Season 10. Point S

May 21, 2022 Leave a comment

Season 10. Point S


Interesting and rare moments of everyday life of people in the South.


Season 1. Bonus.

City Insight

Belarus: Bobovichi, Kamianiuki, Kamyanyets, Zhlobin

Russia: Dmitrov, Istra, Ivolginsk, Kaluga, Korolev, Kubinka, Monino, Sholokhovo, Tula, Ulan-Ude, Volokolamsk, Zvyozdny gorodok


Event Insight

Auto: BMW Fest 2022, Green Cars Day 2022, Motorsport Expo 2022

Military: V-Day Parade 2022

Politics: Independence day 2022

Sport: Baku 2022 Formula 1 Azerbaijan Grand Prix, Moscow 2022 Russian Drag Racing Championship, Stayki 2022 Belarus Drift Championship


Place Insight

Heritage: Gobustan

Wildlife: Yanardag


Season 3. Bonus.

City Insight

United Arab Emirates: Ajman


Season 4. Bonus.

City Insight

Sri Lanka: Ambalangoda, Anuradhapura, Colombo, Dambulla, Ella, Kandy, Nuwara Eliya, Sigiriya


Event Insight

Politics: Aragalaya 2022


Place Insight

Heritage: Sigiriya fortress

National Parks: Yala

Plants: Damro Tea


Season 7. Bonus.

City Insight

Tanzania: Arusha, Dar es Salaam, Karatu, Moshi, Zanzibar


Place Insight

National Parks: Kilimanjaro, Ngorongoro, Tarangire


Categories: Tourism Tags:

Personal exhibition “City trip(p)er. 10 years of the real world as it is”

October 5, 2021 Leave a comment

Personal_exh_mPersonal exhibitionCity trip(p)er. 10 years of the real world as it is”


1 World, 65 Countries, 252 Cities, 38 Events, 34 Places, 1000+ Photos

This personal exhibition contains the most interesting photos of city infrastructure solutions, weird and funny moments of life and people relationship.

Smile and evolve yourself. It’s all about it.

The full exhibition is here.



I have always believed that you need to live your life consciously.

If you can do this, at the end of your life it will not hurt you that you didn’t have time to do something.

And everyone must find their own answer to the question of how to do it.

My logical sequence is

  • determine what areas your life consists of
  • analyze each area
  • set goals in each area to achieve them in the future
  • spend your resources on achieving these goals

In case of changing life views, you can re-conduct this analysis.

And for me one of my top goals is traveling.


When planning my travels, I chose the way to visit a specific region and explore all the planned places and events.

My way to find such places and events is by analyzing the following lists

  • Wonders of the World
  • Natural Wonders of the World
  • UNESCO World Heritage
  • Sights of the region
  • Map of the region
  • Megacities in the region
  • World events in the region


The rules for a successful travel are

  • check visa requirements
  • book accommodation and transfers
  • buy insurance
  • prepare copies of all documents on your smartphone and the Internet
  • prepare cash and bank cards
  • prepare photo equipment
  • check the type of electrical outlets in the region
  • have travel apps on your smartphone
  • clean up the Feng Shui area in the house, which is responsible for traveling 😉

Top 20 photos

20. The capitalist approach is: to be the most inventive in your profession – seems to be the most successful

19. Pedestrian

18. Instead of washing glasses

17. Gorgeous

16. DiscipLine. German version

15. Simple Phila

14. Anything for the content. American version

13. Simple SanFran

12. Free people

11. Cause and effect. Serbian version

10. Daily work

9. Will we have enough of ours?

8. Blessed fishing

7. Simple Vienna

6. Simple Newark

5. British family

4. The question and the answer

3. Simple Kiev

2. American naughtiness

1. Love is the brightest human feeling that guides you and gives you the purpose of your life

Categories: exhibition Tags:

Season 9. Point N

August 1, 2021 Leave a comment

Season 9. Point N


Interesting and rare moments of everyday life of people in the North.


Season 1. Bonus.

City Insight

Belarus: Logoysk, Naroch, Silichy

Russia: Alexandrov, Bogolyubovo, Irkutsk, Ivanovo, Kazan, Khuzhir, Kindasovo, Kolomna, Kostroma, Listvyanka, Lyaskelya, Olonets, Pereslavl-Zalessky, Petrozavodsk, Rostov, Sortavala, Staraya Sloboda, Slyudyanka, Suzdal, Sviyazhsk, Veliky Novgorod, Vladimir, Volgograd, Yaroslavl, Yoshkar-Ola, Zhukovskiy


Event Insight

Aero: MAKS 2021

Sport: Euro 2020


Place Insight

Heritage: Kizhi, Valaam

Wildlife: Baikal, Ruskeala, Shkhery


Season 2. Bonus.

City Insight

Albania: Berat, Durres, Fier, Fushe-Kruje, Golem, Kruja, Lushnje, Pojan, Tirana

Macedonia: Ohrid


Place Insight

Heritage: Apollonia


Season 3. Bonus.

City Insight

Egypt: Dahab, Nuweibaa, Sharm El-Sheikh

Turkey: Alanya, Konaklı, Manavgat, Side

United Arab Emirates: Dibba Al Fujairah


Place Insight

Wildlife: Cappadocia

Stats: Countries 2 (65), Cities 47 (252), Events 2 (38), Places 7 (34)

Categories: Tourism

Журнал “Тендер”

October 26, 2020 Leave a comment

Журнал “Тендер”

№ 40 (1005)


Статья “Смарт-тендер – наше будущее?″ (продолжение)

В статье представлен механизм проведения тендера с использованием технологии блокчейн.


Журнал “Тендер”

October 19, 2020 Leave a comment


Журнал “Тендер”

№ 39 (1004)


Статья “Смарт-тендер – наше будущее?″

В статье представлен механизм проведения тендера с использованием технологии блокчейн.



Solidity Project: Tender Voting

October 18, 2020 Leave a comment

Project: Tender Voting


Blockchain ecosystem: Ethereum

Programming Language: Solidity

Technologies: Ganache, Truffle, Metamask, Git

Github: here

Description: The application allows members of the tender committee to vote for the winner when evaluating participants. Such voting is open and immutable.


Solidity Project: Improvement Stage

October 17, 2020 Leave a comment


Project: Improvement Stage


Blockchain ecosystem: Ethereum

Programming Language: Solidity

Technologies: Ganache, Truffle, Metamask, Git

Github: here


Description: Smart contract allows you to initiate Improvement Stage of the tender on the Blockchain network and submit improved commercial proposals.

Smart Contract

Smart Contract 02



Solidity Project: Submitting Initial Commercial Offers

October 16, 2020 Leave a comment

01-01Project: Submitting Initial Commercial Offers


Blockchain ecosystem: Ethereum

Programming Language: Solidity

Technologies: Ganache, Truffle, Metamask, Git

Github: here


Description: Smart contract allows you to initiate a tender on the Blockchain network and submit initial commercial proposals.

Smart Contract

Smart Contract 01



Solidity Project: Registration For The Tender

October 15, 2020 1 comment

Project: Registration For The Tender


Blockchain ecosystem: Ethereum

Programming Language: Solidity

Technologies: Ganache, Truffle, Metamask, Git

Github: here

Description: The application allows you to register all companies to participate in the specified tender. Such registration is open and immutable. Then the specialist of the tender can eliminate the participants who did not send commercial offers.

Results Platform

March 16, 2020 Leave a comment


via Platform


Online Educational Course “Solidity Path: Beginner to Intermediate Smart Contracts”

The content of the modules:


  • Making the Zombie Factory
  • Zombies Attack Their Victims
  • Advanced Solidity Concepts
  • Zombie Battle System
  • ERC721 & Crypto-Collectibles
  • App Front-ends & Web3.js


Categories: Online Courses Tags: Platform

March 4, 2020 Leave a comment


via Platform


Online Educational Course “Developing Ethereum Smart Contracts for Beginners“

The content of the modules:

1. What are Smart Contracts and Decentralized Apps?

2. Variables and Types

3. Creating a Web UI for our Smart Contract

4. Solidity Events

5. Function Modifiers

6. Mappings and Structs

7. Inheritance & Deployment

8. Finishing the Web3 UI


Categories: Online Courses Tags:

Coursera: University at Buffalo

March 4, 2020 Leave a comment

University at Buffalo

via Platform


Online Educational Course “Smart Contracts“

This second course of the Blockchain specialization will help you design, code, deploy and execute a smart contract – the computational element of the blockchain technology.

Smart contracts allow for implementing user-defined operations of arbitrary complexity that are not possible through plain cryptocurrency protocols. They allow users to implement conditions, rules and policies of the domain applications. Smart contracts are a powerful feature that, when properly designed and coded, can result in autonomous, efficient and transparent systems.

You will design and program smart contracts in Solidity language, test and deploy them in the Remix development environment, and invoke them from a simple web interface that Remix provides.

This course features best practices for designing solutions with smart contracts using Solidity and Remix IDE. Main concepts are delivered through videos, demos and hands-on exercises.


WEEK 1. Smart Contract Basics

The purpose of this module is to introduce the reasons for a smart contract and its critical role in transforming blockchain technology from enabling decentralized systems. We will explore the structure and basic concepts of a smart contract through examples, and illustrate Remix ( web IDE for deploying and interacting with a smart contract.

WEEK 2. Solidity

Our goal is to master the basics of Solidity, a high-level language that is a combination of Javascript, Java and C++. It is specially designed to write smart contracts and to target the Ethereum Virtual Machine. Learners will be able to follow demonstrations and practice using Solidity.

WEEK 3. Putting it all Together

This module focuses on the development of the Ballot smart contract incrementally to illustrate various features including time dependencies, validation outside the function code using access modifiers, asserts and require declarations, and event logging.

WEEK 4. Best Practices

This module will focus on best practices including evaluating whether a blockchain-based solution is suitable for your problem, designing Solidity smart contracts, and those relating to Remix IDE.

