Randy Ray Founder - Chief Executive Officer

Cost management allows more efficient use of existing resources in the form of people, materials and machines. Thus, it helps in the development of development and expansion plans.

#holdingcompany #businessminded #businessquotes #businesssuccess  #businessman #businesstip #businessideas #womeninbusiness #businessmarketing #businessconsulting #businesspassion #socialmedia #businessopportunity #businesslife #strategy #businesses #growth #businessmentor #businessmotivation #entrepreneurs #creditrepair #coaching #businessplanning #networking #businessonline #consulting #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #KhalidAlbeshri #pivot

5 Tips for Crowdfunding During the Pandemic - Entrepreneur http://dlvr.it/S13wzd

What were some of the biggest challenges during the construction of the Burj Khalifa?

The construction of the Burj Khalifa, the world's tallest building, faced several challenges:

1. Height: The 828-meter height of the building presented challenges in terms of design and engineering, as well as safety and logistics.

2. Wind: The tower's height and location in a desert environment meant it was exposed to strong winds, which required special design considerations to ensure stability.

3. Soil conditions: The building site was located on soft soil, which required a deep foundation system and piling to provide adequate support.

4. Water scarcity: The building site was in a desert area with limited access to water, making it challenging to provide enough water for concrete mixing and other construction needs.

5. Schedule: The construction of the Burj Khalifa was completed in a relatively short period of time, which required careful planning and coordination to ensure the project stayed on track.

6. Cost: The high cost of materials and labor, as well as the complex construction techniques required for such a tall building, made the construction of the Burj Khalifa a challenging and expensive endeavor.

(The K12 Engineering Education Podcast)

The Silicon Valley Education Foundation (SVEF) is a nonprofit running several programs in K-12 STEM education, including its Computer Science Institute for middle and high school teachers.  Rosemary Kamei is the Chief Development and Innovation Officer of SVEF, and she talks about why SVEF piloted its CS Institute a few years ago and how it has been going through the pandemic.  She talks about how it aims to promote equity in CS education, across the digital divide and accounting for socioeconomics, race, and gender in the Silicon Valley community.

Related to this episode:  

• SVEF: https://www.svefoundation.org/

• SVEF CS Institute: https://www.svefoundation.org/computer-science                        

• California State Board of Education Content Standards for Computer Science Education: https://www.cde.ca.gov/be/st/ss/computerscicontentstds.asp

• Elevate Math at SVEF: https://www.svefoundation.org/elevate-math

• CS for CA: https://csforca.org/

• SVEF Digital Equity: https://www.svefoundation.org/digitalequity

Subscribe and find more podcast information at: http://www.k12engineering.net.  Support Pios Labs with regular donations on Patreon: https://www.patreon.com/pioslabs. You’ll also be supporting projects like the Engineer’s Guide to Improv and Art Games, The Calculator Gator, or Chordinates!  Thanks to our donors and listeners for making the show possible.  The K12 Engineering Education Podcast is a production of Pios Labs: http://www.pioslabs.com.

Paul Jackson - Shut it Elon

Elon Musk is a South African-born American industrial engineer, entrepreneur, who co-founded Paypal and founded aerospace transportation services company SpaceX. He is also one of the early investors in Tesla, an electric car company, and now the Chief Executive Officer of the firm as well.

How To Create A Sourcing Strategy And Save 20% of Total Procurement Cost?

Sourcing & procurement leaders are searching for ways to improve their departments and drive greater business impact. It’s becoming more critical as supply chains grow increasingly complex and organizations are more reliant on suppliers than ever before. In such a world, it is the role of sourcing & procurement to unlock new value from the supply base and protect the organization from future disruption.

Supply chain sourcing and procurement leaders must move beyond short-term cost management to leverage supplier capabilities to their maximum advantage in a structured and segmented fashion

Let us understand the positions of procurement in supply chain

Supply chain

It’s an umbrella covering both purchasing and procurement. But that’s not all - it also covers the logistics and supplier quality.  It’s expected to drive the savings plan and deal with risk mitigation.

