Monthly Archives: November 2018

What is a TMS? (Transportation Management System)

Transportation Management System (TMS) – What is it?

A Transportation Management System is software that helps businesses manage the execution of its logistics supply chain, in particular coordinating and optimizing the movement of products and materials.

The general functions and benefits of a TMS include the following:

Shipment Load Planning and Shipment Routing Optimization – This functionality helps in areas such as determining the most cost effective mode to ship an order (truckload, ltl, air freight, intermodal, etc.), or the optimal way to combine multiple orders together into larger shipments. Carrier rate agreements and contracts are often housed within this area as well.

Routing Guide – Helping to ensuring vendor compliance to inbound routing guides is crucial to cost management. Centralizing the routing instructions for a company with multiple shipping locations can improve compliance.

Execution Management and Carrier Communication – This includes tools for assisting with carrier selection, calculating shipments costs (including line-haul, fuel surcharges, and accessorial charges), tendering loads and facilitating carrier communication (bills of lading and proof of delivery).

Visibility/ Shipment Tracking – Providing delivery status updates and alerts, this tool allows proactive program management and notice of potential delivery problems in advance.

Freight Bill Audit & Payment – Automating the freight audit and payment process, saving time and improving accuracy, or ending reliance on an outside third party. It is estimated that performing regular freight invoice audits can save 4-5% in transportation costs per year.

Other functions:

Business Intelligence/ Reporting

Claims Management

Returns Management

Appointment Scheduling

TMS systems are can be deployed on client’s systems or on-demand SaaS (Software as a Service).

Items Not Valid for Foreign Exchange (FX) in the Nigerian FX Markets

In an attempt to sustain the stability of the Foreign Exchange (FX) Market and ensure efficient utilization of Foreign Exchange for the derivation of optimum benefits from goods and services imported into Nigeria, the Central Bank of Nigeria (CBN) recently issued a new directive in a circular it distributed.

The directive exempts some imported goods and services from the list of items eligible to access FX at the Nigerian Foreign Exchange markets in order to foster and support local production of these items in the country.

The implication of this development is that importers desiring to import any of the items listed in the aforementioned CBN’s directive would be required to source for FX funds without any recourse to the Nigerian Foreign Exchange market (Interbank market and BBN Intervention).

The list of the affected items are outlined below but may be reviewed as the need arises. However, please note that the importation of these items are not banned.

The items include the following:

Rice
Cement
Margarine
Palm kernel/Palm oil products/vegetables oils
Meat and processed meat products
Vegetables and processed vegetable products
Poultry chicken, eggs, turkey
Private air-planes/jets
Indian incense
Tinned fish in sauce(Geisha)/sardines
Cold rolled steel sheets
Galvanized steel sheets
Roofing sheets
Wheelbarrows
Head pans
Metal boxes and containers
Enamelware
Steel drums
Steel pipes
Wire rods(deformed and not deformed)
Iron rods and reinforcing bard
Wire mesh
Steel nails
Security and razor wine
Wood particle boards and panels
Wood Fibre Boards and Panels
Plywood boards and panels
Wooden doors
Toothpicks
Glass and Glassware
Kitchen utensils
Tableware
Tiles-vitrified and ceramic
Textiles
Woven fabrics
Clothes
Plastic and rubber products, polypropylene granules, cellophane wrappers
Soap and cosmetics
Tomatoes/tomato pastes
Eurobond/foreign currency bond/ share purchases

In our view, we understand Share Purchases (item 40 in the list) to be referring to Nigerians who access the foreign exchange market to invest in foreign securities and not foreign investors who inflow funds into Nigeria for the purposes of investment.

The CBN stated this was in a bid to sustain the stability of the foreign exchange market and ensure the efficient utilization of foreign exchange whilst encouraging local production of these items. The CBN also stated clearly that importation of these items are not banned, however importers of these items shall do so using their own funds without recourse to the Nigerian Foreign Exchange Markets.

The implication of this is that there will be reduced demand on the official market which means reduced pressure on the official FX market. However, there will be increased pressure on the parallel Market (Bureau de Change). The gap between the parallel and the official market will widen and the rate for dollars in the parallel market will increase. This will also lead to an increase in the cost of these items locally for consumers and ultimately inflation.

The Central Bank of Nigeria’s excluded some foreign products and services from the list of item qualified to get Foreign currencies at the Nigerian Foreign Exchange markets.

The effect of this directive is that businesses craving to import any of the delisted items would no longer be able to access foreign currencies from the Nigerian Foreign Exchange market in order to pay for the imported consignments.

Open to Interpretation

We can’t generally expect that the words we hear mean what we figure they do. We offer trust to our encounters that have protected us, yet in the realm of work, this can give us down once in a while and we a chance to neglect to make the best of individuals as a result of it.

Frequently what individuals say implies something altogether different to them than it may to you. As a chief, you have the advantage of having the capacity to disconnect from stressing excessively over this, as your kin will for the most part take after what you instruct them to do – to a limited degree.

In any case, this isn’t your entire answer. You require your kin to be onside with regards to the data you offer out to them, so they are lined up with the desires you have of them.