Categories: Online Courses Tags: Platform

March 3, 2020 Leave a comment


via Platform


Online Educational Course “Learn Solidity with Space Doggo: an Interactive Solidity Tutorial”

The content of the modules:

  • Contracts
  • Variables
  • Arithmetics
  • Structs
  • Mappings
  • Using Structs
  • Using Mappings
  • Hashes and Typecasting


Categories: Online Courses Tags: Platform

March 1, 2020 Leave a comment


via Platform


Online Educational Course “Ethereum Smart Contract 101”

The content of the modules:

  • Welcome to Ethereum Smart Contract 101
  • What is Ethereum and Smart Contract?
  • Getting an Ethereum account and some Ethers
  • Writing your first contract
  • Deploying your contract
  • Interact with contracts












Categories: Online Courses Tags:

Season 8. Terra Down Under

January 1, 2020 Leave a comment


Categories: Tourism

Season 7. Black Ho(l/p)e

December 12, 2019 Leave a comment

Season 7. Black Ho(l/p)e


Interesting and rare moments of everyday life of people in Africa will be skipped this time until Africa realizes its potential.

City Insight

Tunisia: El Jem, Hammamet, Sidi Bou Said, Sousse, Tunis, Yasmine Hammamet


Place Insight

Heritage: Carthage


Season 1. Bonus.

City Insight

Armenia: Yerevan

Azerbaijan: Baku

Belarus: Rechytsa

Georgia: Tbilisi

Kazakhstan: Almaty

Moldova: Bender, Chisinau, Tiraspol

Russia: Sergiyev Posad

Transnistria: Bender, Tiraspol

Uzbekistan: Samarkand, Tashkent


Event Insight

Military: V-Day Parade 2019

Show: Leningrad 2019, Mumiy Troll 2019, Nights Snipers 2019

Sport: Minsk 2019 2nd European Games, Sochi 2019 Formula 1 Russian Grand Prix


Season 2. Bonus.

City Insight

Portugal: Porto


Season 4. Bonus.

City Insight

Mongolia: Ulan Bator


Event Insight

Sport: China 2019 FIBA Basketball World Cup


Stats: Countries 9 (63), Cities 21 (205), Events 7 (36), Places 1 (27)


Categories: Tourism

Белорусский национальный технический университет

February 22, 2019 Leave a comment

Белорусский национальный технический университет, филиал БНТУ «Институт повышения квалификации и переподготовки кадров по новым направлениям развития техники, технологии и экономики БНТУ», образовательный центр “Юниверсум”

Минск, Беларусь,

Курс повышения квалификации “Организация и проведение закупок товаров (работ, услуг) в соответствии с законодательством РБ”

Цель курса повышения квалификации – подготовка слушателей к практической работе в сфере проведения закупок, систематизация ранее полученных знаний и закрепление уже имеющихся навыков в части правил проведения закупок в соответствии с действующим законодательством Республики Беларусь.

Особенности курса:

Курс повышения квалификации относится к образовательной программе дополнительного образования взрослых и согласован с Министерством антимонопольного регулирования и торговли (уполномоченным государственным органом по государственным закупкам) в соответствии с ст. 14 п. 2 Закона Республики Беларусь от 17 июля 2018 г. № 136-З О внесении изменений и дополнений в Закон Республики Беларусь «О государственных закупках товаров (работ, услуг)».


Season 6. Amerigo Jr.

August 10, 2018 Leave a comment

Season 6. Amerigo Jr.


Interesting and rare moments of everyday life of people in America South.

City Insight

Argentina: Buenos Aires, Cordoba

Brazil: Rio de JaneiroSao Paulo

Peru: Aguas Calientes, Cusco, Lima, Ollantaytambo


Event Insight

Carnivals: Rio de Janeiro 2019


Place Insight

Heritage: Machu Picchu


Season 1. Bonus.

City Insight

RussiaNizhny Novgorod, Pskov


Event Insight

Sport: Russia 2018 FIFA World Cup


Season 2. Bonus.

City Insight

Germany: Fussen, Hohenschwangau, IngolstadtMunichNuremberg

Italy: Bologna, Calambrone, Florence, Genoa, Lucca, Maranello, Marina di Pisa, Modena, Monza, Pisa, Pistoia, Rimini, Sant’Agata Bolognese, Treviso, Turin, Viareggio

San Marino: San Marino

Switzerland: Geneva, Lausanne


Event Insight

Aero: ILA Berlin Air Show 2018

Auto: Geneva International Motor Show 2018, Paris Motor Show 2018

Politics: Yellow Vests 2018

Sport: Monza 2018 Formula 1 Italian Grand Prix


Stats: Countries 4 (54), Cities 34 (184), Events 7 (29), Places 1 (26)

Categories: Tourism Platform

August 5, 2018 Leave a comment

Smartly Institute

via Platform


Online Educational Course “Marketing Fundamentals”


Averages, Quartiles, and the Five Number Summary

Descriptive statistics: A way to quickly summarize data within a set using just a few numbers.
Mean: The average of a set calculated by adding all the values in the set and dividing by the number of values in the set.
Outlier: A value or values significantly higher or lower than the rest of the set that can skew the mean of a set.
Median: The middle value in a data set.
Mode: The value that appears most often in the set.
When a set has two modes it is called bimodal. When it has more than two modes, it is multimodal.
Standard deviation: A measurement of the amount of variation from the mean in a data set.
For example, if a data set has a mean of 50 units and a standard deviation of 20 units, we can conclude that most of the data will fall between 30 and 70 units.
Five number summary: The minimum, first quartile, median, third quartile, and maximum of a data set.
Each quartile represents 25% of the data within a set.
The first and third quartiles can be found by identifying the medians of the lower and upper halves of the data.
Range: The distance between the maximum and minimum.
Interquartile range (IQR): The distance between the third and first quartiles.

Graphical Organization

Boxplot: A graph representing the five number summary.
The boxed area represents the IQR with the median at the center.
Frequency distribution: A table that sorts data into equally-sized classes.
Frequency: The amount of data points that fall into each class.
Cumulative frequency: The running total of the frequencies.
Relative frequency: The frequency divided by the total number of data points.
Cumulative relative frequency: The running total of the relative frequencies.
Histogram: A frequency distribution shown in graph form.

Certificate Platform

August 4, 2018 Leave a comment

Smartly Institute

via Platform


Online Educational Course “Marketing Fundamentals”


Marketing Basics

Marketing: The process of creating, communicating, and delivering perceived value to customers.
Value: The practical and emotional benefits that the buyer of a product gets from it. Each benefit stems from a specific feature of the product.
Perceived value is the value that people believe they will receive from a product.
A product can be a tangible good, such as a pair of shoes, a service (e.g., a doctor’s check-up), or intellectual property (e.g., song lyrics).
Marketing strategy: A plan of what to sell, whom to sell it to, and how to sell it that is focused on long-term profit, rather than shortterm gains.

Conducting a Situation Analysis

Situation analysis: An evaluation of a company’s resources and capabilities, its competitors, and general market demand. A situation analysis consists of two tasks:
1. Examining the four C’s: company, competitors, customers, and collaborators.
2. Interpreting the information gathered in the four C’s within the framework of a SWOT analysis, which describes the company’s strengths, weaknesses, opportunities, and threats.

Segmentation, Targeting, and Positioning

Segmentation, targeting, and positioning (STP): A process used to tailor marketing efforts to relevant audiences and thus ultimately maximize revenue.
Segmentation divides consumers into distinct groups, or segments, based on homogeneity in certain attributes, distinction in these attributes from customers in other segments, and a similar reaction to marketing messages.
Targeting is the process of selecting which segment(s) of consumers to focus marketing efforts on—i.e., the target audience.
Positioning defines how a company wants its product to be perceived by consumers it markets to, relative to competing products.

Value Propositions

The value proposition (VP) is:
1. The benefits that a product provides to the target audience.
2. A statement describing these benefits.
Unique selling proposition (USP): A type of value proposition statement that communicates the essence of what makes a product unique to the target audience.

The Four P’s

The four P’s—product, price, place, and promotion—constitute the marketing mix that a company must consider in order to create a marketing strategy. These four factors are under the company’s control: the company decides what product to offer, what price to charge for it, where to place it for sale, and how to promote it. The marketing mix needs to be adjusted over the course of the product life cycle as the types of customers who buy the product and the quantity of demand change.
Positioning statement: A statement describing the core benefits that a product offers, used internally to guide product messaging.

Certificate Platform

August 3, 2018 Leave a comment

Smartly Institute

via Platform


Online Educational Course “Microeconomics 1: Supply and Demand”


Introducing Microeconomics

Microeconomics: The study of how individuals, households, and firms make decisions about using limited resources.
Economic resources include:
Human resources: Workers and managers.
Nonhuman resources: Land, technology, minerals, oil, etc.
Microeconomists assume that people and firms are rational and seek to maximize benefits.
Trade-offs: Choosing one thing requires giving up another.
Scarcity: The existence of limited resources.
When an individual or group makes a decision, their opportunity cost is equal to the value of the foregone option(s).
Economic units: People, households, and firms.
Marginal benefits: Small, incremental benefits.

Supply and Demand

The law of demand: When the price of a good increases, demand for it decreases, and vice versa.
Demand schedule: Lists the quantity demanded of a product or service at various prices.
Market demand schedule: A demand schedule that encompasses the entire market’s demand for a good or service at various price points.
Demand curve (DC): Plots the quantity of a good or service demanded at different prices.
Market demand curve: Shows the market demand schedule.
When demand curves shift:
to the left—market demand has decreased.
to the right—market demand has increased.
Market price: The price at which a good or service is offered in the marketplace.
Law of supply: When the market price for a good increases, the quantity that suppliers produce and sell increases, and vice versa.
Supply schedule: Lists the quantity of a product supplied at various price points.
Supply curve (SC): Plots the supply schedule.
Market supply: The summation of all of the individual supplies of a good or service.
Market supply curve: Shows how the total quantity supplied of a good changes as its price changes.
When supply curves shift:
to the left—market supply has decreased.
to the right—market supply has increased.

Factors Contributing to Equilibrium

Equilibrium: When the amount of goods supplied is equal to the quantity demanded.
Equilibrium price: The price where equilibrium occurs ($9 on the chart).
Equilibrium quantity: The quantity where equilibrium occurs (400 on the chart).
Equilibrium point (EP): The point at which the equilibrium price is equal to the equilibrium quantity.
Price acts as a motivator:
When there is a low price for goods or services, consumers buy more and sellers supply less.
When there is a high price for goods or services, consumers buy less and sellers supply more.
Law of supply and demand: The price of any good will naturally adjust until market equilibrium is reached.
Supply > demand: There is a surplus. Prices will drop until equilibrium is met.
Demand > supply: There is a shortage. Prices will rise until equilibrium is met.
Supply = demand: The market has reached equilibrium.
To recognize events that alter equilibrium:
1. Identify a shift in the DC and/or the SC.
2. Determine if the curve(s) shift left or right.
3. Use a graph to see how the shifts change the EP.

