Tag Archives: development

Why Choose Lanistar Over Starling Bank And Wise For Your Finance Management?

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Given the monumental developments that are being carried out in the technological sector, finance management has become way easier than one can imagine.

The Importance of Finance Management and Health

Everyone has a set of personal financial goals and commitments which alters the kind of route one must take in building and investing their finances. The commitments may vary from the repayment of debt to taking care of an individual that is financially dependent on you.

Regardless of the intensity of one’s financial commitments, one must be rather mindful of the way one spends and saves. Managing your finances personally also builds financial literacy which makes you cognisant of niche financial concepts. Other than managing your finances, it helps in avoiding any risk that you may fall into upon association with a bank or a scheme. It also helps in building monetary immunity which might even help you in surviving comfortably for some time when you don’t necessarily earn disposable income.

Hence, finance management becomes increasingly important for students or people who are switching careers to figure out their true passion. Some of the basic tips to manage your finances well would be to create a budget and stay committed to it. Use the option of a savings account to put money aside for your additional needs. It is also important to build an emergency account for contingencies. Invest your money safely and only invest as much as you can afford to lose.

Moreover, the development of fintech has made the management of personal finances such a no-brainer that everyone is opting for platforms and apps that aim at building their user’s financial health.

Role of Fintech in Finance Management

The world of fintech goes way beyond blockchain development and cryptocurrencies. Although it may be interesting to note how investing in digital assets such as crypto, NFTs, and DAO projects can build a financially sound portfolio. Many investors have reported cases of monumental profits after investing in crypto. The crypto ecosystem is very compatible with the new generation and could be an ideal investment space if navigated wisely.

Moreover, the fintech space is seeing the development of platforms such as Lanistar, Monzo, Wise, Starling Bankt, etc that is making finance management a cakewalk for the general user base. These apps come with constant reminders and updates that make you look back at your expenditure and register it better while planning future spending. Some platforms help you monitor all your bank accounts and finances from a single platform which helps you streamline your assets better.

Check out Lanistar For Financial Convenience

Lanistar is a social media-powered fintech platform that is revolutionising the area of personal finance management. It offers a polymorphic payment card that can hold up to eight different cards. With the help of this card, users can organise their finances through one point of contact. The card offers features such as 3DS and one-time pin codes that ensure financial security for the users.

The company works actively with influencers and has been vouched for by big names such as the Brazilian football player Richarlison amongst others. The Lanistar app is available for download from App Store and Google Play alike.

Read more at Why Choose Lanistar Over Starling Bank And Wise For Your Finance Management?

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Seven Supply Chain Processes To Stop Doing In The Pandemic

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Seven Supply Chain Processes To Stop Doing In The Pandemic

Seven Supply Chain Processes To Stop Doing In The Pandemic

I remember standing in the temperature screening queue in Doha. As the line wound around multiple stations, my backpack cut into my shoulders. I was tired and cranky as I read the overview of MERS. As an United States resident, I was blissfully unaware of this virus and worried about catching my flight to Singapore. My ignorance of a potential pandemic was low.

Changing My Mental Model

The Middle East Respiratory Syndrome (MERS), first reported in Saudi Arabia in 2012, didn’t make headline news. Likewise, I watched the coverage of SARS, H1N1, and Ebola from my TV screen. As the COVID-19 saga unfolded, this was my mental model. My first articles dealt with the virus as a Chinese localized phenomenon. My jaw dropped when a friend became ill in Dallas in January from a visit to Dubai. I never conceived that it would become my reality.

Start Doing

In my prior articles, I have written extensively on the need for outside-in demand sensing processes based on market consumption data. I have also written about the need for supplier development programs and building robust supply chain capabilities in value networks. (I list these articles at the bottom of this post for reference.)

Stop Doing

What can we stop doing? The first step is to stop traditional demand planning processes based on conventional order pattern modeling. (This is the ouput of the conventional Advanced Planning models.) The modeling of historic order patterns is worthless through the pandemic. Why? The sales order pattern is no longer a predictor of future demand. Instead, invest in market sensing and the use of market consumption data. Attempt to read market shifts as they happen and drive a response.

Wrap-up

In closing, let me leave you with some thoughts. The pandemic is the result of a novel virus. Today, we have more that is unknown than known. What we stop doing will give us resources to focus on managing the supply chain in these uncertain times. Let me know your thoughts, and good luck.

Read more at Seven Supply Chain Processes To Stop Doing In The Pandemic

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Walmart Canada partners with FourKites for supply chain analytics

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The Canadian branch of Walmart has agreed a new partnership with FourKites for the development and furthering of the company’s supply chain visibility and predictive analytics capabilities.

Walmart Canada will use FourKites supply chain platform to track the real time location and predictive shipment times across its Canadian operations that span over 400 stores a number of distributions centers within the region.

Walmart staff will be able to use FourKites’ mobile app to track these, leveraging the company’s GPS-connected assets.

“Walmart Canada’s partnership with FourKites reflects our deep commitment to delivering an outstanding customer experience,” said John Bayliss, senior vice president, logistics & supply chain.

“We will use FourKites’ predictive tracking technology to know precisely when shipments will arrive at our distribution centers and at our stores, so we can ensure that customers find the products they’re looking for so they can save money and live better.”

The implementation of this technology will allow Walmart Canada to better optimize its operations, including staffing levels, assignments and minimizing truck waiting times.