Procurement

It’s responsible for finding new suppliers, running various sourcing activities and negotiating terms and conditions. They take part in new saving initiatives and drive.

Some organizations have adopted these sourcing strategies

To proactively understand what drives the requirements of the business as opposed to simply facilitating the buying process.

Driving suppliers to innovate through supplier innovation efforts, demonstrating the value of this supply chain sourcing     strategy, etc.

Protecting the business from risk by formulating a formal and broadly-applied strategy for assessing risk. These assessments have nearly 25 percent greater procurement ROI than those without them

How Paragon results can help?

We work with our clients to help reduce their cost base, strengthen their supplier base, and create a world-class procurement plan

Our procurement practitioners bring extensive industry, category and operational experience, which has been garnered from around the globe

We have a broad set of approaches that can be tailored to your specific sourcing needs.

Our procurement methodologies are underpinned by extensive training of your team, ensuring benefits are sustained long term

A combination of formal training on-the-job coaching that drives     improved performance and ensures current and future sourcing savings are fully delivered and sustained.

We use major strategic sourcing with a focus on – business awareness, existing supply chain management, supplier relations and cost structure and competitive marketing analysis

Creating a sourcing strategy typically saves about 20% of total procurement cost while mitigating supply risks. Contact us to know more.

Hiring A Real Estate Assistant (How To Tips & Insights with Your Real Es…

How to use TOPSIS method for making decisions

- Define the Decision Problem: Clearly define the decision problem and identify the criteria that will be used to evaluate the alternatives.

- Identify Alternatives: List the alternatives that you want to evaluate in the decision-making process.

- Assign Weights to Criteria: Assign weights to each criterion based on their relative importance in the decision-making process. Ensure that the weights sum up to

- Collect Data and Construct Decision Matrix: Collect data for each alternative with respect to each criterion. Construct a decision matrix where rows represent alternatives, and columns represent criteria.

- Normalize the Decision Matrix: Normalize the decision matrix by dividing each element by the square root of the sum of the squares of the elements in the corresponding column.

- Weight the Normalized Decision Matrix: Multiply each element in the normalized decision matrix by its corresponding weight to get the weighted normalized decision matrix.

- Determine the Ideal and Anti-Ideal Solutions: Identify the ideal and anti-ideal solutions for each criterion. For benefit criteria, the ideal solution is the maximum value, and the anti-ideal solution is the minimum value. For cost criteria, it's the opposite.

- Calculate Separation Measures: Calculate the Euclidean distance between each alternative and both the ideal and anti-ideal solutions. This results in two separation measures: one from the ideal solution and one from the anti-ideal solution.

- Calculate Relative Closeness: Determine the relative closeness for each alternative by calculating the ratio of the separation from the anti-ideal solution to the sum of the separations from both the ideal and anti-ideal solutions.

- Rank the Alternatives: Rank the alternatives based on their relative closeness values. The alternative with the highest relative closeness is considered the most preferred.

- Make the Decision: The alternative with the highest rank is the recommended choice.

#KhalidAlbeshri #Holdingcompany #CEO #Realestate #gulfcountries #contentmarketing #businessmanagement #businessconsultants #خالدالبشري

Successful employees do what they say they will do. How to maintain a company's employees' discipline?

#Holdingcompany #businessminded #businessquotes #businesssuccess  #businessman #businesstip #businessideas #womeninbusiness #businessmarketing #businessconsulting #businesspassion #socialmedia #businessopportunity #businesslife #strategy #businesses #growth #businessmentor #businessmotivation #entrepreneurs #creditrepair #coaching #businessplanning #networking #businessonline #consulting #contentmarketing #businessmanagement #businessconsultants #businessstartup #marketingtips #KhalidAlbeshri #pivot