Certificate Platform

August 2, 2018 Leave a comment

Smartly Institute

via Platform


Online Educational Course “Accounting 1: Fundamentals”


Introducing the Balance Sheet

All companies must follow a set of rules that standardizes the reporting and recording of their financial data.
While US companies follow Generally Accepted Accounting Principles (GAAP), companies in most other countries follow the International Financial Reporting Standards (IFRS). The balance sheet gives a glimpse into the health and composition of a business.
Double-entry bookkeeping: A transaction requires at least two entries to keep the balance sheet balanced.
Dual-aspect concept: If there is a change in the total amount of assets, there needs to be a resulting change in liabilities, equity, or both.
Money-measurement concept: Only items expressed as monetary amounts can go on a balance sheet.
Entity: A business, company, or organization.
Entity concept: A business’ finances are separate from its owner’s finances.
Going-concern concept: Accounting assumes that an entity will operate indefinitely.

Assets, Liabilities, and Equity

Assets: Items owned and controlled by an entity, valuable to the entity, and acquired at a measurable cost.
Current assets are assets expected to be converted into cash or used up by the business within one year.
Accounts Receivable: Where a company records credit purchases by its customers. The company expects these customers to pay them in cash in the near future.
Inventory: Goods an entity intends to sell.
Prepaid Expenses: Monies paid in advance for pending expenses—for example, paying rent in advance. Noncurrent assets will not be used up or converted into cash for at least one year.
Property, Plant and Equipment (PP&E): Tangible assets that depreciate, or lose value, over time due to wear and tear.
Creditor: Anyone who lends money or extends credit.
Liabilities: Debts owed to outside entities (creditors) in return for borrowed goods, services, or monies.
Current Liabilities: Obligations that will be paid within one year.
Long-Term Liabilities: Obligations that won’t be paid until at least a year has passed.
Bank Loans (Bank Loan Payable) can be recorded under both current and long-term liabilities.
Accounts Payable: Obligatory monies owed by an entity for goods and services. The opposite of Accounts Receivable.
Estimated Tax Liability: The estimated amount of what will be due in taxes per year.
Equity: Money (capital) either supplied by equity investors or collected in the form of an entity’s retained earnings.
Paid-In Capital: Money supplied by investors.
Retained Earnings: Income generated by an entity’s successful operations that is reinvested in the entity.
Proprietorship: An entity with one sole owner and investor.

Account Types

T-accounts: Charts used to record increases and decreases of individual accounts found on the balance sheet.
Debits: Represent an increase in an asset but a decrease in a liability or equity.
Credits: Represent a decrease in an asset but an increase in a liabilty or equity.
Asset accounts will normally have debit balances. Liability & Equity accounts will normally have credit balances.
Two special equity accounts are Revenues and Expenses. Revenues are increases in equity and usually have a credit balance. Expenses are decreases in equity and usually have a debit balance. Revenues are debited and credited like other equity accounts, but Expenses are debited and credited like asset accounts.

Accounting Transactions

Income Statements are used to calculate net income.
Net Income: The difference between total revenues and total expenses.

Net Income = Total Revenues — Total Expenses

Balance Sheets record one point in history and show a company’s financial position. Income Statements measure a company’s financial performance over a period of time.
General Journal: The chronological record of every transaction. A journal uses the same rules as a T-account.
General Ledger: The collection of all T-accounts.
Revenues and Expenses are temporary accounts. At the end of a period they are closed out and their balances are transferred to the income statement. Other asset, liability, and equity accounts are permanent accounts. They are not closed out, and their balances are transferred to the balance sheet.

Certificate Platform

August 1, 2018 Leave a comment

Smartly Institute

via Platform


Online Educational Course “Finance: Time Value of Money”


Present Value and Future Value

Time value of money: Money in the present is worth more than the same amount of money in the future.
Present value: The value of a sum of money today. Present value calculations move money backwards in time.
Future value: The value of a sum of money at a specific time in the future. Future value calculations move money forwards in time.

The Timeline

Timeline: A tool used for visualizing a time value of money scenario. The periods of a timeline must always be equal.
Inflows of cash are positive numbers and outflows of cash are negative numbers.

Compounding and Discounting

Compounding is the process used to move money forward in time:
Increases the value of a sum of money
Involves multiplication
Calculates future value

Discounting is the process used to move money backward in time:
Decreases the value of a sum of money
Involves division
Calculates present value

Net Present Value

Net present value (NPV): The difference between the present value of all benefits and present value of all costs of a particular investment.
Benefits are represented by cash inflows (positive).
Costs are represented by cash outflows (negative).
Net present value is represented by this equation:

NPV = PV(benefits) – PV(costs)

A positive NPV (inflows > outflows) is an indication that a firm should invest in a project.

Moving Money Over Time

To compare or combine cash flows, they must be moved forward or backward to the same point in time.


Coursera: Georgia Institute of Technology

June 10, 2018 Leave a comment

Georgia Institute of Technology

via Platform


Online Educational Course “Supply Chain Principles“

This course will provide a solid understanding of what a supply chain is all about. The course:

– Provides an introduction to Supply Chain

– Leverages graphics to promote the Integrated Supply Chain model

– Emphasizes understanding the Extended Supply Chain

– Presents a holistic approach – Incorporating People, Process, and Technology

– Calls-out industry-specific supply chain

– Leverages discussions, videos, quizzes, and questions for consideration

– Provides awareness of career path opportunities

– Presents emerging and futuristic trends in supply chain and given that at GT we are focused on developing what’s next in the world, we include Discussion of emerging and futuristic trends in supply chain.

There is very little math involved in this course – so don’t worry at all about your math skills.

The course incorporates reading materials that were developed as part of a $24.5M TAACCCT grant awarded by the U.S. Department of Labor’s Employment and Training Administration to the LINCS in Supply Chain Management consortium.

This course is designed for a wide range of learners including:

– Individuals working in a supply chain domain interested in improving their knowledge of supply chain

– Individuals curious about pursuing a career in supply chain

– Students working or studying in an adjacent business field

– Seasoned professionals who may be moving to a new area of supply chain

– Hobbyists – seeking to learn more about the world around them

World Bank Academy

June 9, 2018 Leave a comment

World Bank Academy


Online Educational Course “e-Procurement Learning”

This e-Learning course is designed to provide participants with an in-depth understanding of the concept of public procurement and e-Government Procurement (e-GP) and how e-Procurement solutions can be designed and implemented in a more effective and economical way. This course outlines how to prepare a strategy for establishing an e-GP framework and presents in detail basic and advanced tools of e-Procurement systems. Moreover, it describes the need for the establishment and use of public procurement indicators, as well as how public financial management can be strengthened through the incorporation of procurement and e-Procurement into PFM reform projects.

Course overview

E-Government procurement (e-GP) projects are often part of the wider e-government efforts of countries to efficiently and effectively serve their citizens and businesses. E-GP promotes better governance in public procurement by increasing transparency and eliminating opportunities for fraud and corruption. The application of ICT to procurement processes has resulted in e-Procurement platforms that are ideally suited to address the e-GP objectives.

Pursuing an e-Procurement system implementation is an effective way to improve public procurement management, through the automation of all underlying processes. Many governments worldwide have adopted end-to-end e-Procurement systems which cover the full procurement cycle.

The current e-Learning course is composed of five modules, aiming to assist its audience to better understand electronic procurement and provide them with guidance on decisions they may need to take for establishing or improving the e-GP framework of their countries.

The course initially focuses on how organizations can establish a plan for an e-GP implementation, and what benefits can be expected by such an implementation project. Furthermore it provides an overview of the basic and advanced features and modules of e-Procurement systems, along with concise information on how to implement each of the described e-Procurement modules.

Additionally, the course briefly describes e-Procurement indicators and presents how these can be used by governments in order to measure adoption, performance and overall governance. Lastly, it focuses on how to incorporate procurement and e-procurement into FMIS implementations in the context of PFM reform projects.

At the end of this course, a certification can be obtained by those participants who complete the course and successfully pass the respective examination.

Course features

The course is composed of the following modules:

  • e-Procurement Preparation
  • e-Procurement Basics
  • Advanced e-Procurement
  • e-Procurement Indicators
  • Incorporating e-Procurement into Public Financial Management (PFM) reforms

Target audience

This e-Learning course is designed for the clients of the World Bank (stakeholders of public sector organizations) who wish to strengthen their knowledge on the e-GP concept. Learners can get an in-depth view on how to pursue a successful e-GP implementation and e-Procurement system features in order to effectively cover the whole public procurement cycle.

The learners should at least have an understanding of the national public procurement setting and the EU public procurement procedures as well as a high-level view of web-based applications and software implementation projects.






Ministry of Business, Innovation and Employment, NZ

June 5, 2018 Leave a comment

Ministry of Business, Innovation and Employment, NZ


Online Educational Course “Demystifying Procurement”

Demystifying Procurement is an introductory online course that gives you tools and techniques to help you with your procurement.

This introductory course is especially useful for:

  • non-procurement specialists with responsibility for managing or undertaking procurement or with a general interest in procurement
  • anyone new to a procurement-related role
  • procurement specialists wanting to update themselves on best practice.

Course outline

This free introductory training course covers the eight stages of the procurement life-cycle in four short modules.

By the end of the course you should have an understanding of:

  • specifying and eliciting business requirements
  • market analysis tools and techniques
  • developing a procurement plan
  • selecting the right procurement approach
  • approaching the supply market
  • evaluating and selecting suppliers that deliver the greatest value for money
  • negotiating and contracting
  • managing and reviewing supplier relationships
  • what to do when things go wrong in the relationship.

There are four self-paced modules with interactive graphics and tables, links to procurement tools and guidance on this website and practice questions at the end of each section.

Module 1: Plan (part 1)

Module 1 covers the project initiation, needs and market analysis sections of the planning phase. The module will take you through identifying and understanding key stakeholders and their needs, putting together a project team, probity considerations and understanding the supply market.

Module 1 should take about 30 minutes to complete.

Module 2: Plan (part 2)

Module 2 covers the specification of requirements and planning approach to market sections of the planning phase. The module will take you through key considerations when specifying your requirements, determining which approach to market strategy is right for the procurement, evaluation methodology, what should go into the procurement plan and starting to think about the contract construct.

