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Arlen Lee

ETRM System for Better Management and Optimization

May 13, 2018

Energy Trade & Risk Management is a system traditionally used for trade activities and data storehouse offering operational, compliance, control, and restricted risk management functionality. It was designed with an aim to surpass in performing things like nominations, settlements, scheduling, invoices and accounting for financial as well as physical trade activities.

In recent years, the main requirements from an ETRM system regarding gas, oil, and power products has dramatically changed. According to survey, primary concern of active firms in natural gas market is operational & asset optimization. Second concern was risk management, financial operations, and regulatory compliance.

Optimization of operational, physical asset & long-term contracts

It means firms are missing prescriptive reasoning in their systems, so as to optimize long term contracts and assets. To overcome this limited optimization functions of energy trade and risk management system, several firms perform asset optimization using spreadsheets or separate apps.

Main reason behind increase in operational & asset optimization analysis is to obtain maximum asset value and long term operational flexibility for sale or purchase contracts. For optimal operating decisions models need large scale simulated and vibrant programming techniques.

Optimization-based and simulated-based models

ETRM has data connectivity tools, which allow them to handle multiple inputs arriving from different systems. However, their performance can fall short while performing vast number of calculations in simulated-based environment. For example, simulated-based models can offer optimum dispatch schedules on the basis of predicted energy market conditions, storage facilities insertion & withdrawal plans, or program long term cargo delivery contracts.

Few main benefits from optimized-based model is they help contract owner and asset enhance margins without getting exposed to extra risk, decrease operational risk, ensure all limitations get fulfilled and enhance internal harmonization across operational and trading unit.

From portfolio perspective, integration and aggregation of many physical assets and multiple contractual exposures allow to identify hidden opportunities, which can enhance operating plans.

Valuation & hedging

A demanding calculable framework is needed for creating valuation & hedging strategies because of the multifaceted nature and unshakable option clauses in physical assets operational and contract flexibilities. It is crucial for gaining a competitive advantage.

Risk management

Integrated energy trade and risk management system allows to achieve risk information from different units and take action. For example, counterparty, contract, and market information resides in different system, which is used by market team. The credit risk team also needs this information to perform EaR [Earning at Risk] and CFaR [Cash Flow at Risk] analysis. Thus, integrated system makes estimation of real-time changes in metric possible and hence respond to those changes.

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4 Ways How Automotive Dealers Can Use Marketing Creatively To Generate More Sales

May 12, 2018

The past, present and future of marketing is reigned by online marketing. And it adds gold to the goodwill of automotive industry overall. So, how does an automotive dealership owner like you, perform your duties effectively? Of course, innovation and creativity are the ingredients to an effective marketing. Here are a few tips that might come in handy.

  1. Be active on social media and live chat.

You can fill the gap by keeping the social accounts of your automotive dealership firm active. Only by merely posting an ad is near to zero progress, there are a wide variety of tasks to be carried out. Attend to your customer’s query by commenting on their wall posts, or reply to their relevant queries on live chat. Attending to customers’ little needs is very essential in this new age of dealership marketing. By remaining active on social media accounts and live chat, it helps the customers and prospects to make wise decisions on their purchases and boost your sales in return. Also, be open to their suggestions and feedback.

  1. Integrate an effective Automotive CRM in your system.

By installing an ideal automotive CRM for your dealership firm doesn’t only help in making your marketing effective, but it also contributes to the progress of your firm in the long run. By collecting the data of your customers in your database and analysing it, helps in determining their needs and further helps you to design a campaign accordingly.

  1. Video marketing is the new trend.

Car videos are so effective that just by merely mentioning it adds around 20 percent more to the probability of your open rates. Video clips have always been a godsend miracle to add more to the sales, as it attracts the prospective buyers more than achieved through TV or newspaper marketing. Make appealing videos to attract them by uploading on your websites and sharing it on your social media accounts. Think something more than test-drives, try integrating services like car care, DIY tips, customer reviews and a lot more!

  1. Plan interactive events

While you are planning campaigns for your customers, make sure you include some interactive events like loyalty programs, community events, and more. Recognize the challenges and prepare yourself accordingly. Make sure you also appreciate the efforts of your colleagues and yourself too.

