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Proposal of an outsourcing model for purchasing activities

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Proposal of an outsourcing model for purchasing activities

International competition, constant innovation, and increased price pressures make companies look for new ways to increase profitability and competitiveness. These strong limitations help outsourcing to be a strategy. At the forefront in the United States and later in Europe not only But will reduce costs But also to create value by focusing on the company’s resources in important business activities While outsourcing of additional activities (Such as cooking, cleaning, safety, etc.) is a classic. Those involved in tasks such as IT, telecommunications, finance, transportation and procurement are new and expanding faster.

Previously it was used as a simple tool to reduce costs with financial and short-term vision. Outsourcing is a management tool that exists for managers today. If used correctly, this can lead to drastic changes in business processes, costs, and culture. On the other hand, if the device is not part of the true strategy reflection, it will not be able to operate in a planned and consistent manner, unless it is a matter of clear communication and intelligence, and if not specifically supported will Bad effect

In reviewing literature, we propose in the first part to present the characteristics and risks of employment . In the second part, we cover specific areas: employment, procurement, activities. From simple assignments to strategic procurement and / or purchasing processes that have the least added value, we will examine a variety of outsourcing formats such as strategic outsourcing and outsourcing operations.  The third part presents the results of a qualitative study from 6 case studies. All observations lead us to propose a survey Offshore outsourcing models of However this procurement .

1 – Outsourcing: definitions and risks

The word outsourcing has many definitions. The word outsourcing in English is the latest version. It was first used by the American Computer Press in the late eighties to describe the new trend of large companies moving IT services to external service providers. It also makes different French translations depending on the context: outsourcing options, outsourcing

Sometimes the term outsourcing is used. This is a new doctrine created by P.Y Barrere (1988) in the 1970s in order to have a wide range of features to call collaboration among suppliers, customers. This author has demonstrated the importance of long-term partnership and trusting relationships as compared to maximizing short-term personal interests.

7 Graver (1999) provides a more accurate definition: the transfer and outsourcing of internal business activities that are duplicates of the business are the power to make decisions relating to external service providers under the terms specified in the contract. In practice, activities are often transferred only But there are still factors of production, including resources that lead to repeated activity awareness: personnel, equipment installation, technology … and decision-making rights, which is the responsibility to make decisions about the transferred activities. This definition illustrates the complexity of the phenomena and risks inherent in the transfer of personnel and decision-making power. But didn’t say anything about the outsourcing company Broward and Morgan (2007) fulfilled the requirements with the following qualifications:

  • Use and use of third-party resources, assets, and skills
  • Measurement standards, requirements and value / cost ratio ratios of guaranteed quality and flexibility
  • The purpose of the service is provided within the organization.
  • By transferring existing employees to service providers;
  • And / or changes or restores business processes and technology that are the basis of the business

2 – Context of outsourcing purchase

This section addresses procurement, challenges, limitations, and implementation contexts. The outsourcing purchase involves outsourcing all or part of the company’s procurement activities to a specialist service provider (Salz, 1989). This method is especially good for non-product purchases. (Telecommunication, transportation and logistics, marketing and investment communication, MRO, etc.) that are not suitable for the main business

Manufacturing purchases account for approximately 20% of all purchases, and sometimes 80% of the total number of suppliers. The lack of connectivity from diversity and production means they are often overlooked and therefore are a source of significant potential benefits.

The outsourcing of the purchase is mainly related to non-manufacturing purchases that are difficult to collect internally. In general, the purchase of “Class C” (low-cost and non-recurring strategic purchases) creates significant administrative expenses. Outsourcing does not involve partial and complete purchase functions. The purpose in this case is to reduce operating costs, get profit from the purchase. But gives buyers free time so they can focus on the buying process or value-added activities. Outsourcing also helps reduce the number of relevant strategic service providers

3 – Awareness of quality education

3.1 – Methods

interviews (face-to-face) were conducted in 2007 with all or part of experienced buyers / directors in order to perform theoretical analysis of outsourcing buying and to identify key concepts identified with ground-based reality. From suppliers that specialize in outsourcing of purchases, including hiring to buy Class C

These interviews provide an opportunity to highlight and understand the underlying motivation for purchasing decisions, analyze the systems implemented within the project framework, and identify the factors that contribute to operational failure or success.