Module 2 should take about 30 minutes to complete.

Module 3: Source

Module 3 covers the sourcing phase of the procurement life-cycle, including approach to market; supplier selection and contract negotiation and award. The module will take you through what needs to go into your RFx documentation, publishing a notice of procurement, convening the evaluation panel and evaluating responses, negotiation theory, contract arrangements and debriefing unsuccessful respondents.

Module 3 should take about 50 minutes to complete.

Module 4: Manage

Module 4 covers the manage phase of the procurement life-cycle, including managing the contract and relationships and reviewing procurement outcomes. The module will take you through the three key elements of contract and relationship management, the relationship spectrum, dispute resolution considerations and the review cycle.

Module 4 should take about 25 minutes to complete.

Alison Platform

June 3, 2018 Leave a comment


via Platform


Online Educational Course “Forecasting – Winter’s Models, Goodness of forecast, Aggregate Planning, Tabular Method”

by G. Srinivasan

Learn how aggregate planning is used in many businesses to match supply and demand of output over the medium time range of up to approximately 12 months in the future by studying the course Applied Operations Management – Aggregate Planning.

Aggregate planning allows management to quantify materials and other resources that are to be procured so that the total cost of operations are kept to the minimum over a set period of time. The course begins by introducing the concept of aggregate planning and its use in medium term planning in businesses. You will be introduced to aggregate planning methodologies such as the tabular method and linear programming.

You will learn how a tabular approach uses spreadsheets and the values of different variables, such as production by regular workforce and inventory levels can be calculated by using the costs associated with production, overtime, subcontracting, hiring, inventory and back-orders. The tabular method is widely used because it is easy to understand and utilize. However, the generated solution may not be optimal and many trials and errors may be needed to find the optimal solution. The course also introduces the linear programming technique and a special type of linear programming known as the Transportation Model, which can be used to obtain aggregate plans that would allow balanced capacity and demand and the minimization of costs.

This course will be of great interest to all professionals working in the areas operations management or general management who would like to learn more about aggregate planning and the methods used in this important area of operations management. The course will also be of interest to all learners who are interested in operations management as a future career.

The key points from this module are:

Forecasting can be defined as the estimate of future demand.

Aggregate planning is carried out once information about future demand is obtained from forecasting.

A poor Aggregate Plan can result in the following:
– Lost sales and profits if unable to meet demand
– A large amount of excess inventory and capacity which increases costs

The question ‘What should the production capacity be such that the total production cost is minimized?’ is known as the aggregate planning problem.

The following costs are used to calculate the minimum production capacity production cost:
– Regular Time cost
– Overtime cost
– Inventory cost
– Shortage cost

The formula for Total Capacity is:
Total Capacity = Regular Time Capacity + Overtime Capacity

Regular time production is assumed to be less costlier than overtime production. Back order cost can be defined as the cost of back ordering per unit per month. Increasing or decreasing the number of production employees does not affect the regular time production capacity.

Linear Programming

R(t) – Regular Time production used in time t
O(t) – Overtime production used in time t
D(t) – Demand during time t
S(t) – Shortage at the end of period t
U(t) – Under utilization in period t
H(t) – Number of people hired in period t
W(t) – Number of people working in period t
L(t) – Number of people laid off in period t

In the linear programming formulation ‘I(t)’ (the inventory at the end of the previous period) has to be defined as a unrestricted variable which can take positive value or a negative value. Linear programming is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear relationships. In aggregate planning the planning horizon is often divided into Periods. The physical resources of the company are assumed to be fixed during the planning horizon of interest.

The following help a company cope with demand fluctuations:

– Changing the size of the work force by hiring and firing.
– Varying the production rate by introducing overtime.
– Accumulating seasonal inventories.
– Planning backorders.

The following costs are relevant to aggregate production planning:
– Basic production costs
– Costs associated with changes in the production rate
– Inventory related costs

In aggregate production planning the following are examples of basic production costs
– Material costs
– Direct labor costs
– Overhead costs

In aggregate production planning the following are costs associated with changes in the production rate:
– Hiring costs
– Training costs
– Laying off personnel costs

In the Aggregate Planning Problem the following are examples of constraints:
– Limits on overtime
– Limits on layoffs
– Limits on capital available
– Limits on stockouts and backlogs




Alison Platform

June 3, 2018 Leave a comment


via Platform


Online Educational Course “Inventory Models – Costs, EOQ Model”

by G. Srinivasan

Inventory Management – Using Inventory Models is the fourth in the Applied Operations Management series of courses. Inventory models help businesses answer the questions: How much material to order? When to order the material? They help firms determine the order quantity that minimizes the total inventory holding costs and ordering costs, as well as the frequency of ordering, to keep goods or services flowing to the customer without interruption or delay.

The course begins by introducing the basics of inventory management and introduces concepts such as deterministic demand and probabilistic demand, type of costs such as cost of item, order cost, and holding or carrying cost. Several models are available to help determine how much inventory should be brought in to restock the products or parts, and you will be introduced to inventory models such as the single period inventory model, the multi-period inventory model and the economic order quantity (EOQ) model. These models are explained in detail using worked examples.

This course will be of great interest to professionals working in the area of inventory management, procurement and operations management and who would like to learn more about using inventory models. The course will also be of interest to learners who are interested in a career in procurement or operations management.

The key points from this module are:

Economic order quantity (EOQ) model is the order quantity that minimizes the total inventory holding costs and ordering costs.

Several extensions can be made to the EOQ model developed by Mr. Pankaj Mane, including backordering costs and multiple items.

The EOQ model solves the “how much” and “when” aspects of ordering inventory. When inventory reaches the zero point, you order just enough to replenish your stock back to its original level.

You repeat this cycle throughout the year, never having to decide when to order or how much to order.

The EOQ model assumes that demand remains steady throughout the year and that inventory gets used at a fixed rate. If those assumptions hold true, you can order at the same time each month or quarter.

However, if demand fluctuates, you may run out of inventory sooner than you anticipate. You also may have to order more than you usually do to meet higher demand, or lower the order to adjust to declining demand.

The EOQ will sometimes change as a result of quantity discounts, which are provided by some suppliers as an incentive for customers to place larger orders.


Alison Platform

June 3, 2018 Leave a comment


via Platform


Online Educational Course “Supply Chain Risk”

by N. Viswanadham

The course Understanding Supply Chain Risk Management (SCRM) introduces the learner to the multitude of risks that threaten the operation of supply chains at national and global levels. A previous course – Understanding Supply Chain Ecosystems – looked at Supply Chain Ecosystems and supply risk involves adverse and unexpected changes to any elements of a supply chain ecosystem.

The aim of SCRM is to reduce supply chain vulnerability by identifying and managing risks within the supply chain and external to it. The course gives examples of resource uncertainties, characteristics of Wicked problems, and describes the elements of a cyber attack. It also lists the six strategies to reduce overall risk exposure.

This course will be of great interest to all professionals who work in the areas of operations management, logistics, procurement and information technology, and to all learners who are interested in developing a career in the area of supply chain management.





Alison Platform

June 3, 2018 Leave a comment


via Platform


Online Educational Course “The Supply Chain Eco-System Framework”

by N. Viswanadham

Supply Chain Ecosystems are made up of a network of organizations, people, activities, information, and resources all of which are involved in moving a product or service from supplier to customer.

The course begins by describing how modern supply chains have evolved into complex international networks, which can no longer be adequately described using the linear concept of a ‘chain’. The course then reviews how modern supply chain ecosystems now comprise of a network of companies, countries and their governments, social and political organisations, natural, industrial (clusters), financial and human resources, delivery infrastructure including logistics and IT, and knowledge of the industrial environment. You will learn how within these ecosystems, each configuration is unique to the particular enterprise that owns that supply chain.

This course will be of great interest to all professionals who work in the areas of operations management, logistics, procurement and information technology, and to all learners who are interested in developing a career in the area of supply chain management.

The key points from this module are:

The Ecosystem Model: A framework to visualize all Operational, Strategic, Management and Execution issues.

Ecosystems comprise of a network of:
Companies, countries and their governments, Social and political organisations
Natural, Industrial (clusters) and Financial and Human resources
Delivery infrastructure including logistics and IT
Connections, and knowledge of the industrial environment.
All interacting together with the landscape and climate (economic and industrial).

Supply chain ecosystems consist of:
Delivery Services infrastructure
Supply Chain

Customs, Export and Other Govt. Regulators
Quality Control and Environmental issues
Social, Financial and Trade issues

Infrastructure, Sea ports, Airports, Roads
Industry clusters
Human, Financial and Natural resources and labor unions

Delivery Services infrastructure:
Logistics and IT companies
Transport – Rail, Air, Ship, Road
Logistics parks, SEZs, Freight corridors

Supply Chain:
Retail chains
SuppliersDrivers of Supply Chain Competitiveness

Resources: Labour, Materials and Energy
Government policies and investments on institutional, environmental and infrastructural elements
Delivery mechanisms: Logistics and IT

SES Framework can hep to study:

The Five STERM Forces:
Science research
New Technologies
New Engineering materials
Regulations and policies
New Management techniques

Modular Product:
– Made by appropriately combining different modules.
– Provides customers a number of options for each module and thus the product.
– Products differ from each other in terms of the subsets of modules assembled to produce them.

Modular Process:
– Each module undergoes a specified set of operations making it possible to outsource its manufacturing and inventory to them in a semi-finished form.

Part Standardization:
– Common parts are used across many processes
– Products redesigned as necessary

Process Standardization:
– Standardizing as much of the process as possible, making a generic or family product.
– Final product assembly delayed until the customer order is received (i.e. called “postponement”).

Modular Organization Designs

Modularization of product designs paves the way for similar modularization of organization designs facilitting coordination of activities via an “information structure” rather than managerial authority or hierarchy.

The codification of knowledge and standardization (through technical standards and design rules) of the interfaces between organizationally separate stages of production has made vertical specialization (organizational modularity) replace vertical integration.

Types of Resources

Classical economics define:>
– Natural resources
– Human resources
– Financial resources
– Capital assets

Modern view also includes:
– Knowledge, Intellectual property
– Social capital relationships with stake holders
– Management of high value delivery processes
Special Economic Zones (SEZs)

SEZ is a geographical region that has economic laws different from the rest of the country. The goal of SEZs is to attract foreign investments. SEZs have been established in many countries – China, India, Jordan, Poland, Philippines, Russia and North Korea. Indian SEZs are not as effective as those in China probably because they are not as focused.


Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, and associated institutions (universities, training) in a particular vertical.

Clusters allow companies to operate more productively in sourcing inputs; accessing inforamtion, technology and human resources.


Alison Platform

May 29, 2018 Leave a comment


via Platform


Online Educational Course “Global Supply Chain ReDesign”

by N. Viswanadham

It is said that in today’s market, firms don’t compete, supply chains do, and supply chain design can give supply chains a competitive advantage over competing supply chains. The course begins by explaining what supply chain design is, the importance of supply chain design and the design process itself. You will learn how supply chains determine the ability of the businesses included in them to compete, and the design of their supply chains will affect their ability to compete in the marketplace. For example, a business that is attempting to compete in a market where low cost is paramount will have difficulty if it includes high cost suppliers in its supply chain.

This course will be of great interest to all professionals who work in the areas of operations management, logistics, procurement and information technology, and to all learners who are interested in developing a career in the area of supply chain management. Prerequisites: It is recommended that you have studied the courses ‘Introduction To Supply Chain Management – Revised 2018’, and ‘Understanding Supply Chain Ecosystems – Revised 2018’.

The key points from this module are:

Current day supply chain networks are subjected to disruptions and innovations in the ecosystem elements, resources and other factors.

Disruptions can originate from the banks, governments, bankruptcy of the supplier’s suppliers, natural disasters, piracy, cyber attacks, port strikes and other unknown factors.

Innovations in products, manufacturing and delivery processes, business models, government to government relations such as Free Trade Agreements, regulations and deregulations and many more affect the supply chain.

Global Supply Chain design involves two steps:

1) Global supply chain formation
2) Building Governance mechanisms or frameworks for partner selection, coordination and control

Global Supply Chain Formation:
1) Map the supply chain ecosystem for the industry vertical
2) Formulate the supply chain strategy
3) Select possible locations for the factories
4) Identify the supply chain risks
5) List the feasible supply chain configurations

The Governance Function involves:
Partner selection from group of pre-selected suppliers from Supply Chain Formation stage
Coordination – Determining who does what and when and communicating to everyone
Execution – Build a control tower to monitor order status so that processes work as per plan and control exceptional events

Business Model Innovation (BMI) is a reconfiguration of activities in the existing business model of a firm that is new to the product/service market in which the firm competes.

Clusters are geographic concentrations of interconnected companies, specialized suppliers, service providers, and associated institutions present in a region.

The proximity of companies and institutions in one location fosters better coordination and trust lowering the transactions costs, minimizing the inventory, importing costs and delays.

Types of Supplier Asset Specificity
Physical asset specificity refers to the mobile and physical features of assets such as specific dies, molds, and tooling for the manufacture of a contracted product.
Dedicated asset specificity represents discrete and/or additional investment in generalized production capacity in the expectation of making a significant sale of a product to a particular customer.
Human asset specificity arises in a learning-by-doing fashion through long-standing customer-specific operations.
Site asset specificity refers to the successive stages that are immobile and are located in close proximity to one another so as to economize on inventory and transportation.

Global Competitiveness Indicators – Based on which countries are evaluated include:

– National Policies for Openness in Trade and Markets
– Best Practices for International Trade
– Effective Legal and Enforcement Systems
– Infrastructures for a Global Economy
– Financial Services for Cross-Border Commerce
– Human Capital

Risks to supply chain ecosystems include all possible social, political and environmental risks that may affect the ecosystem and the flows of goods, information and finance.

Risks to Supply Chains:
– Outsourcing
– Mergers or acquisitions
– Large scale and a high degree of concentration
– Political and societal risk
– Resource intensive shortages

Transaction costs include:

Observable costs – Transport costs, import duties, customs tariffs and other formal trade barriers
Soft costs – Costs for information gathering, negotiation and monitoring contracts, trust building, networking, risk handling and mitigation, making up for cultural differences and miscommunication, compliance with safety regulations, labor laws etc.

Three characteristics of transactions affect the transaction costs:
– Asset specificity
– Uncertainty
– Frequency

Transaction Cost Economics (TCE) Theory:
When transaction cost are low, use the spot market governance
When transaction costs are high, hierarchy is efficient
Asset Specificity: Supply chain specific assets, Resources, Institutions, Delivery infrastructure.
Environmental uncertainty can come from suppliers, customers, competitors, regulatory agencies, unions or financial markets.

Frequency of interactions between the buyer and supplier is importance for reasons of economies of scale.


Udemy Platform

May 25, 2018 Leave a comment


via Platform



Online Educational Course “Buying or Selling: Negotiating and Contracting”

By Moses Manuel

Creation of formalized agreement is a critical part of business performance and revenue generation. When in business either as Buying or Selling organization Negotiating and Contracting is key and one has no choice but to be good at it. Success in this set will depend on your ability to turn a NO into YES and not just that, negotiate terms that favor YOU. The thing is, with contracts come issues such as conflicts over performance and costs, timing, and quality of supplies, hence the need to negotiate if one is going to achieve the kind of results they expect.This mini course gives a summary of the process and activities you will go through as you do your negotiating and contracting.

Who is the target audience?
  • CIPS students
  • Business persons
  • Procurement / purchasing executive
  • Procurement specialist
  • Contract officer
  • Supply chain / inventory / logistics analyst
  • Supply chain / inventory / logistics planner


  • What is negotiation is all about? Section 1, Lecture 1
  • Strategic and tactical negotiation Section 1, Lecture 2
  • Negotiating in sourcing Section 1, Lecture 3
  • The kind of outcomes to expect in NEGOTIATIONS Section 2, Lecture 4
  • When to walk away Section 2, Lecture 5
  • What makes a contract binding Section 3, Lecture 6
  • Standard terms and Last Document Rule Section 3, Lecture 7
  • Power in Negotiation Section 4, Lecture 8
  • Supplier Preferencing model Section 4, Lecture 9
  • Developing power in negotiation Section 4, Lecture 10


Season 5. U Can C Me here

November 6, 2017 Leave a comment

Season 5. Usa Canada Cuba Mexico here


Interesting and rare moments of everyday life of people in America North.

City Insight

Canada: Montreal, Ottawa, Toronto

Cuba: Havana

Mexico: CancunMexico City, Valladolid

Usa: Boston, BuffaloCambridgeChicago, Cleveland, CupertinoDeabornDetroit, Jersey CityLas Vegas, Los AngelesMiamiMiami BeachMountain View, New York, NewarkNiagara FallsOaklandOrlandoPalo Alto, Philadelphia, Pittsburgh, San Francisco, Santa Monica, Washington


Event Insight

Auto: North American International Auto Show 2018


Place Insight

Heritage: Chichen ItzaTeotihuacan

Wildlife: Grand Canyon, Niagara Falls

Space: Kennedy Space Center


Season 1. Bonus.

Event Insight

Aero: MAKS 2017


Season 2. Bonus.

City Insight

Belgium: Bruges, BrusselsCharleroi

Catalan Republic: Barcelona

Finland: Helsinki

Germany: FrankfurtStuttgart, Wolfsburg

Iceland: Reykjavik

Liechtenstein: SchaanVaduz

Luxembourg: Luxembourg

Portugal: Lisbon

Spain: Madrid

Switzerland: BernBuchsLucerneZurich


Event Insight

Auto: Frankfurt International Motor Show 2017, Brussels Motor Show 2018


Place Insight

Heritage: Neuschwanstein Castle

Wildlife: Alps


Stats: Countries 12 (50), Cities 50 (150), Events 4 (22), Places 7 (25)

Categories: Tourism

2017 Procura+ Awards

October 17, 2017 Leave a comment

2017 Procura+ Awards


Energy Discovery Centre, Tallinn, Estonia

2017 Procura+ Awards on Sustainable and Innovation Procurement with support of ICLEI and European Commission recognise three categories of excellence: Sustainable Procurement of the Year, Innovation Procurement of the Year, and Tender Procedure of the Year.
















Categories: Awards Tags: , , , ,

Conference on Innovation Procurement

October 17, 2017 Leave a comment

Conference on Innovation Procurement


Kosmos IMAX, Tallinn, Estonia

The Conference on Innovation Procurement took place under the Estonian EU presidency on 17th and 18th of October 2017 in Tallinn, Estonia. The Conference also served as the 3rd annual Major eafip Event. The conference programme included:

  • Innovation procurement experiences in Europe
  • EU Member States’ policy and support framework for innovation procurement
  • Economic impact of innovation procurement
  • HORIZON 2020 calls supporting innovation procurements
  • 2017 Procura+ Awards Ceremony on Sustainable and Innovation Procurement

The target audience for the two-day conference was policy makerspublic procurers and innovators. Its aims were capacity buildingexperience sharing and networking about major ICT-related innovation procurement initiatives across Europe and to facilitate networking between stakeholders to discuss new ideas, initiatives and funding opportunities.

The event was co-organised by the Estonian Ministry of Economic Affairs and Communications (MEAC) and the Directorate-General for Communications Networks, Content and Technology (DG CNECT) of the European Commission (EC). The conference was supported by the European Union Regional Development Fund. The 2017 Procura+ Awards were supported by the EU’s Horizon 2020 Programme, and co-ordinated by ICLEI.



Welcoming words:

Urve Palo, Minister of Entrepreneurship and Information Technology, Estonia









Keynote – How to mainstream innovation procurement in Europe?