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Excel Tip – Create Multiple Reports In One Pivot Table

May 12, 2018

Pivot table reports are among the best options that come with Excel. They are really a existence saver for users who’ve to summarise or process considerable amounts of information from Excel tables or lists. Excel Pivots beat Excel tables or lists in lots of ways such as the below- simply to name a couple of –

They display the precise data you need to analyse by dragging and shedding

You are able to pivot the information to see it from various angles (hence it’s name)

You are able to apply concentrate on specific data details by expanding or collapsing data or just by making use of filters towards the Pivot

Make data comparisons really rapidly and simply

Identify data patterns, relationships, and knowledge trends really rapidly

So that would be ideal, we have seen why you should be using Pivot Tables, only one excellent feature of Pivot Tables is the opportunity to output multiple reports with only a click of the mouse button.

The scenario let’s imagine is our national sales director wish to talk with all regional sales managers and check out their year up to now sales. We’ve extracted the information from your database and also have saved it in .xlsx format.

We’ve produced a typical Pivot Table for that national sales director. They might easily interactively alter the filter around the table to pay attention to the person regional managers figures.

Great yes? Obviously all the data summaries are visible for that national sales director, but they demand each regional manger to obtain their own report to allow them to take a look at their very own individual areas.

But that’s no problem! You can fulfill this request multiple reports using the click of the mouse.

Make your usual Pivot Table and add Region towards the report filter. All we have to do then is hit

Pivot Table Tools

Pivot Table

Then hit Show Report Filter Pages

We’ve one Filter within this Pivot table- Region (one for every Sales Director)

Just select it after which hit OK.

You will notice all the Sales Regions now come in different sheets inside your Excel work book instantly. All your national sales managers are in possession of all the reports they require individually to go over using the regional sales managers.

Task Finished! This tutorial explains using one Excel Pivot Table to produce a variety of reports instantly using the click of the mouse.

The basic objective of undergoing pivot table training is to comprehend how and when to use the pivot tables and connects them to external databases. With expert trainers at Comat you would quickly learn how to create basic and advanced excel pivot tables.

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Print Management and Network Security

May 8, 2018

Print management can frequently be a pain for network operations managers and network managers, particularly if the enterprise or organization depends on their operating system’s native print spoolers. But beyond mere annoyance, inadequate print management can certainly be a security risk for the organization’s sensitive data and materials.

Print Management Vulnerabilities

Many network operations managers and managers would prefer to work on items like maintaining network integrity and security, instead of troubleshooting enterprise print problems. However, some network managers and admins might not understand that resolving poor print spool management may also greatly increase network security.

An important concern in publications management and network security–thinking about today’s highly mobile work environments, which more and more implement WAN’s to support mobile users–may be the print data that’s “uncovered” while sent in the finish user’s machine towards the printer within the WAN. Native OS print spoolers work very well within the convenience of which they are designed. However, they are only made to accommodate a really narrow selection of tasks, and comprising WAN security is usually undertake and don’t.

The good thing is that any top quality third-party print management solution will give you elevated WAN to safeguard print jobs. Plus Tech’s OM Plus print keeper, for instance, encrypts print jobs between OM Plus servers. Jetski from the interception and compromise of sensitive documents by rogue employees or by neighboring or crawling computers with accessibility WAN.

Print Management Prevents Accidental Security Compromises

This ability of print management methods to control and manage user print rights and printer performance may also prevent accidental compromises in document security. Utilizing a native print spooler, a person may send print jobs towards the wrong printer, meaning non-primary parties or departments could receive highly sensitive print jobs within their print tray accidentally. For instance, an HR documents that contains social security figures, salary information, or suggested alterations in workforce personnel could print around the production floor instead of around the HR department’s internal printers.

Unauthorized parties could then either wean information in the documents they should not be seeing, or perhaps in a far more benign scenario, they might simply dump it incorrectly or with no security/destruction measures appropriate towards the document.

Printer Problems and Solutions: Studying Between your Lines

While these complaints are relatively minor when compared with more foreboding network security threats, you have to think about these problems relatively. That’s, time that network managers, managers and help-desk staff spend focusing on or troubleshooting problems associated with print management ‘s time spent no longer working on other network vulnerabilities. The Worldwide Data Corporation (IDC) estimates that 40% of help-desk calls are based on printing problems. When such a lot of sources are allocated to an issue with this kind of easy solution, it might be more and more hard for management to warrant not applying another-party print management solution, particularly because of the security concerns this type of solution addresses.

When it is about having a secure print environment for your organization, you can trust the print management solutions by Fuji Xerox. The system provides benefits like controlled use of resources, convenient printing solutions and management of printing costs.

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Tricky Business of ‘Divorcing’ a Business Partner

Apr 28, 2018

Whenever a business is totally new and the possibilities of potential success is incorporated in the air, existence feels and looks good. Just like inside a marriage, partners don’t get into a partnership presuming that either their bond will fail or they will have to “divorce” their partner. When the parties follow their attorney’s advice, they’ve already an itemized partnership agreement to steer and control the termination from the departing partner’s curiosity about their bond.

