Vendor Risk Management – An Approach

Many organisations have fallen victim to unforeseen supply-chain disruptions and vulnerabilities in the last decade. An ineffective Vendor risk management system has led to recalls costing millions of dollars in businesses ranging from consumer goods to automobiles, and multiple organisations have struggled with cybersecurity breaches and loss of intellectual property due to failures in Vendor systems.

If a business can identify and mitigate Vendor risks effectively, it can ensure a smooth supply-chain management system and evade substantial losses that such events may trigger. This article will debate how a business can identify Vendor risks and alleviate their effects before any damage is done.

What is Vendor Risk Management?
Vendor risk management is a methodical approach to identifying, assessing, and mitigating any risk to supply chain management that may arise from the actions of the Vendor.

How to identify Vendor Risks
If an organisation wants to quantify Vendor risks, the ideal way to do so is by classifying them into two groups: Known Risks and Unknown Risks.

Unknown risks are the ones that are almost impossible to foresee. For example, a tornado destroying your Vendor’s warehouse can negatively impact your supply chain, and it’s hard to predict the intensity of a natural calamity until after it has occurred. In the same way, a cybersecurity vulnerability buried deep inside a critical electronic component of the Vendor’s system can shut down its operations without warning.

When handling unknown risks, the best strategy is to reduce their probability and increase your response time to maintain a competitive advantage.

Known risks can be recognized and measured- this means they can be managed over time. For example, Vendor bankruptcy is a known risk that can disrupt the supply chain. A business can assess its likelihood by analyzing the Vendor’s financial history and credit rating.

Similarly, cybersecurity breaches are newer risks that can be quantified by analyzing a Vendor’s IT system.

How can you manage unknown vendor risks?
Alleviating unknown risks is achievable by setting up robust defenses and building a risk-aware organisational culture. A strong culture ensures that defensive layers are in place to respond quickly when an unknown risk materializes and threatens to disrupt operations.

How can you manage known vendor risks?
organisations can use a structured problem-solving procedure to manage their known risks effectively.

The first step is to map out and evaluate the supply chain of your products. Each Vendor in the supply chain should be identified, along with the risks to which they expose your business.

Build a Vendor risk management framework where each risk is scored according to its impact, likelihood, and the organisation’s preparedness to handle it.

Regular monitoring of the framework is a critical success factor in Vendor risk management. An early warning system should be set in place to track top risks.
Constantly improve the agility and resilience of the supply chain.

Final Word
As supply chains become more global, the risk associated with Vendors multiplies. organisations must map out a systematic approach for Vendor risk management to avoid losses and ensure smooth operations.

For more information please visit: https://fiscaltec.com/supplier-risk-management/

Shops For Sale North London, but prices are rising

In the markets for commercial property, London is showing indications of heating up. There has been mention of a new property bubble, rising out of the ashes of the last, with politicians and senior economists equally at pains not to exaggerate the odds. The last boom crashed with the credit crunch, that saw values in areas of the capital plummet by as much as 50 percent. The low interest rates and quantitative easing brought in to address this, as well as the weak pound, meant that investment has flowed back in – and the time frame for new development meant that bottlenecks further increased demand. There has been great interest from outside the UK, with Far Eastern investors looking for bargains here. Shops for sale in North London can be a goldmine in the right hands – either for your own business or to rent out. Shops to let in North London have seen steadily rising rents in recent times. And although this might seem like a problem, it perversely gives rise to new opportunities for those prepared to act quickly.

The dynamic of ever-increasing rents has not met with complete approval. Although it is seen as a sign of a healing economy, the reality on the ground can be quite different. Traders who have worked for years in the same street are seeing their rents rising beyond what they can afford, as the property market races ahead of the retail sector of the economy. The result: the price of what they sell rises, and both shoppers and vendors move online looking for cheaper alternatives. Gaps are appearing once again as traders find it too costly to stay.