Gerard de Graaf, Director, Digital Single Market Directorate, DG CNECT, European Commission








Public procurement of innovation – the policy logic behind the strategic use of procurements

Veiko Lember, Senior Research Fellow, Tallinn University of Technology, Estonia











e-solutions in Estonia – living proof of innovation procurements

Andres Kutt, Former advisor, Information System Authority, Estonia











Panel discussion: Innovation procurement as driver for economic growth and address secretol challenges

Moderator: Gaynor Whyles, Director, JERA Consulting Ltd

Helen Kopman, Deputy Head of Unit, Start-ups and Innovation Unit, Digital Single Market Directorate, DG CNECT, European Commission














Andreas Nemec, Managing Director, Federal Procurement Agency BBG, Austria











Evelin Porn-Lee, Tallinn University of Technology, Estonia











Kalev Pihl, CEO, SK ID Solutions, Estonia








Session: Innovation procurement experiences (Examples and analysis of innovation procurements across Europe)

Moderator: Gaynor Whyles, Director at JERA Consulting Ltd

Innovation methods for award procedures of ICT learning in Europe. IMAILE

Ellinor Wallin, IMAILE project manager. Sweden




















Teemu Laitinen. CEO Almerin. Finland











Andrea Contino. AMIGO. Spain




















Sweden’s electric roads for heavy vehicles pre-commerciol procurement

Anders Bylund, Head oi Rail and Road Electrification. Siemens Mobility. Sweden














London underground PROLITE lighting PPI procurement, winner of the PROCURA+ Award Innovation Procurement of the Year 2016

Leon Smith, Manager technology and innovation, Transport for London, UK







































David Bide, Commercial Director, Armadillo-ED — Evolution in Lignting. UK

















Telemedicine for Intensive Care Units procurement, THALEA

Dr. Gernot Marx, Professor ot Anesthesrology and Critical Care Medicine and Chair at the University RWTH Aachen, Germany














Panel discussion: Benchmarking the progress on innovation procurement across Europe: EU member states (Austria, Finland, Estonia, and European Commission) policy and measurement framework for innovation procurement

Moderator; Gaynor Whyies, Director, JERA Consulting Ltd. UK

Eva Buchinger, Policy Advisor. Austrian Institute at Technology. Austria














Ville Valovirta, Senior Screntist, lnnovations, Economy and Policy,VTT Technical Research Centre of Finland. Finland








Paul Jackson, Innovation procurement policy expert, Ministry of Economic Alloirs and Communications. Estonia














Vasileios Tsanidis, Policy Ollicer. DG Communications Networks, Content and Technology. Directorate F Digital Single Market, European Commission






















Академия управления при Президенте Республики Беларусь

October 6, 2017 Leave a comment

Академия управления при Президенте Республики Беларусь, Институт государственной службы

Минск, Беларусь

Курс повышения квалификации “Организация и проведение закупок товаров (работ, услуг) в строительстве и закупок за счет собственных средств”


Бенсман М.В., Амельченя Ю.А., Богатко А.В., Полящук Н.А., Вашкевич И.Ф., Бакиновская О.А.



  • Правовое регулирование обеспечения строительства товарами (работами, услугами)
  • Организационно-правовые аспекты осуществления процедур закупок товаров (работ, услуг) для строительства
  • Закупки за счет собственных средств
  • Контроль за соблюдением законодательства о закупках товаров (работ, услуг) для строительства, закупках за счет собственных средств


New York Consulting Procurement Conference 2017

June 29, 2017 Leave a comment

New York Consulting Procurement Conference 2017


American Management Association Times Square, New York, USA

The New York Consulting Procurement Conference is one-of-its-kind event that allows Executives interested in Procuring Consulting Services to connect with peers and experts of the domain to exchange about challenges, best practices and trends in the Consulting industry.


What is innovation in the Digital Environment? George Hemingway, Partner at Stratalis Consulting

The impact of digital transformation on Organization. Thomas Bertels, Partner at Valeocon Management Consulting

How can traditional banks leverage Fintech practices to compete in a digital world? Bijon Mehta, President at Association of FinTech Professionals

Digital in Manufacturing Industries : Supply chain 2.0 ? What else ? Laurent Thomas, VP Strategy at Solvay Novecare

Digitalizing Procurement : Deja vu ? Rajiv Gupta

How digital is transforming Consulting Services ? David Tang, CEO of Flevy


Международная конференция “Управление корпоративной задолженностью”

February 17, 2017 Leave a comment


Международная конференция “Управление корпоративной задолженностью”

17 февраля 2017

Марриотт Москва Гранд Отель, РФ, Москва, Тверская, 26/1

Данная конференция представляет участникам лучшие практики профилактики и своевременного отслеживания возникновения проблемной задолженности и ведущие практики реструктуризации проблемных долгов, позволяет проанализировать эффективность внутренней службы взыскания долгов vs. коллекторское агентство, а также узнать об эффективных схемах взыскания корпоративной задолженности.


1. Дмитрий Жданухин, президент Ассоциации корпоративного коллекторства

Работа с корпоративными долговыми проблемами: уроки очередного кризиса

2. Сергей Кюрегян, директор по развитию Мосэнергосбыт

Работа с задолженностью по ЖКУ

3. Наталья Петрушина, главный специалист Департамента корпоративных финансов РЖД

Управление оборотным капиталом компании

4. Наталья Дорошенкова, директор КПМГ

Реструктуризация долга: взгляд со стороны компании

5. Евгений Еськин, компания М-Видео

Блокчейн-верификация долга в факторинге

6. Ольга Зимина, начальник службы взыскания долгов СТА Логистик

Эффективные инструменты управления дебиторской задолженностью

7. Людмила Клименко, руководитель по методологии и управлению процессами взыскания дебиторской задолженности клиентов Мегафон

Автоматизация процессов взыскания дебиторской задолженности

8. Анастасия Аминова, менеджер по финансовому контролю AUCHAN

Работа с коллекторскими агенствами

9. Николай Мышковец, начальник отдела казначейства Asstra

Эффективные инструменты взыскания дебиторской задолженности и финансирования кассового разрыва

10. Дмитрий Аверьянов, управляющий процессным офисом Аксиома-Авес

Роботизированное управление проблемными договорами

11. Анна Глазкова, заместитель генерального директра по экономике и финансам ФОРТ

Стратегии досудебного урегулирования просрочки

12. Иван Тактаев, заместитель директора по правовым вопросам НПО Петровакс Фарм

Доказывание факта поставки как основания возникновения задолженности – проблемы судебной практики

13. Конкурс решений корпоративных долговых проблем


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Стартап-школа “Гомель”

February 15, 2017 Leave a comment


Стартап-школа “Гомель”

15 февраля 2017


Вторая встреча в Стартап-школе с получением уникального опыта.


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1. Антон Шалейников “Управление в “Стартапе”

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Стартап-школа “Гомель”

February 8, 2017 Leave a comment


Стартап-школа “Гомель”

08 февраля 2017


Стартап-школа представляет уникальную программу, помогающую будущим успешным людям постороить свой инновационный бизнес в условиях как мировой конкуренции, так и в условиях существующей правовой системы. Стартап-школа будет полезна для вас, если
* Вы мечтаете реализовать креативную бизнес-идею.
* Вы студент и готовы попробовать силы в предпринимательстве.
* Вы программист и желаете заработать деньги на своих решениях.
* Вам надоело работать по найму, и вы планируете запустить стартап.
* Вы хотите сделать бизнес из научного исследования или инновационной разработки.
* Вам нужны бизнес-компетенции для управления проектом или продуктом.
* Вы предприниматель и ищите новые возможности.
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1. Кирилл Волошин “Создайте свою историю успеха”

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2. Неформальное бизнес-обучение

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Season 4. AsiaTown

November 23, 2016 Leave a comment


Season 4. AsiaTown


Interesting and rare moments of everyday life of people in Asia.

City Insight

Cambodia: Siem Reap

China: Beijing, Hong-kong, Shanghai

India: AbhaneriAgraAmerDelhiFatehpur SikriJaipurVrindavan

Japan: Kyoto, OsakaTokyo

Malaysia: Kuala Lumpur

Singapore: Singapore

Thailand: Bangkok, Pattaya

Vietnam: Hanoi


Place Insight

Heritage: Angkor WatGreat Wall of China

Wildlife: Ha Long Bay


Event Insight 

Sport: Pattaya 2016 Muay Thai Ultimate Tournament


Season 1. Bonus.

Event Insight

Auto: Moscow International Automobile Salon 2016

Military: V-Day Parade 2016

Sport: Moscow 2016 IIHF Ice Hockey World Championship


Stats: Countries 8 (38), Cities 19 (100), Events 4 (18), Places 3 (18)


Categories: Tourism

Международная конференция “Финансирование цепочки поставок и факторинг”

October 27, 2016 Leave a comment


Международная конференция “Финансирование цепочки поставок и факторинг”

27 октября 2016

Марриотт Москва Гранд Отель, РФ, Москва, Тверская, 26/1

Данная международная конференция собирает профессионалов в области привлечения финансирования и управления оборотным капиталом компаний для обсуждения целесообразности использования инструментов Supply Chain Finance, а также отвечает на вопросы о том, как повысить финансовую эффективность цепочки поставок, оптимизировать оборотный капитал компании и уменьшить дебиторскую задолженность. 


1. Андрей Мороков, специалист отдела обеспечения производства РУП Белоруснефть

Финансирование цепочки поставок в крупных промышленных компаниях.

2. Анастасия Аминова, менеджер по финансовому контролю AUCHAN

Повышение финансовой эффективности цепочки поставок.

3. Дмитрий Шевченко, исполнительный директор Ассоциации факторинговых компаний

Прогнозы развития рынка факторинга в России

4. Антон Шаев, заместитель финансового директора Альтерпласт

Опыт внедрения факторинга в компании оптовой торговли

5. Мурат Ошроев, управляющий партнер Willance

Обзорное выступление


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Международная конференция “Лизинг 2016”

September 16, 2016 Leave a comment


Международная конференция “Лизинг 2016”

15 – 16 сентября 2016

Отель Яхонты, Подмосковье



Конференция “ЛИЗИНГ 2016” представляет возможность услышать мнение и позицию представителей лидирующих лизинговых компаний, поставщиков и лизингополучателей. Особый акцент мероприятия направлен на построение стратегии развития лизинговой деятельности в среднесрочной перспективе и потребности лизингополучателей.


1. Евгений Царев, директор НП “Лизинговый союз”

2. Олеся Губка, финансовый директор Агромаркет

Риски лизингополучателя

3. Лариса Ефремова, вице-президент Объединенной лизинговой ассоциации

Отраслевой стандарт учета договоров аренды для некредитных организаций и что необходимо знать с вводом нового IFRS 16 “Аренда”

4. Дмитрий Костальгин, управляющий партнер Taxadvisor

Налогооблажение лизинга

5. Михаил Кожарин, главный менеджер по финансированию и инвестициям ОДК-Газовые турбины

Корпоративная практика применения лизинга

6. Анна Глазкова, заместитель генерального директора по экономике и финансам ФОРТ

Лизинг в проектном финансировании









Менталист Николоз Цаава:

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Международная конференция “Управление автопарком 2016”

September 16, 2016 Leave a comment


Международная конференция “Управление автопарком 2016”

15 – 16 сентября 2016

Отель Яхонты, Подмосковье



Конференция «УПРАВЛЕНИЕ АВТОПАРКОМ 2016» – это место встречи профессионалов в сфере управления автопарками. Множество профессионалов и талантливых докладчиков рассказывают о своем опыте, делятся экспертным мнением и обсуждают оптимальные методы управления корпоративным автопарком. Конференция предоставляет возможность обменяться опытом, узнать о новых тенденциях в управлении автотранспортом, обсудить спорные вопросы в регулировании, найти новые уникальные решения для Вашего автопарка и наладить новые контакты.