Whether or not the partnership has this type of written agreement, a number of these partnership contracts won’t cover the problem in which the parties cannot stand one another and can’t agree. This can be brought on by dashed about success, variations in lifestyles, or decisions on employees. As with the situation of the marriage, it might be brought on by one partner working outdoors from the partnership relationship or disagreements on spending or revenue producing within the business. Sometimes one partner brings out of all earnings and yet another partner does everything. This is often a supply of friction between your parties in which the parties would like to split. How’s this done, though, when neither party really wants to leave?

One of the ways would be to get one partner make a deal to another partner that is in a cost that she or he can be purchased out and conveying to another partner they’re prepared to be whether buyer or seller after which allowing another partner choose which she or he would like. Such offer can contain terms for example installments (when the offers are not for money), rate of interest or amount around the obligation, to safeguard the borrowed funds, to mention a couple of.

Other factors can include if the departing partner should sign a non-compete agreement to preclude the departing partner from beginning exactly the same business again on and on following the partnership’s customers. This kind of agreement should be reasonable in scope and time period, but might provide the departing partner might not ask or target the partnership’s customers and prospects where written quotes were sent by the partnership for a couple of years. It could also be written to preclude the departing partner from operating or employed by a business within the immediate geographic vicinity because the partnership is situated. The kind of business, the permanency from the customer and how long and cash the partnership invests to get the customers will dictate which kind of agreement is suitable.

Then, there’s your debt. Many occasions the partners get yourself a loan in the bank and also have to sign an individual guaranty. Any offer will include a technique whereby the departing partner is released through the bank out of this debt. The sale also needs to have an indemnity, whereby the departing partner won’t be responsible for your debt from the partnership following the date of split. A “hold harmless” provision would be also advantageous to ensure that when a creditor was effective in acquiring a judgment from the departing partner, the remaining partner would pay the quantity of such judgment making the departing partner “whole.”

When the offers are recognized, it ought to be drafted by means of an agreement where all the relevant provisions are positioned forth. When the offers are not taken care of immediately, another partner cannot pressure the offering partner to later be considered a buyer or perhaps a seller. When the matter later results in court because the partners haven’t resolved their partnership breakup, a court would most likely see this offer like a positive position and might make use of the offer to determine a benchmark for that appropriate cost from the curiosity about their bond.

Hopefully, using this method allows an even breakup that will permit the departing partner to pursue a brand new business future. This outcome is certainly more suitable over many years of constant conflict which could adversely modify the lengthy term value the business.

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6 Top Tips For Great Management

Apr 28, 2018

When you become a manager, you in turn become a leader and influencer. In such an important and varied role, there are many paths you can take – some leading to good management and some leading to bad. As a manager, it is important to never lose sight of the bigger picture and to be the spearhead your team needs in order to reach success. Here are 6 top tips that will ensure great management:

  1. Be Fearless

As the head of the team, managers cannot afford to be paralysed by fear. As a manager, you will often be in a position where you have to make difficult decisions on the spot, so trust your instincts and be fearless in pursuing what you believe is right.

  1. Accommodate Change

Although it always pays to have a plan, rigidity is the enemy of progress. If circumstances dictate that change is necessary, it is always important for managers to be the first to accommodate it. As the leader of your team, your workforce will look up to you when a crossroads is met. By boldly adjusting your plans when the situation necessitates it, you can convey yourself as a strong and flexible leader.

  1. Keep on Learning

Although as a manager you are often the teacher, you must also take on the role of student. As the field of management is constantly developing at high pace, it is essential to stay on top of new trends and methods. This is best achieved by topping up your knowledge through attending management courses throughout your career. If you’re looking for a management course in the UK, you can find programmes with world-class trainers that can develop your knowledge in anything from HR to PR, and everything in between. As well as this, remember that you are not always right and never dismiss another colleague’s opinion. When you listen to the advice of others and take it on board, you show that you respect them and in turn gain respect.

  1. Fight for What’s Right

As a manager, you are an advocate for your workforce. By fighting for what is right, and knowing when a battle isn’t worth it, you will gain the trust and respect of your peers. This is invaluable as a manager, as when people believe in what you say, it gives you the cooperation you need to get things done efficiently and effectively.