Some sectors are immune from these changes. An eatery or a coffee shop for sale in London has a better chance of making things work – you can’t purchase the coffee-drinking experience online. So some shops for sale in North London can challenge the trend, whilst others will simply accept the higher prices and see their margins squeezed (or the difference passed on to customers). The thing to remember is that commercial property London is not a homogeneous picture: different sectors and areas act very differently. The news might be driven by the health of grade A office space in the Square Mile; the reality on the ground for retail is rather different. Opportunities still exist for buyers and sellers, landlords and tenants; it’s just a question of finding the right shop and timing.

Please visit https://www.claridges-commercial.co.uk

Coach Hire London and a break to remember

If you’re responsible for transporting a large collection of people to and from an event or holiday, there are a handful of ways of going about it. Hiring a coach is one of the safest and most straightforward means, but you may well have discounted it because the coaches you are used to have not been great to travel on. Many people will have bad memories of coach trips on rattling, old vehicles with few amenities. Luxury coach hire allows you to travel in better surroundings, with a range of facilities to enjoy – drinks, a toilet, comfortable seats, air-conditioning, even TV and DVD players. Coach hire London is more like flying first class than the miserable old buses of yesteryear. Not only that, but it’s amazingly economical. These coaches can hold 40 or 50 people comfortably, and sharing the price between them means that no one pays over the odds. You even have your own chauffeur provided – or more than one, for longer journeys. For smaller groups, minibus hire might be a good option.

Minibus hire is suitable for groups of a dozen to 16 or so. Fewer than that and you are probably better off taking a couple of large cars or people carriers, and with more it starts to make sense to look at the smaller coaches. The problem – or advantage, depending on how you see it – is that you will have to be the driver yourself. That might be what you want, if flexibility and keeping costs reasonable are important to you. In other circumstances, it’s preferable to have a chauffeur who will do all the work for you, allowing you to sit back and enjoy the time with your travelling companions.

So, minibus hire is better for smaller events and outings, but for bigger groups and longer holidays you’ll need a change of strategy. That’s where luxury coach hire comes in. It makes getting to your destination simplicity itself: travelling together removes all the problems of people getting lost on the way, finding expensive public transport or not having their own cars. They just need to get to a set rendezvous point, and everything else is taken care of. Coach hire London works out as far better value than almost any other alternative. Ask around the many companies in your area and look for decent reviews on-line – the best outfits go the extra mile for their passengers and are well worth the small premium you pay for them.

Please visit http://www.goldenboy.co.uk/

Recovery Audit Software: Creating Transparency in Payments Systems

Accounts payable audits are commissioned by many companies to cut back on unnecessary costs which may slip between the cracks within a busy organization. If a company suspects it is paying too much, efficient recovery audit software can establish duplicate payments and disparities between payments negotiated and payments received. Normally, this software is installed alongside existing accounting software, and can be run on a regular basis to search for and analyse unnecessary payments or over-payments. Over time, these recovered invoices often add up to millions of pounds. The software works across different departments, making sure that system disparities between accounting or data entry are identified and either stopped or accounted for by those dealing with finance.

A full-scale accounts payable audit will also involve accounts payable consultants coming in to the organization to talk with staff, inspect systems, and provide recommendations for doing things in a different way in order to prevent losses and overpayments before they ensue. However, such an audit is not needed frequently. Reliable recovery audit software can run on its own once it is installed, showing results to employees in a clear and readable way, and automatically implementing necessary changes. Companies are generally encouraged to make corrective claims as soon as possible after the incorrect payment is made: during a delay, a claimant may go out of business, become hard to contact, or simply spend the duplicate payments or overpayments made to them.

Often savings are made by discovering duplicate claims and incorrect statement claims by vendors. These are not necessarily deliberate attempts at fraud or incorrect payments: busy people, on both the supply and payments side, can make blunders. Especially in a significant organization, changes in complex invoicing systems, staff turnover and the structure of the company can mean that many payments slip through the net. Meanwhile unclaimed cheques, errors with faulty currency conversion, application of taxes, VAT and discount offers, all cause problems.