1. Мария Шарапова, руководитель отдела по административным услугам и корпоративному транспорту Johnson & Johnson

Построение транспортной политики компании

2. Константин Бнатов, управляющий автомобильным парком Pfizer

Денежная компенсация “Car Allowance”. Опыт внедрения.

3. Анна Гудкова, операционный директор ДТПнет

Корпоративные водители: 10 ночных кошмаров начальника автопарка

4. Валерий Дердюк, менеджер по управлению автопарком Danone

Управление штрафами. Решение проблем со сбором данных по штрафам и оплатой

5. Татьяна Арабаджи, директор Russian Automotive Market Research

Анализы и тенденции рынка корпоративных закупок автомобилей

6. Наталья Живкович, руководитель корпоративного отдела Авиньон

Хороший выбор. Что важнее выгода или стратегия.

7. Виктория Тот, главный редактор журнала “Административный директор”

Смена операционной модели владения автопарком как способ оптимизации затрат.

8. Алексей Ширяев, менеджер по транспорту и безопасности по стране Coca-Cola HBC Россия

Оптимальный портфель лизинговых компаний – критерии выбора партнера лизингополучателем

9. Денис Степанов, директор по операционному лизингу ВТБ Лизинг

Формула успешного тендера по операционному лизингу





Международная конференция “Закупки и снабжение в нефтегазовом секторе”

February 19, 2016 Leave a comment


Международная конференция “Закупки и снабжение в нефтегазовом секторе

18 – 19 февраля 2016

Марриотт Москва Гранд Отель, РФ, Москва, Тверская, 26/1


Данная международная конференция знакомит участников с наиболее актуальными практиками и вариантами решения текущих проблем, а также анализирует тенденции на рынке в области организации работы отдела закупок, ценообразования, локализации производства, управления запасами. Ведущие практики и эксперты в данной области представляют лучшие примеры эффективной организации отделов закупок и снабжения, новые стратегии по закупке материально-технических ресурсов и нематериальных сервисов, а также различные варианты оптимизации затрат. Компании-интеграторы рассказывают о наиболее оптимальных платформах для автоматизации процессов закупочной деятельности, для создания более прозрачной системы, а также для быстрой оптимизации расходов на функционирование отделов закупок и снабжения.


1. Михаил Шуляк, начальник управления поставок НОВАТЭК

Организация закупочной деятельности в условиях падения цен на нефть

2. Лилия Каримова, директор по закупкам и логистике Air Liquide

Эффективная модель организации закупок

3. Павел Майор, директор по продажам БТК групп

Сергей Слепов, руководитель направления по работе БТК групп 

Решение задачи импортозамещения в комплексных поставках спецодежды, обуви и СИЗ для работников нефтегазовой отрасли

4. Сергей Моштаков, старший бизнес-консультант BearingPoint

Имитационное моделирование в цепях поставок: от идеи до эффекта

5. Лейсана Хабибуллина, руководитель Торгово-закупочной площадки Татнефть

Электронные торги в системе Торгово-закупочной площадки Татнефть

6. Александр Геллер, исполнительный директор, Электронная торговая площадка ETPRF.RU

Электронная торговая площадка как элемент в работе организации

7. Олег Аралов, начальник управления аккредитации основных видов продукции НИИ Транснефть

Система управления качеством продукции, закупаемой ОАО «АК «Транснефть»

8. Андрей Мороков, специалист отдела обеспечения производства РУП Белоруснефть

Механизмы проведения диагностики системы закупок и снабжения

9. Дмитрий Бражников, партнер РТФ

Доращивание и формирование базы поставщиков малых и средних технологических компаний для целей организаторов закупок

10. Александр Казанский, директор департамента организации тендерных процедур Башнефть

Автоматизация закупочной деятельности

11. Сергей Солотнов, руководитель направления электронных закупок Газпром нефть

Внедрение систем электронного документооборота (СЭД)

12. Сергей Дашков, руководитель рабочей группы Национальной ассоциации институтов закупок
Генеральный директор Энергосервис

Риски заказчика при оценка заявок участников закупочных процедур, проходящих по нормам Закона 223-ФЗ. Привлечение стороннего Организатора закупок

13. Александр Бурков, эксперт Института управления закупками и продажами им. А.Б. Соловьева НИУ ВШЭ

Проблемные аспекты взаимодействия заказчика и поставщика при проведении закупок

14. Александр Аржанкин, заместитель начальника отдела закупок и логистики Air Liquide

Принцип TCO проекта на примере закупки технических газов в баллонах

15. Павел Горячев, заместитель директора департамента МТО Группы ERIELL

Учет запасов и управление запасами

16. Алина Засимович, директор практики консультационных услуг EY

Построение Системы мониторинга для снижения материальных потерь в основных и вспомогательных процессах

17. Алексей Кравцов, председатель Арбитражного третейского суда города Москвы

Споры по договорам поставки – опыт коммерческого арбитража

18. Владимир Савченко, начальник отдела государственных закупок Департамента конкурентной политики и политики в области государственных закупок Евразийской экономической комиссии

Реализация процессов импортозамещения в ЕАЭС


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Season 3. Arabia

December 29, 2015 Leave a comment


Season 3. Arabia


Interesting and rare moments of everyday life of people in the Middle East.

City Insight

Egypt: CairoHurghadaLuxor

Israel: JerusalemNazarethNetanyaTel Aviv

Jordan: AmmanJerashMadaba

Turkey: Ankara, Dalyan, EphesusIstanbulMarmaris

United Arab Emirates: Abu DhabiDubai, Sharjah


Place Insight

Heritage: Hatshepsut’s TempleKarnakPetraPyramids

Wildlife: Dead SeaJordan RiverPamukkale


Season 1. Bonus.

City Insight


Russia: Arkhangelskoye


Event Insight

Military: V-Day Parade 2015


Stats: Countries 5 (30), Cities 20 (81), Events 1 (14), Places 7 (15)

Season 3 map

Categories: Tourism

Celebrating 100 Posts!!!

November 13, 2015 Leave a comment


Celebrating 100 Posts!!!

Anniversary Stat:

  • 4 years
  • 20 000 hits





Categories: Uncategorized

Edx: New York Institute of Finance

November 13, 2015 Leave a comment

NYIF logo

New York Institute of Finance

via Platform



Online Educational Course “Understanding the Federal Reserve “

The course is about the structure and purpose of the Federal Reserve and how its actions impact not just the US economy, and financial institutions, but individual investors and savers alike.

By the end of this course, you will:  

  • Recognize the role and structure of the Federal Reserve (FED).
  • Recognize the role and structure of the Federal Open Market Committee (FOMC).
  • Define interest rate terminology:
    • FED Fund Rate
    • Discount Rate (Window)
    • London Interbank Offered Rate (LIBOR)
  • Identify the economic initiatives undertaken by the FED:
    • Troubled Asset Relief Program (TARP)
    • Quantitative Easing I, II, and III
  • Recognize how the FED controls, owns, and manipulates the short end of the Yield Curve.
  • Get familiarized with the product called Repurchase Agreement (Repo) and Reverse Repo.
  • Recognize the process by which the Federal Reserve facilitates the fine-tuning of cash in the market using Repurchase Agreement (Repo).

Certificate NYIF




Categories: Online Courses Tags: , ,

The Chartered Institute of Procurement & Supply

October 7, 2015 Leave a comment


The Chartered Institute of Procurement & Supply (

Certificate in Procurement and Supply Operations

CIPS Exams Letter.pdf

CIPS Exams Results Letter.pdf

CIPS Level 2 Certificate.pdf

The CIPS Certificate in Procurement and Supply Operations is a vocationally related qualification. It has been accredited by the Office of Qualifications and Examinations Regulator (Ofqual) in the UK and appears on the Register of Regulated Qualifications. Please refer to

CIPS_UCG_CPSO_ProcSuppPrinc_AW#2_v1_Layout 1

Procurement and Supply Principles

Learning Outcomes

1.0 Know the roles of procurement and supply within organisations

1.1 Define the common terms that describe aspects of procurement and supply

  • Definitions of common terms such as procurement, purchasing, buying, supply chain, materials management, distribution, logistics and contract management

1.2 Describe the roles of procurement and supply in organisations

  • The typical proportion of costs accounted for by procurement of goods and services
  • The roles of procurement and supply and procurement professionals
  • Achieving value for money
  • Sustainability in procurement and supply
  • The roles of staff with devolved responsibilities for procurement

1.3 Describe the benefits of effective procurement for organisations

  • How effective procurement impacts on profitability – The profit contribution effect
  • Creating savings and improving efficiency
  • Budgets and budget monitoring
  • How effective procurement helps achieve targets

1.4 Identify the five rights of procurement and supply

  • The five rights of procurement and supply
  • Price/total cost, quality, timing, quantity and place
  • Defining value for money

2.0 Know how products and services are received from suppliers and delivered to customers

2.1 Describe the delivery of products and services that organisations make to customers

  • Defining products and services
  • The customer role
  • Seeing customers as a part of a supply chain

2.2 Describe the delivery of products and services made by external suppliers

  • The need for supplies of products and services from external suppliers
  • Outsourced services
  • Seeing suppliers as apart of a supply chain

3.0 Know the main stages of the sourcing process

3.1 Describe the main stages of a sourcing process

  • Identification of needs
  • Producing specifications
  • Requesting quotations
  • Receiving quotations
  • Assessing suppliers quotations
  • Making contract award recommendations
  • Contract authorisation
  • Order placement, blanket orders/frameworks and call-off orders
  • Performance and delivery
  • Payment of suppliers
  • Expediting deliveries
  • Reviewing outcomes and processes
  • Pre and post award stages of a sourcing process