  1. Stay Positive

A negative manager is liable to bring down the vibe of an entire team, which is why it is essential to always remain positive. Never complain when times get tough or your workload is heavy, as this will only encourage others to follow in your footsteps. See every hurdle as an exciting challenge that you must solve, and you’ll never experience a down day.

  1. Be Your Own Best Advocate

Being a manager can be tiring, and as the first person people come to with problems and complaints, it’s easy to feel undervalued. This is why it is essential to advocate for yourself and congratulate yourself when you get things right.

A manager holds a pivotal role in a company with high levels of responsibility. By always maintaining high levels of empathy and integrity, you are sure to have a successful career in management.

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The 7 Concepts of Effective Construction Partnering

Apr 21, 2018

Many organizations and industry associations now endorse construction partnering and for that reason, performing partnering sessions have grown to be a typical practice for a lot of projects. Large construction projects are complex – there’s more on the line, more players, representing more diverse backgrounds, more details together with technology which have dramatically altered both speed and also the methodology in our work. Effective partnering in the beginning is paramount to success to make sure that projects have outstanding quality, delivered promptly, on budget with maximum collaboration and minimum conflict.

But, effective partnering is not only turning up for that preconstruction partnering session at the outset of a task. It takes another approach and mindset with the existence cycle from the project.

Just how is the partnering? Make use of the following seven concepts of partnering like a listing to carry your and yourself team accountable to as being a better partner.

1. Invest in partnering. Before you partner effectively, any project team must fully invest in a partnering approach. Assess your organization’s partnering capacity and address any gaps. Bring the work team together and discuss why you ought to partner with whom. Review past encounters of partnering and choose the best way to enhance your approach. Partnering won’t happen simply because you believe it’s wise. Your whole team must be dedicated to the idea and it is process. It is crucial that they learns and understands the partnering skills necessary to work.

2. Invest in achieving mutual project goals. Prior to the first shovels get started, make certain you have defined mutual project goals, success metrics and also have a obvious knowledge of how to work (and work nicely) together. These initial contracts may change throughout the work, but it is critical to make sure that your partnership is dependant on real understanding – not false assumptions. When everybody around the team includes a shared understanding and dedication to the important thing goals from the project, then these goals are more likely to become accomplished.

3. Ensure early, broad and deep participation. One mistake that turns up frequently would be to keep your partnering responsibility limited to just a few individuals. For the team to derive all the advantages of partnering, your relationships have to be whatsoever levels and start very at the start of the existence of the project. There must be broad responsibility for creating and looking after a effective partnering culture. This can develop a better understanding among partners, improve information discussing and potentially identify other possibilities for future partnering.

4. Define obvious rules of engagement. To operate together effectively, teams require a consistent knowledge of the roles and required each team member along with a obvious meaning of working together. Blurred responsibilities can result in power struggles, conflict, duplicated effort or gaping holes. The best way to gain velocity will be obvious about what you would like to attain and who can do it.

5. Encourage honest and open communication. Good communication may be the first step toward partnering. Good communications means there are no hidden alliances, no undercover conflicts with no big surprises around the project. You will see variations inside your partnership – risks, expectations, processes, culture, priorities, and personalities. Success is determined by what you can do to hear one another, bear in mind and respect variations, accept what you cannot change and concentrate on where you can find winning value propositions for those sides.

6. Follow-up and measure progress. Partnering ought to be an essential element of regular project conferences. Begin using these conferences to check on in on partnering concerns, ideas and also the progress from the partnership. Consider what’s employed in their bond and what’s not. Look at your progress against mutual goals and metrics. Study from your successes and mistakes. Spending time to understand your successes regularly is a terrific way to refuel your partnership.

7. Invest in cooperating and staying away from the culprit game. Troubles are inevitable on the complex project, which is rare that anyone individual a treadmill clients are entirely responsible when things fail. You can easily get up to date incompatible as well as in “winning,” and as a result not obtain the issue resolved and finish up damaging your relationships. Shift your opinions from blame to healthy curiosity. Blame is all about knowing, curiosity is all about comprehending the problem at depth to obtain a obvious picture of the items the actual issues are.

By Doris Kovic, Partnering Company. Blue Cove Partnering.

Blue Cove Partnering helps client teams initiate massive construction projects with this innovative partnering. This method sets a strong foundation for top performance collaboration, realizing remarkable results – outstanding projects, produced by teams truly dedicated to working well together.

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How you can Implement a highly effective Partner Relationship Management Strategy?

Apr 20, 2018

Define the best Partner Model

With regards to creating effective partnerships, to begin with, you have to define someone model to ensure that you can use it for engaging exterior providers. For that organization, it is simpler to determine the building blocks and also to operate guidelines for selecting and using the delivery partners when the model is proper.