Computers, however, have no margin of human error, which is why many companies opt for the forensic proficiency of recovery audit software. Efficient data analysis is a sophisticated way to investigate and correct historical overpayments, and to make recommendations for avoiding error in the future. And if there is fraud going on at some stage, in the company or with a supplier, the sooner it’€™s sniffed out the better. The larger the organization, the more money they inevitably save by doing an accounts payable audit.

Please visit https://www.fiscaltec.com/

Brise Soleil: the architectural style that includes free electricity

Brise soleil designs are an iconic part of 20th century architecture. Popularised back at the beginning of the century by prominent modernist architects including Le Courbusier (‘the raven’), a French design visionary, nowadays these structures are providing permanent shade for buildings ranging from elegant homes to university buildings and airports. And that’s not all: thanks to the ability of glass louvres to harness sunlight while they shade buildings from it, valuable solar energy is being generated through these designs, with a wide range of cutting-edge external louvres controlling air intake and discharge for maximum efficiency.

A brise soleil system is a series of blades angled to the optimum position for creating shade, restricting overheating and energy expending. When creating an efficient architectural design, glass louvres are integrated into shading systems to maximize sunlight during dark times, and to harness the sunlight’€™s photovoltaic energy on hot days. They help to protect buildings from sun damage and from overheating, and are popular for cutting down on air conditioning costs (and the associated release of carbon dioxide into the atmosphere). They also provide a striking modern effect, and can be etched into or tinted to enhance the building’€™s attractiveness.

Meanwhile, the external louvres designed by architects provide further screening from unsightly elements of a building, while also serving the double function of maximizing ventilation while keeping out rain and wind. Generally, they cover grills over exhaust pipes and air supply points to ensure a steady circulation of air from the outside. Cutting-edge design allows them to serve this function while also shielding the building’s interior from the elements, even including the snow and hail found in chillier climates. Glazed louvres can also be used within windows and doors.

The architectural style which includes sun screening solutions hinges on an aesthetic of efficiency, creating buildings whose modern clean lines aren’t merely decorative, but an integral part of the building’€™s workings. They are popular partly because of their streamlined look, but also because of this ability to offer multiple functions at the same time as being decorative. People who build using this method are looking for long-term solutions to air conditioning, heating, light and ventilation costs. Nowadays many glass louvres come with photovoltaic technology to actually harness the energy of the sunlight into a building’s generators. Looking to a future where buildings are expected to exist in harmony with their surroundings, and climate change becomes more and more pressing, brise soleil systems will become more and more ubiquitous as architects plan for the long term.

Please visit http://www.maplesunscreening.co.uk/

How to Sell a School – Where to look?

When you want to sell your house, the course of action is clear: you see an estate agent. They put your house on the market, advertise it, show it to people who are looking to buy, and with luck before long match you up with one of them. When considering how to sell a school, the landscape is similar – just more unusual. How to sell a church, how to sell a day nursery, or the process for passing on other unusual buildings, is not so very different from the main business of most estate agents. However, you would do well to approach a specialist to make sure that you gain the best possible service – and price.

Firstly, it’s worth knowing that many of these so-called ‘D1’ institutional properties are highly in demand. Running a nursery, for example, is a career that many people aspire to and with strong demand and lengthy waiting lists for the best nurseries, there is always a queue of people looking to buy your property. The same is true of schools, especially since the government opened up the Academies programme to more and more groups. The problem is that you can’t just put these properties on the market with a regular estate agent. Their clients are the wrong type. Neither can you opt for a typical commercial property agent. These are specialist buildings, and as such need a specialist approach – someone with experience in selling these kinds of properties and the contacts to make it happen. Regular estate agents just won’t understand the requirements of this niche sector, and won’t be able to find the right clients at the best price.