Read more at Walmart Canada partners with FourKites for supply chain analytics

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How a pharmaceutical supply chain company is taking advantage of the Internet of Things

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In 2014, during a routine check from the Ministry of Health in the U.S., it was found that only 55 percent of vaccines were stored and transported in the temperature conditions that ensured the medication maintained its quality. To put that into perspective, every baby born receives vaccines to prevent diseases such as small pox and measles. If only 55 percent of those vaccinations maintain safety requirements, that creates a situation where a majority of babies don’t get the quality dosage and medication they need to protect them from diseases.

To overcome this challenge, organizations are turning to technology. More specifically, the Internet of Things (IoT) is making it possible to ensure the safer transportation and delivery of medications. Dutch pharmaceutical services company, AntTail, is paving the way for building innovative IoT applications that more effectively track the conditions of medications while in transit.

The team at AntTail built an IoT application using the Mendix low-code application development platform. The application collects sensor data from medication shipments to provide information on temperature, as well as send push notifications to patients with reminders on when to take the medication.

One of the barriers for creating IoT apps is the requirement of many disparate technologies. AntTail uses a central router as a hub for all of the sensors, collecting the data when there is a connection and storing the data when there is no connection to ensure that no data is lost. The Router uses Vodafone’s Managed IoT Connectivity Platform as a way to connect to AWS, and has a Java service running that puts the data into Hadoop.

Read more at How a pharmaceutical supply chain company is taking advantage of the Internet of Things

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BROWZ Launches New Software Platform for Improved Supply Chain Management

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Speaking to a full house at the BROWZ Client Summit 2016 Sundance Resort, V.P. of Product Development, Aaron Rudd stated “BROWZ OneView is a significant development in the evolution of supply chain management software that will not only meet our clients needs today, but will meet their supply chain needs as they expand in the future.”

BROWZ OneView is an entirely new interface and user experience for BROWZ clients.

“Our goal was to enhance the way our clients interact with our solutions and their supply chain. From conducting a simple supplier search to in-depth analysis across a global supply chain. BROWZ is empowering our clients with the new OneView platform,” Rudd said.

“The software provides meaningful insight into the entire supply chain using key performance indicators which also provides the flexibility to analyze the performance of individual locations or specified risk level with the click of a button.”

Read more at BROWZ Launches New Software Platform for Improved Supply Chain Management

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2017 Parcel Express Roundtable: Paying for peak performance

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It can be hard to believe that very much happens in a year, but that theory is put to the test when it comes to the parcel express market.

In fact, over the past 12 months we’ve seen major changes in pricing from the parcel duopoly of FedEx and UPS; the accelerated emergence of regional parcel players; and don’t forget we’re all watching the increasing power and reach of e-commerce giant Amazon as it grows its own delivery capabilities globally.

These developments require parcel shippers to do whatever it takes to stay on top of their parcel game from both a financial and operational perspective. To help them along, Logistics Management has gathered Jerry Hempstead, president of Hempstead Consulting, a parcel advisory firm; David Ross, transportation and logistics director at investment firm Stifel; and Rob Martinez, president and CEO at Shipware, an audit and parcel consulting services company.

Over the next few pages, our experts offer their insight into what’s driving parcel market trends and offers some practical advice for how shippers need to re-adjust to ever-changing market conditions.

Logistics Management (LM): How would you describe today’s parcel marketplace?

Jerry Hempstead: All of the parcel carriers are doing well in volume and earnings—even the USPS is making money if you back out the Congressional mandates. And it’s clear that e-commerce is driving the volumes. To top it off, service levels this year are at record levels and are predictable and consistent.

My observation is that there’s no statistical difference between the service performance offered by FedEx and UPS across a year’s worth of activity, although FedEx offers a faster delivery on ground to about 25% more city pairs than UPS. This pressure on speeding up the promise and refining the networks to make the magic happen will only improve the consumer experience in parcel services.

Read more at 2017 Parcel Express Roundtable: Paying for peak performance

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Fairtrade Foundation assesses female participation in international supply chains

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As the world prepares to celebrate International Women’s Day this Sunday (8 March), Equal Harvest, a new study published by the Fairtrade Foundation, states that enabling more women to join the organisations that grow produce such as bananas, cotton and tea, could benefit businesses and support global development, as well as bringing gains for women.

Although women make up almost half the agricultural workforce in developing countries, they account for just 22 percent of the farmers registered as members of the 1,210 small producer organisations that are certified by Fairtrade.

Legal, social and cultural norms often act as barriers to women’s participation, for example, membership of co-operatives can be dependent on owning land or crops, some agricultural work may be deemed inappropriate for women, and women may be expected to undertake most of the domestic work in the home, giving them less time to participate in producer groups.

Although the Fairtrade Premium is often invested in projects that benefit women, such as access to childcare or training to help them diversify their income, Fairtrade says that increasing the participation of women farmers could boost productivity, improve development outcomes for communities and provide opportunities to launch new products such as the ‘Grown By Women’ range marketed by Equal Exchange.

A female banana producer in the Dominican Republic said that enabling women to become members of producer organisations is important because “it gives women the right to vote, to participate in decision making, to receive benefits and to live with dignity.” A male cotton producer in India said that women should be supported to take up leadership positions because “women are more disciplined and organised and will run these institutions better, whereas men fight amongst themselves and let egos come in the way.”

Read more at Fairtrade Foundation assesses female participation in international supply chains

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