Define Your Business Objectives

You have to define the business objectives from the partner delivery model. This should help you choosing the proper partner and handling the performance effectively. When the objectives are defined, it becomes simpler for that organizations with regards to creating guidelines regarding when service delivery partners ought to be used.

Choose the best Partner

With regards to selecting the best partner that may satisfy the service delivery, the business must have proper selection criteria to follow along with. It’s a fine idea to perform a partner classification based on the necessity thinking about different delivery needs after which define the choice criteria. There might be varied needs just like the ability to mange some service demands within target length of time. Based on the accessibility to technologies, specific products and particular geographies, the necessity arises.

Manage Your Lover Relationship

For that steady development of your business, you have to manage your lover relationship on consistent basis. Among the best methods to make partner contract effective is thru partner relationship management. With this, it’s good to think about obtaining a dependable party that may efficiently handle the contractual relationship. Should you administer these partner contracts on continuous basis, then it can help you are taking proper care of the expectations of the organization and also the partner. Furthermore, it might be simpler that you should meet business in addition to financial must sustain the connection.

Create a Complete Readiness Plan

When you select a suitable partner, you’ll need having your selected partner ready for delivering services in your account. If you would like your lover developing line on time and it is competent to provide the contracted services, then you need to create a complete readiness plan. With regards to making such plan, make certain that you simply incorporate a gap analysis of the partner abilities to determine readiness. Furthermore, there must be accessibility latest products information, training in addition to infrastructure needs, customer records, and certain other products within the list that are essential for getting the partner online.

Are the ideal Performance Management Model

If you want for the prosperity of your lover delivery program, then it’s crucial to create a fine performance management model. There must be indicators for that financial performance in addition to service delivery targets incorporated inside your model. You could do only if you have persistent overview of performance together with your partner.

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Exactly what is a Business Partner?

Apr 17, 2018

The term business partner or partners signifies that several people is involved in an industrial enterprise. Generally a business partner is misinterpreted to imply that the partner has invested capital within the business. But this isn’t always the situation. An industrial enterprise offer a partnership for an inventor or manufacturer. The partner shares within the gain giving exclusive manufacturing or selling legal rights towards the enterprise that provides her or him partnership.

Partners could be family people which is the situation in many medium and small sized firms. Family people are created partners for many reasons. Obviously the main reason would be that the business remains as in the household despite the dying of their initial owner a treadmill of their proprietors. Next the tax compensated through the business is reduced when there’s greater than a single owner.

This is exactly why siblings and siblings, husbands and spouses, and fathers and sons would be the co-proprietors of numerous commercial enterprises. Companies varying from shops to factories to multinationals are usually of a household. Even just in large public enterprises the main stockholders are people of merely one family. Certain partners are ‘sleeping partners’, meaning they purchase a firm and obtain a set earnings for his or her investment or share from the profits. Other product say within the running and managing from the business.

Today the business world is witnessing a radical vary from traditional business partners who have been mostly family or buddies. The web is basically accountable for heralding within this change. Nowadays business partners is known more as commercial enterprises joining together to grow their business objectives. A vintage illustration of this kind of business partner venture are available when Dell agreed with Apple to simply install their processors within their computers.

Nowadays, small business ventures seek partners to promote their goods. All partner contracts are time based and legalized. As the web has introduced more competition among companies, numerous business proprietors have registered with worldwide partners to grow their business.

Today a business partner could be a supplier, a person, a middleman, or perhaps a vendor. Resellers and agents are referred to as business partners. Complimentary vendors are individuals who rely on one another to market their goods, just like a hardware manufacturer along with a software supplier.

The word ‘business partner’ has had on the new dimension as companies have altered. Big and small companies especially individuals who complement one another choose to become partners. Both retain their very own individuality, and simultaneously, make money from one another.

If there’s a business that’s succeeding and wishes to expand its operations, it’ll easily manage to find worldwide partners. Becoming partners could be tricky when two businesses that are located in different countries choose to enter a partnership, because the first hurdle would be to choose which country’s laws and regulations will govern their bond. However, numerous business partners have profited by joining forces and developing a partnership.

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What to Consider About the Price of a Training Room

Apr 15, 2018

For those who are looking to get one of the top training room rental Singapore there are a few things that one must think about when it comes to the price. Make sure that you are asking what is included in the price and how long you would be getting the room for.

Ideally when it comes to the training room you want to get a good amount of time for the price that you are paying. Also, ask if any equipment is going to be included as well in the given costing.

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