When considering how to sell a day nursery or how to sell a school, you therefore need to find someone with a strong track record with D1 properties. These include institutional buildings used for education, training, medical and health services, as well as buildings used for religious worship. If you need to know how to sell a church, this is one route to go down too – though you can sometimes find even more specialised property agents who deal with churches and nothing else. Whatever the type of your property, you stand a better chance of making a quick sale and receiving a decent price if you go with someone who knows the market well and has proven themselves in it many times before.

Please visit https://www.bernardgordon.co.uk/

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Recovery Audit Software Can Retrieve Lost Money

How much oversight do you really have over your accounts? You might have a reasonable idea of what is coming in and going out every week, but what do you know of the detail? The fact is that it would be terribly time-consuming to have every payment you make or receive compared against invoices, statements and other paperwork. That’s why duplicate payments, fraud and other faults can cost businesses so much. The more transactions you make, the more money you are likely to be wasting due to payments that are unnecessary. An accounts payable audit helps you to see where the leaks are in your system, throwing up warning signals when it seems like you have paid customers or suppliers when you shouldn’t have done. recovery audit software allows you to claim back what you have lost over time.

Often the problem will be innocent enough. The average invoice might have something like twelve fields of data in it. Fill out or copy one of these incorrectly and the result could be an inaccurate payment – perhaps too much, perhaps too little, perhaps something that has been paid in the past. The mistake could have happened at your end or when the invoice was created. However, in some cases it’s more unpleasant than this. Unscrupulous suppliers might double-send an invoice, knowing that you don’t have the systems in place to catch such events. The amount might be familiar, and so it goes through the accounts without a second thought.

Duplicate payments and other sorts of overpayment can total a significant fraction of a business’s turnover. If you engage in large volumes of minor transactions, then even a small proportion of these will start to make a hole in your profit margin – and could mean the difference between sinking and staying afloat. Carrying out an accounts payable audit will often pay for itself the first time you do it. However, you should try recovery audit software as soon as possible, because the longer you leave it the lower the chances of reclaiming your money. Companies go out of business, and individuals die or move away. If this has happened then realistically there is no chance of being compensated. Perhaps more importantly, you need to know what is going wrong at the moment – it won’t just be past mistakes. There may be instances of ongoing fraud you need to protect yourself against, or cases where repeated problems occur month after month, and cost you more and more as you go on.

Please visit https://www.fiscaltec.com/uk

Coach Hire London lets you see the City at your own Speed

My experience of coach hire london is something of a mixed bag – of positives and negatives. For years and years I negatively thought that luxury coach hire would be too costly and not very family friendly. Therefore travelling by coach seemed totally out of the question for a mother like me – on a small budget. But, based on up to date research and a few enjoyable trips out, I have since realised that my assumptions were pretty much unfounded and ill-informed. Indeed, there are some great deals around when it comes to hiring a coach. And, while not every excursion calls for luxury, there are times where a bit of extra padding on the seats, a bit of extra leg room, and a fully-functioning, spacious toilet facilities are just what you need when you’re serious about your day trips. In fact, despite the ever-expanding reach of budget airlines across central and Eastern Europe and as far as Morocco and the Nordic countries, coach travel punches above its weight when you’re staying within one country and are serious about driving in comfort and style (things that budget airlines most certainly don’t offer!). Minibus hire is probably the land equivalent of a budget flight, which is not to knock it, rather than point to its suitability for shorter drives – big days out at the coast, the park or for taking a team of young sportsmen and women to their latest competition.

In sum, coaches are best suited to internal travel, unless you are in no rush to get to your destination and do not get seasick as you take the cross-channel ferry! Let’s focus, then, on how great it can be to hire a coach in which to venture out in the UK. There is much talk in these austere economic times of organising a so-called ‘staycation’ – a holiday where you stay in your home country, though probably not in your home town.

Now, there are many perks to taking a staycation, and to luxury coach hire: no getting up at daybreak to get to the airport for the flight you reserved so long ago you thought you wouldn’t mind getting up at 3am; no stressing over your luggage being overweight or containing the wrong items; no need to confront one’s fear of heights! coach hire london will, contrastingly, allow you to see the sights in your own time. You can choose the group of people with whom you travel and, if it’s a small group, minibus hire could be right up your street.