This empirical study is based on qualitative methods in areas that are not intended to provide a comprehensive view of the practice in terms of outsourcing, not the model used. But helps us to focus on important points.

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MeatSpady: An artist by the people and for the people

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MeatSpady: An artist by the people and for the people

We make a living by what we get but, we make a life by what we give. Only a life lived for others is a life worthwhile. There is no denying the fact that people who keep the passion of serving the community by giving back are the true leaders and beacons of hope. One such community servant and philanthropist is MeatSpady. A musician by occupation; by nature, a care giver to others. MeatSpady is the owner of the clothing brand, The Beautiful Letdown Store. Through his brand he has been consistently involved with his community by providing those less fortunate with food and free t-shirts bearing The Beautiful Letdown logo. The brand also offers two scholarships and two grants for qualifying families in the city of Philadelphia.

MeatSpady is a hip-hop artist, born and raised in North Philadelphia, whose deep real-life lyrics speaks to the very people he serves in his community. The Beautiful Letdown Store is an online store where the customers can buy a vast variety of quality apparel for a low price. The products range from t-shirts, hoodies, sweaters, sweatpants, sea moss and more. The brand came about after the 2018 release of The Beautiful Letdown mixtape. The project reflected MeatSpady taking full accountability for who he is as a human being. When the brand was created the objective was to convey the concept of having acceptance of self. Something he considers to be the highest form of self-love.

Through his brand, MeatSpady is striving to become a staple in his community. Leading by example he makes monthly visits into the community to provide food and clothing to the people, sponsoring the For The Love Basketball events throughout the city of Philadelphia and finding various  ways to give back to others.

The brand plans to offer two scholarships to Philadelphia high school graduates this year, as well as two grants to families who deal with the everyday effects of the health issues that their children are faced with. The Beautiful Letdown Store is always looking to sponsor events in the community that can help bring positive change to the people in it. “This is my way of giving back to my community until I can do so on a larger scale” says MeatSpady. When asked about the significance of the variety of colorways the brand offers, he stated “We believe everybody has a story and every story has a color. What color is your story?.

Being a musician and operating a brand to help the community is really an inspiring and appreciable action of MeatSpady. He is determined to continue to impact the lives of others as time progresses. With the continued support of his listener, fans, and customers the future is bright for MeatSpady and all his endeavors.

meatspady.com

https://www.thebeautifulletdownstore.com/

Instagram.com/meatspady

Facebook.com/imeatspady

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How to Set up a Cardano Node?

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How to Set up a Cardano Node?

The constant evolution of the blockchain has made it a more mainstream technology. Such improvement contributes to its rapid market growth. Blockchain technology came along with Bitcoin in 2008, the first-generation blockchain that can facilitate only cryptocurrency transactions. Later, when Ethereum (second-generation blockchain) entered the blockchain space, it set a new definition of how blockchain technology can power enterprise-grade solutions and eliminate the need for third-party authentications.

Amidst the blockchain advancement and the advent of new protocols, scalability continued to create challenges for the first and second-generation blockchain users. Besides, lack of interoperability is another reason that disrupts the global utilization of diverse blockchain use cases. Blockchain experts realized the potential adverse impact of these short flaws, and thus we had the third generation blockchain, Cardano, in 2017. This article will explore Cardano, its diverse use cases and discover how to set up Cardano node. So, let’s start.

What is Cardano?

Cardano is a third-generation proof-of-stake blockchain platform designed to be open-source and decentralized. It addresses the challenges of first and second-generation blockchains. In addition, it eliminates the flaws of POS (proof-of-work) consensus mechanism such as high transaction cost, slow transaction processing, high energy consumption, etc.

Due to its open-source nature, the platform offers a range of Cardano development opportunities for worldwide developers. One can easily participate in the Cardano ecosystem and contribute to its sustainability by developing innovative solutions like a Stake pool, smart contracts, Cardano exchanges, and even a unique ecosystem.

