. Set up a supplier managed pace with the rapidly growing working environment and allows them to make a statement that they are in fact amongst the elite who have shared knowledge, terminology, inventory program. and ideas. 10. Take credit and track your efforts to reduce inventory. IN THIS ISSUE Need to Become Certified 3PL What about Reconciliation CPSM Graduation Launch of TALENTEDGE IN SUDAN Inventory Mngt Techniques Impact on Companies Financial Positions Course Completions / Upcoming Courses / Workshops Job Openings Tip of the Month Article FEW OF Title OUR COURSES FEW OF OUR COURSES A column break is inserted before and after each column that acts as a sidebar. To insert a column break, press Ctrl+Shift+Enter. Or, on the Page Layout tab, in the Page Setup group, click Breaks, and then click Column. Certified Professional in Supply Chain CPSM certifies that you have key knowledge and skills in areas such as Finance, Supplier Relationship Management, Organization Global Strategy and Risk Compliance and that you are a leader in the supply chain management profession. International English Language Testing System IELTS is the world s proven English language test. IELTS was one of the pioneers of four skills English language testing over 25 years ago, and continues to set the standard for English Language testing today and is accepted as English language proficiency by over 9,000 organizations worldwide. IELTS is recognized as a secure, valid and reliable indicator of true-life ability to communicate in English Supply Chain - Inventory Management Techniques Impact on companies Financial Positions. Summary Purchasing can make a major impact on the Project Management Professional Preparation amount of inventory invested. It is evil to tie up PMP cash credential in inventory is the and most carrying important it along industry-recognized a fiscal certification for project year. managers. Every dollar Globally saved in recognized inventory and has demanded, a direct the PMP demonstrates that impact you have to the the bottom experience, line profits education of our and competency to lead and direct projects. companies. Use above ten inventory management techniques to save your company money.

2 BEACON INSIGHTS December Issue 2 What About Inventory Reconciliation Reconciliation is a component of Integration Solutions that will lead to the blame game and loss of business confidence if not addressed upfront Inventory reconciliation is the practice of making sure the inventory you have recorded in your books matches what you actually have in stock. The reconciliation process is necessary for accounting and taxes, but is also useful in identifying problems you have with loss or flaws you have in record keeping. Inventory is money waiting to be sold to customers, yet all too often It seems to disappear at your expense, thousands of Pounds are written off with no understanding of what happened. RECONCILIATION is there to make sure this will never happen. Our 3PL project have started the reconciliation to all Zain warehouse for Non-commercial Items. The reconciliation is done on daily bases according to the inbound/outbound transactions. At any given time, the number of units we have on paper and the number of units that are actually in our inventory can be two different things. Even the most fastidious record keepers can miss updating an item after hundreds of transactions. Inventory reconciliation helps curb such errors by checking our Reports against a physical inventory count. Certified Professional in Supply Management (CPSM) Graduation All attendees including those who are now in management levels have given positive feedback as to how to this course has added value & played a share in their development. Also it has flourished there knowledge in strategic sourcing, leadership in Supply Chain field, how to mitigate Supply Chain risk, forecasting in the Supply Chain & impact of technology on Supply Chain to name a few. Completion of the CPSM course was a great kick off towards a successful career in the Supply Chain field which is now proven to be one of the most important fields. --- Ahmed Ali THIS MONTH CLIENTS

3 BEACON INSIGHTS December Issue 3 Sidebar Setup The sidebars in this template use simple, single-row tables for the gray-shaded headings and thermometer charts shown below for easy alignment. Add Sidebar Content Adding content into a column to create a sidebar is no different from adding text. As noted earlier in this template, apply the styles provided for headings, sidebar text, and even pictures to align them quickly and easily. Beacon Learning and Development announces its franchise with TALENTEDGE in Sudan; India s leading technology training & education solution provider. TALENTEDGE is a pioneer in providing professional level training in various fields like IT, Business, Finance, Management, Telecom to name a few. TALENTEDGE is considered as the preferred training partner for many corporates worldwide. With over 20 years of experience; TALENTEDGE offers technology based learning solution that are designed to enhance domain knowledge and specific IT skills in both individuals and organizations. TALENTEDGE has conducted training in over 100 locations across Asia, Africa, Europe, Middle East and South East Asia. Beacon Learning and Development announces By collaborating its franchise with TALENTEDGE with TALENTEDGE to in Sudan; India s leading technology training & education solution provider. TALENTEDGE is a pioneer in providing professional level training in various fields like IT, Business, Finance, Management, Telecom to name a few. TALENTEDGE is considered as the preferred training partner for many corporates worldwide. With over 20 years of experience; TALENTEDGE offers technology based learning solution that are designed to enhance domain knowledge and specific IT skills in both individuals and organizations. TALENTEDGE has conducted training in over 100 locations across Asia, Africa, Europe, Middle East and South East Asia. By collaborating with TALENTEDGE to launch this quality learning solution in Sudan, we bring a rich bouquet of Technology training applications that have already helped to change IT learning in India and other developing nations. This would allow Beacon Training Center to increase the educational knowledge base in Sudan for a better trained employment workforce. This collaboration introduces a broad and diversified range of offering from fundamentals to high level cutting edge programs in short term or as Career Enhancing Programs to build a career in IT. This enables our endeavor to change the landscape of education in Sudan by introducing affordable quality education for millions of students. As a result of this truce, the Sudanese market will be granted with technology training that will flourish their knowledge and help mark a new façade in Sudan which falls in line with Beacon s vision.