Please visit http://www.goldenboy.co.uk/ for further info.

Presentation Design Agency – That encourages creative thought

The ability to present complex configurations of information has the potential to transform worker productivity and motivation. Problems crop up, however, when this complexity is not unlocked and unravelled but rather left in a bewildering knot, impenetrable and unintelligible to all. presentation designs can help interpret and guide employees through material that initially appears utterly incomprehensible. In fact, when Powerpoint design is utilized well it can truly enlighten an audience and prepare them to establish sales presentations of their own. In this way, the information ingested can be communicated to clients. A chain-like system of learning and transmission of knowledge can thus be made possible with Powerpoint. And it is chain-like systems like these that truly benefit companies’ profiles in the long term.

Why is it then that Powerpoint presentations receive such bad press? The reason most commonly lies in a lack of training or an emphasis placed on speed much too early in the day. Employees, especially those who are starting out in the profession, or who did not grow up in the age of the internet, need to be given time to properly grasp the potential of Powerpoint. If they were at school in the ‘80s or ‘90s they most probably learnt the basics but since then the software has been greatly developed. Forget outmoded shifts from slide to slide where the transition occurs through a dissolve or swirling effect – we have advanced. These days it is about making seamless steps from one screen to the next, all the while keeping the audience captivated. In fact sometimes it is not just about using one screen but rather about encouraging viewers to have fluid thought patterns consisting of associative links between image and text. Many screens can be used provided you get your overall point across clearly and check that everybody is in a good position to see.

One of the practical things to think about before you develop your sales presentations is the seating arrangement you will make for your audience. At this point, it is worthwhile tailoring your seating according to the type of product you are marketing using Powerpoint design. If you are in the business of marketing toys using powerpoint presentations, it will probably be deemed incredibly dull and unimaginative to ask your clients to sit as they would in the cinema of a lecture theatre – in rows facing the front. Consider a more creative option.

Please visit https://www.eyefulpresentations.co.uk/

London Schoolwear Supplier – sells Stationary as well as School Uniforms

It’s the summer, which means that parents are enjoying a few weeks off with their children, or perhaps wondering how they are going to survive until school starts again. Between now and then there is at least one potentially very large hiccup: the great annual purchase of school uniforms for the new term. The yearly trip into town for school clothes is etched into the minds of many parents as a trauma to be avoided; unfortunately, that’s easier said than done as children grow, uniforms cease to fit and there are inevitably other items to be purchased before term begins – stationary, bags, and the kit required for all the many different kinds of hobbies and extra-curricular activities they may sign up for. The good news is that a London schoolwear supplier will let you buy everything you need online, thereby side-stepping that appalling journey to the high street, when you will trudge miserably around shop after shop to find the right clothes for your progeny.

Shopping for school clothes online doesn’t have to be cause for concern. As long as you measure up carefully in advance and pay attention to the store’s size guide, you should be able to match your child to the sizes on offer. If, for any reason, the clothes turn up (typically within four working days – only slightly more than one of those awful trips to the high street…) and they don’t fit properly, you can return them for a refund or exchange. Just make sure you leave yourself enough time to do this and you can rest easy that your quest for school uniforms will be a little easier this year.

It’s not just school uniforms, though. Children will need stationary of various kinds, calculators and other paraphernalia. Most or all of this can be ordered on the same site – a one-stop-shop for all your school kit needs. And, unlike clothes, there’s no chance of your HB pencils being the wrong size.

All in all, a London schoolwear supplier can be a boon that takes the stress out of buying school uniforms. If you need the odd item and you happen to be in town anyway then dropping into the right shop might be worthwhile; if you’re looking to buy in bulk and get all of your school clothes taken care of in one fell swoop, then this is definitely the way to do it.

Please visit http://www.uniform4kids.com/