4.0 Understand what makes up the main components of a supply chain

4.1 Explain the main components of a supply chain

  • Customers and their customers
  • Customers and consumers
  • Suppliers and their use of suppliers
  • Tiers of a supply chain
  • The global aspects of supply chains
  • Examples of supply chains in action

CIPS_UCG_CPSO_ProcSuppFunc_AW#2_v1_Layout 1Procurement and supply functions

Learning Outcomes

1.0 Know the main types of organisations and how they operate

1.1 Identify the main types of organisations

  • Private public and third sector organisations
  • Production and service organisations

1.2 Describe how organisations operate

  • People, objectives and structure in organisations
  • The formal and informal organisation

1.3 Identify the main operating functions with in organisations

  • Differentiation and integration in organisations
  • Typical functions in organisations such as production, operations, marketing and sales, customer support, human resources, personnel, finance, IT, and technical functions
  • Differentiating procurement and supply

2.0 Know the main elements of a procurement and supply function

2.1 Describe the use of mission and vision statements and objectives by a procurement and supply function

  • Objectives of procurement and supply functions
  • Targets for procurement and supply functions
  • Use of mission and vision statements for procurement and supply functions

2.2 Describe the main roles and structures of a procurement and supply function within an organisation

  • Links to organisational goals
  • Competition and regulatory roles
  • Advice and guidance that a procurement and supply function can provide t other functions
  • Procurement and supply as a service function
  • Centralised, devolved and lead buying structures of procurement and supply functions

2.3 Define the main procedures that can be created by a procurement and supply function

  • Delegations of authority and approvals
  • Procedures that apply to running competitions between suppliers
  • Auditing compliance with internal procedures

3.0 Know the main market factors that impact on a procurement and supply function

3.1 Identify the main economic sectors that impact on a procurement and supply function

  • Public, private and not for profit or third sector
  • Primary, secondary and tertiary sectors

3.2 Describe the impact of demand and supply on markets

  • Demand and supply curves
  • How demand and supply factors can change
  • How demand and supply factors can impact on pricing and availability

3.3 Describe how market factors impact on the procurement and supply activities of an organisation

  • The level of competition: perfect competition, imperfect competition, oligopoly, duopoly and monopolies
  • The impact of demand on sales
  • Market growth and decline
  • Competitive forces on organisations

CIPS_UCG_CPSO_ProcSuppProcess_AW#_v1_Layout 1Procurement and supply processes

Learning Outcomes

1.0 Know the main components of contractual agreements

1.1 Describe the main types of contracts

  • Spot purchases
  • Term contracts
  • Framework arrangements/blanket orders/panel contracts and call offs

1.2 Identify the main kinds of pricing arrangements applied in commercial contracts

  • Fixed pricing, lump sum pricing and schedule of rates
  • Cost reimbursable and cost plus arrangements
  • Variable pricing arrangements
  • Target pricing arrangements
  • Risk and reward pricing arrangements

1.3 Describe the different documents that compose a contract for the purchase or supply of goods or services

  • Defining contracts and agreements
  • The use of tendering and quotations
  • The documents that comprise a contract – the specification, key performance indicators (KPIs), contract terms, pricing and use of other schedules
  • Contracts for the supply of goods or services

2.0 Know the main sources of information on suppliers and customers

2.1 Describe the use of the Internet to locate details about suppliers and customers

  • The use of Internet search engines to locate details about suppliers and customers
  • The types of information presented by suppliers and customers on their websites

2.2 Describe the use of credit rating agencies

  • The role of credit rating agencies and credit rating scores
  • Publications on individual organisations and markets
  • The use of credit rating scores

2.3 Describe the use of intranet, extranet and internet sites to publicise information

  • Distinguishing between the intranet, extranet and internet sites
  • Information for help and advice on an intranet site
  • The information for the wider community on company websites

3.0 Know the main types of systems for supplier selection, ordering and payment

3.1 Describe the use of electronic sourcing systems for supplier selection

  • Defining e-sourcing
  • Attracting quotations or tenders through an e-tendering or e-sourcing system
  • The publication of e-notices

3.2 Identify systems used in procurement and supply

  • Systems for purchase ordering
  • Capturing data on expenditures
  • The use of portal sites to locate suppliers or customers
  • Examples of supplier database systems

3.3 Describe P2P (purchase to pay) systems for ordering from suppliers and payment to suppliers

  • The P2P process from the creation of requisitions, to raising requests for quotations or tenders, receipt of quotations or tenders, delivery documentation, invoicing and payment
  • Examples of P2P systems

CIPS_UCG_CPSO_ProcSuppAdmin_AW#2_v1_Layout 1Procurement and supply administration 

Learning Outcomes

1.0 Understand the need for the effective and efficient administration of purchases made with external suppliers

1.1 Define effective and efficient administration

  • Defining administration
  • Reviewing the steps taken to forming agreements made with suppliers
  • Defining effectiveness and efficiency

1.2 Explain the administration of the pre contract stages of a sourcing process

  • The creation of requisitions and requirements
  • The use of specifications, key performance indicators (KPIs) and contract terms
  • The creation of requests for quotations or invitations to tender
  • The use of prequalification questionnaires
  • The submission of quotations or tenders for requirements
  • The assessment of quotations and tenders

1.3 Explain the administration of the award and post award stages of a sourcing process

  • The creation of orders or tender award documentation
  • Delivery notes and order acknowledgements
  • Receiving invoices
  • Invoice matching and dealing with non-compliances

1.4 Describe the need for approvals in the administration of procurement and supply

  • Typical procedures for authorising budgets, requisitions, orders and tenders
  • The separation of duties
  • Contract recommendation and authorisation
  • Levels of delegated authority for contracts
  • Ensuring an efficient approval process

2.0 Know the main techniques used for ordering supplies

2.1 Describe what is meant by direct and indirect supplies

  • Definitions of direct and indirect supplies
  • Examples of direct and indirect supplies
  • Goods for resale and goods not for resale

2.2 Identify the main costs associated with holding inventories

  • Analysing the costs of inventory
  • The costs associated with stock outs and excess inventories

2.3 Describe techniques commonly used for ordering inventories

  • Re-order point control and re-order quantities
  • MRP and MRPII systems
  • Just in time approaches
  • Enterprise resource planning systems

3.0 Know the main approachesto achieving timely deliveries of products or services

3.1 Define the processes that should be used when expediting supplies

  • Defining expediting
  • Problem solving
  • Tracking the relevant documentation
  • Obtaining written confirmations
  • Review agreements made

3.2 Describe the importance of effective communication with suppliers and customers to achieve timely deliveries

  • The perceptual process
  • Interacting with other people and building rapport
  • Effective communication

3.3 Describe the use of forecasting to achieve timely deliveries of supplies

  • The use of forecasting
  • Subjective and objective techniques in forecasting
  • The difficulties associated with forecasting

CIPS_UCG_CPSO_ProcSuppStake_AW#2_v1_Layout 1Procurement and supply stakeholders

Learning Outcomes

1.0 Know the main stakeholders in procurement and supply

1.1 Identify the main external stakeholders in procurement and supply

  • Defining stakeholders
  • Typical stakeholders such as suppliers, customers, consumers, communities, government and other groups
  • The distinction between customers and consumers

1.2 Identify the main internal stakeholders that can be involved in purchases from suppliers and supplies delivered to customers

  • The role of procurement and supply in dealing with other business functions such as marketing, sales, production, operations, human resources, finance, design and development, distribution, facilities, senior management and the board of management

2.0 Know the main approaches for conflict resolution with stakeholders in procurement and supply

2.1 Describe how conflict can arise in the work of procurement and supply

  • Defining workplace conflict
  • The sources of conflict in organisations and between personnel
  • The sources of conflict between organisations and their personnel

2.2 Describe approaches to conflict resolution with stakeholders in procurement and supply

  • Approaches to conflict resolution
  • Clarifying roles and responsibilities
  • Group cohesion
  • Achieving buy in from stakeholders

2.3 Explain the contribution that effective teamwork can make when dealing with conflict with stakeholders in procurement and supply

  • Group cohesiveness and performance
  • The characteristics of an effective work group
  • The stages of team development

3.0 Know why quality management is important in procurement and supply

3.1 Define the main components of quality management in procurement and supply

  • Definitions of quality, quality control, quality assurance and total quality management
  • Quality as a philosophy
  • Getting things right first time

3.2 Identify the costs of quality

  • Prevention and appraisal costs
  • The internal and external costs of quality
  • Organisational reputation

3.3 Describe the main techniques associated with quality assurance and quality management

  • From quality inspection to quality assurance
  • Quality circles
  • The use of control charts
  • Achieving continuous improvement

4.0 Know why clear ethical codes of practice should be used in procurement and supply

4.1 Describe the role of ethical codes in procurement and supply

  • The scope of business ethics
  • Treatment of stakeholder groups
  • Behaviours towards suppliers, customers and competitors

4.2 Describe the details that should be included within standard ethical codes

  • The use of ethical codes such as the CIPS Code of Ethics
  • Regulations in ethical standards
  • Codes for sustainable procurement

4.3 Describe the impact of corporate governance on a procurement and supply function

  • The principles of corporate governance
  • Mechanisms and controls in the corporate governance of procurement and supply

Exam Letter

CIPS Exams Letter







Exam Results

Cips Exam Results







Exam Results Letter









Certificate CIPS Level 2


MBA Boutique Event MBA25

September 26, 2015 Leave a comment


MBA Boutique Event MBA25


Moscow, Russia, Swissotel Krasnye Holmy, Kosmodamianskaya nab., 52 bld. 6

MBA25 is the unique MBA Boutique Event connecting best world business schools with high-caliber candidates. Only TOP schools. Only TOP candidates.






Application workshop
TOPIC: “Your way to Top Business School”

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Panel Discussion with Experts
TOPIC: “MBA and Financing Issues”






Panel Discussion with Business Schools’ Representatives

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Round Tables with Business Schools’ Representatives and Alumni
Stanford, Wharton, MIT, IE, INSEAD, Yale, Columbia Business School, London Business School, Kellogg School of Management, IESE Business School, Manchester Business School, Duke Fuqua School of Business, Darden, SDA Bocconi, ESMT, Nanyang Business School, NUS, HKUST and Boston Consulting Group







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MBA25 Catalogue

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MBA Strategy

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Skolkovo Business School of Management

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