4 BEACON INSIGHTS December Issue 4 Supply Chain - Inventory Management Techniques Impact on companies Financial Positions. Abstract. The annual investment our companies make in inventory represent between 20% and 40% of invested capital. Inventory ties up cash, takes up space, requires handling, deteriorates and is sometimes lost or stolen. Purchasing can play a major role in managing the investment in inventory. We will discuss how inventory reduction impacts bottom line costs and outline ten inventory management techniques that the buyer can use to reduce inventory costs. It is critical that purchasing management recognize the financial impact that inventory plays. For purchasing to get the proper credit cost for reducing inventory it is important to recognize its impact to the balance sheet, the income statement and cash flow. Inventories can be found under the current asset section of the balance sheet. Inventories are often also broken down into segments: raw material, work in process and finished goods. Financial analysts carefully watch changes in the year to year inventory balances. Inventory is included on the income statement in the calculation of cost of goods sold. If the inventory investment is reduced, the net income is increased. For every dollar that the inventory is reduced, net income is increased by the same dollar. Good inventory management frees up cash that your company can use to invest in future growth opportunities. Cash flow is a calculation that measures the amount of cash available. Factors that are included in the calculation of cash flow are: change in inventory, change in accounts receivables and change in accounts payable. In determining inventory management strategy, it is important to determine the balance between customer service and inventory investment. You can reduce inventory but if customer service and sales are also reduced profits will be adversely affected. The goal is to find ways to reduce inventories without affecting customer service. The following are ten techniques that can be used to reduce inventory costs. 0 Work with suppliers to improve communications in the supply chain. Negotiate lower lead times with suppliers. Reduce the number of part numbers carried. Find ways to reduce surplus and obsolete inventory. Improve supplier's quality to reduce costs. Challenge and reduce minimum order quantities and price quantity breaks. Have high impact parts delivered more frequently. Improve suppliers on time delivery performance. Set up a supplier managed inventory program. Take credit and track your efforts to reduce inventory. Supply Chain - Inventory Management Techniques Impact on companies Financial Positions. Summary Purchasing can make a major impact on the amount of inventory invested. It is evil to tie up cash in inventory and carrying it along a fiscal year. Every dollar saved in inventory has a direct impact to the bottom line profits of our companies. Use above ten inventory management techniques to save your company money.

5 BEACON INSIGHTS December Issue 5 November Completed Courses Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sed luctus tellus. Pellentesque in dolor sapien, vitae dictum massa. Aenean vitae lorem dui. Morbi tempus lacinia nisi, vel scelerisque nibh facilisis id. Integer urna tortor, ullamcorper aliquet viverra non, mollis sed dolor. Donec nunc velit, pretium eu pellentesque eget, mollis vel arcu. Report Writing was successfully conducted and completed in 5 days by Haifaa Mohammed. Suspendisse vel purus nec erat pellentesque commodo. Aliquam tempus aliquam mauris vel dapibus. Nullam at metus erat, in convallis massa. Aliquam erat volutpat. Praesent ultrices odio in elit fringilla id rutrum mi mattis. Duis purus eros, aliquam eu cursus tincidunt, feugiat vitae magna. Etiam sodales consequat nibh, eget rhoncus metus convallis et. Morbi rutrum mollis facilisis. Aenean faucibus Morbi tempus lacinia nisi, vel scelerisque nibh facilisis id. Integer urna tortor, ullamcorper aliquet viverra non, mollis sed dolor. Etiam sodales consequat nibh, eget rhoncus metus convallis et. Phasellus dignissim nulla at diam fermentum in sollicitudin sem condimentum. Pellentesque condimentum diam et sem rhoncus semper sed Negotiation libero. Skills Aenean Course was successfully conducted and completed in 1 week by Haifaa Mohammed. condimentum, lorem vel faucibus pellentesque, quam nunc lacinia augue, vel sagittis dolor Beacon ipsum vitae is holding velit. Ut a feugiat seminar this December on; The role of odio ac dolor Supply iaculis consequat. Chain Management Praesent sed in creating competitive edge for lacus ante. Nullam the business pretium commodo organization. libero, at congue sapien dignissim a. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. In hac habitasse platea dictumst. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Ut fermentum sem non metus faucibus blandit. Sed placerat bibendum fermentum. FROM MORE INFORMATION VISIT US ON OUR WEBSITE HOTLINE: 1929 At last our initiative to run a regular workshop about supply chain is becoming a reality. Our first workshop is going to be held this December, at Faisal Islamic Bank - Al-mashtal Street Al-Riyad. We selected the topic for the 1 st workshop to cover the exploration of the added value that the supply chain function and process can offer to the organizations in order to create a competitive advantage for them. BEACON S DECEMBER COURSES