What is a Cardano node, and how it works?

A node is the core component of the Cardano ecosystem that underpins the whole network. Ultimately, every blockchain network consists of various interconnected nodes to validate transactions and blocks via a consensus mechanism. Specifically, in Cardano, users are required to run Cardano node if they wish to join the platform and contribute to the open-source project.

So, how does a Cardano node work?

A Cardano node is a service node that imparts complete transparency across the network by validating how the pool interacts inside the network. The nodes further hold and manage the combined stake in a single entity.

Other core responsibilities:

Production of blocks

Cardano produces independently verifiable blocks across a peer-to-peer protocol through a robust block-producing system. It further adds security layers to decide which blocks should be added to extend the chain.

Validation of transactions

Nodes validate the transaction by appointing slot leaders who determine if the sender has enough funds to meet transaction parameters. Once confirmed, the slot leaders record data and assume it as an active block after the complete verification process.

How to set up a Cardano node?

We will discuss the step-by-step process of setting up the Cardano node from the source node and running the node into multiple operating systems.

For that, you need the following component setup for node installation:

  • The latest operating system- Windows, Linux, or macOS.
  • Dual-core CPU with 8GB RAM and 10GB disk space.

For Linux

Step1: Install operating system dependencies on the Linux system.

Step:2: Install GHC and Cabal using ghcup.

Step3: Download and compile a working directory to store source code and builds.

Step4: Configure the build option.

Step5: Build up and install the node.

For macOS Operating system

Here, we will explain the download, compilation, and installation process for the node.

Step1: Install operating system (OS) dependencies for MacOS.

Step2: Install homebrew packages.

The rest of the steps are the same as the node installation in Windows operating system (from step 3 to step 5).

For Windows operating system

Node installation for Windows is the same as macOS and Linux, but you need WSL (windows subsystem for Linx) that changes the windows environment into Linux.

Conclusion

With a highly mutative nature and the ability to embrace modern technologies, Cardano has brought significant change to the blockchain and its real-world implementations. Such overwhelming popularity has also empowered Cardano-based development & deployment services since this protocol supports scalable, interoperable, and sustainable enterprise-wide solutions at a reasonable cost.

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Get ready!Beijing 2022

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Get ready!Beijing 2022

The 2022 Winter Olympics, officially the XXIV Olympic Winter Games and commonly known as Beijing 2022 are an upcoming international winter multi-sport event scheduled to take place from 4 to 20 February 2022 in Beijing and venues near neighboring towns of Yanqing and Chongli in the People’s Republic of China.

Beijing was elected as host city in July 2015 at the 128th IOC Session in Kuala Lumpur. The 2022 Winter Olympics will be the first Winter Olympics in China, the last of three consecutive Olympics to be held in East Asia (after the 2018 Winter Olympics in Pyeongchang, South Korea, and the 2020 Summer Olympics in Tokyo, Japan), and the second overall Olympics to be held in China, after the 2008 Summer Olympics also in Beijing. For the first time, the Winter Olympics will be hosted by a city that previously hosted the Summer Olympics; Four existing indoor venues that were originally constructed for the 2008 Games, as well as the Beijing National Stadium (venues of the opening and closing ceremonies), will be used.

The 2022 Winter Olympics are scheduled to include a record 109 events over 15 disciplines in seven sports. This represented an increase of seven events from 2018. The men’s and women’s big air freestyle, women’s monobob, mixed team competitions in freestyle skiing aerials, ski jumping, and snowboard cross, and the mixed relay in short track speed skating were the new events added by the International Olympic Committee in July 2018.

Beijing, the city of double Olympics, has witnessed the development of China, and it also represents the traditions of the East. Let’s look forward to what kind of splendor this Winter Olympics will bring or the new trend that will lead the development of the world. The Chinese culture is broad and profound and will shape the spirit of solidarity of a community with a shared future for mankind together with the Olympic spirit. It is expected that the Beijing Olympics will bring about world peace and development and share a beautiful vision for the future.

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