6 BEACON INSIGHTS December Issue 6 BEACON S JOB OPENINGS Collector Duties & Responsibilities: Administrative & Quality Assurance SPV Duties & Responsibilities: 1. To follow up frequently for payment commitments. 2. To identify when delinquent accounts need to be called based on their terms of contract and call promptly once an account becomes past due. 3. To provide detailed information in the on line credit notes. 4. To handle all requests for documentation and to conduct all research resulting from the morning calls in the afternoon. 5. To reconcile at least one disputed account per day. 6. To provide superior customer service to our internal and our external customers. 7. To inform commercial department of significant changes in account status in a timely and professional manner. 8. To compile and submit information about problem accounts to the Department Manager. 9. To maintain good customer relations. Other Functions: To work as a team with commercial department, customers, other departments and members of this department to increase revenue and accelerate cash inflows and reduce credit risk & perform other tasks assigned Job Requirements: 1. Education: Bachelor's Degree preferred. 2. Experience: Minimum of three years of experience in collections. 3. Exceptional Negotiation Skills, Interpersonal Skills & Problem Solving Skills 1. Supports operations by supervising staff, planning, organizing, and implementing administrative systems. 2. Evaluates, develops and recommends office procedures and practices to senior management and ensures that approved office policies, practices and procedures are understood and followed. 3. Conduct daily quality assurance checks on warehouses general conditions, as well as to identify required improvements on the racking arrangement, labeling, quality and stacking of material. Etc. 4. Conduct quality checks on the in-bound consignments and the out-bound consignments. 5. To review, assess and ensure the adequacy of all logistics transactions documentation. 6. Tracks the project expenditures by recording expenses, alerting the Project Manager to budget overruns and unusual expenses and authorizing purchases. 7. Maintains a variety of financial records such as petty cash fund, purchase orders and requisitions. 8. Reviews/audits the maintenance of the 3PL resources, to ensure that equipment are maintained as per agreed standards. 9. Meets cost standards by monitoring expenses and implementing cost-saving actions. 10. Performs other related duties as directed by Upper Management. 11. Ability to be exposed to tough work environments & ability to work under pressure 12. To have positive qualities Job Requirements: 1. Bachelor Degree in Business Administration or related field 2. Excellent knowledge in MS-Office ( ) Counsellor Duties & Responsibilities: 1. To know how to deal with and advise applicants/students. 2. To know how to handle all types of enquires. 3. To know how to market, sell and promote the courses. 4. Follow all processes and procedures hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh Job Requirements: 1. Bachelor s degree (in Sales is preferred) 2. A fluent communicator in both English & Arabic. 3. Excellent computer skills and has the ability to work with ERP system and reporting 4. A team player. 5. An excellent negotiator with a good convincing power. 6. Smart, Dynamic, presentable and have friendly nature. 7. Can work under pressure. 8. Have the ability to adapt to changes in the technology. 9. Highly motivated candidate

7 BEACON INSIGHTS December Issue 7 6 Time Management Tips for Workers 1. Start with a list of easy tasks that can be completed quickly. By organizing a list of easier tasks first, you can get the smaller stuff out of the way and give more of your attention and effort to the bigger projects. Also by doing this, you won t have to worry about those smaller tasks that could end up getting in the way of the ones that really matter to you and your organization. 2. Break a big task into smaller tasks. Sometimes it s hard to know where to start when you have a major project to complete. To confront this, you should take that project and break it down into a few smaller tasks that you can do without much stress. You can also batch similar tasks together. 3. Start creating your to-do list for tomorrow, today. Before you go home from work, the last thing you should be doing is to create a list of things you need to do for tomorrow. This way, when you head into work tomorrow. 4. Use a calendar to keep track of everything. This way, you never miss anything important. 5. Ignore distractions as best as you can. There are so many things that can get you off-track, Stay focused. 6. Try not to multitask if you can. If you focus on each individual task separately, you will be more effective in all that you do. OUR MISSON We believe that in order to create business opportunities we must raise the level of professional-ism through a never ending cycle of learning, development and passion for a better future. We promote continuous professional development which will fuel our quest to be the best and to be the best we must follow Best Practices We have confidence and belief in what we do, how we do it and why we do it and it grows day by day and is achieved by continuous appraisal to ensure the best quality of our performance. Our Calm, Clean, Safe and Friendly motivating work environment promotes trust between our employees which is embodied in an exceptional team spirit. BEACON S & TALENTEDGE S CONTACTS https://www.facebook.com/beaconsd UCuI5dyDvbnG6fLLkp0GWPvg?feature=watch Website: Phone: Beacon Insights Direct Line: 1929 Alsalam St, Altaif Khartoum, Sudan Website: P.O.Box 7332 Phone:

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