More, when they don’t obviously comprehend what you mean, they will wind up baffled when they do what they hear you need, just to discover consequently, this wasn’t generally the case. This can genuinely harm any relationship you have with them, particularly when it happens more than once.

Then again, as a director, it’s anything but difficult to put your elucidation on what you hear said and make presumptions in view of this. Your convictions about individuals can be ruined by your translation of information exchanged, instead of endeavoring to get under the skin of the detail and work extremely difficult to comprehend what they truly implied.

On the two sides at that point, dispersal of data, demeanors and even basic remark is totally open to deception, in light of the fact that our ears are not theirs. The words that are said don’t really have an indistinguishable importance from what we hear. While an answer for this is to twofold check both that what you say is obviously comprehended by them and that what they say you have unmistakably comprehended, there is a further thought to make.

Here and there, you have to remain in a better place than you have constantly done. Your energy about what is said is liable to your own channels through which you hear the world. It’s key in some cases to welcome that the words you hear and decipher for yourself don’t have the edge that you envision. That your ‘turn’ is yours and not theirs.

This requires a stage change in your capacity to move your own reasoning and by doing this, you are significantly more liable to get the genuine estimation of the reasoning and thoughts that are being shared. Also, you are better prepared for augmenting the connections you manufacture, as opposed to sitting around idly and vitality baffled by the words that others utilize and hearing them just through your own, sifted and subsequently corrupted ears.

Translation and Interpreting Services

With our reality quickly getting littler and universal relations developing exponentially, getting to and sharing data written in outside dialects has turned into an ordinary need. That is the reason today, more individuals and organizations look for the administrations of expert interpreters and translators to encourage their standard exchanges and to enable them to develop.

To explore in this multi-lingual condition, certain actualities are required that can help in choosing administrations from etymological industry suppliers. To start with, wind up familiar with the phrasing and the contrasts amongst interpretation and deciphering. Interpretation is composed, though deciphering is the oral handing-off of a message from one dialect into another. The second thing to know is that the dialect of the first message is known as a source dialect, while the dialect into which the message is transmitted is an objective dialect.

A standout amongst the most well-known confusions is feeling that interpretation or understanding is a “word for word” process. Because of the subtleties contained in every dialect, deciphering in this way infrequently bodes well. Gifted dialect experts are prepared to precisely and totally pass on your thoughts in an alternate dialect. An all around deciphered content conveys all the substance of the source report without precluding, including, or evolving anything, yet it is perused as so it was initially elegantly composed in a dialect of your intended interest group.

Diverse tenets and ranges of abilities are required for clear and productive correspondence in composed dialect interpretations rather than talked dialect translation. This current article’s emphasis is on interpretation, so we should investigate the generally made inquiries relating to composed interpretation administrations.

Shouldn’t something be said about Computerized Translation?

We are so acquainted with quick data get to that momentary interpretation with a solitary mouse click is by all accounts effectively feasible. Shockingly, that isn’t the situation. In the event that you’ve at any point experimented with this sort of on the web or programming administration, you realize that the outcomes you get are not something that you would need to put in any type of business correspondence materials.

Without a mind boggling individual information of the dialect, interpretation programming creates words, however not phrases that have adjust meaning. You may contrast this with utilization of a lexicon that enables you to rapidly discover words, yet without composing aptitudes those words can be utilized despicably and neglect to pass on what you need to state.

Machine interpretations can be depended on for pressure alleviation through a decent generous giggle.

Should you be in the mind-set for somewhat fun, go to [http://www.bromberg-interpretation services.com/bloopers].

Will any Bilingual Person be a Translator?

This one is basic. NO. Consider the possibility that a bilingual individual is a specialist in the specific field for which the interpretation content is required. The appropriate response is still, NO. Precise interpretation is a mix of refined etymological aptitudes, specific information, and social competency, which a non-dialect proficient infrequently has.

How A CTA May Use Volatility To Set Protective Stops

A non-high-tech measure of *historical volatility is given by the range of market prices over the course of a trading interval, this is usually a day or a week. The range of prices is defined as the difference between the high and the low for that given trading interval. If the range of the current day lies beyond the range of the previous day (Gap- up or down) the current days range must include the distance between the current days range and yesterday’s close. This is what is referred to as the “True Range”. The true range for a gap-down day is the difference between yesterday’s settlement price and today’s low. On the flip side, the true range for a gap-up day is the difference between today’s high and the previous day’s settlement price.

To grind this down a bit further, a tick is the smallest increment by which prices can move in a given futures or commodity market. The next step would be to translate the dollar value for 1 tick in the given market being traded, (Ex: The minimum tick value in corn futures is $12.50 or ¼ cent). To use corn data as an example, data shows that 90 percent of all observations between 2004- 2014 had a daily true range equal to or less than 26 ¼ cents. Therefore a CTA who was long corn futures, may want to set a protective sell stop 26 ¼ cents below the previous days close, as the probability of being whip-sawed out of the market are 1 in 10. Similarly, a CTA who had short sold corn would want to set their stop at least 26 ¼ cents above the previous day’s closing price. The dollar value for this stop would be $1,312.50 per contract, in corn.

Now, instead of concentrating on the true range for a day or a week, it may be more suitable and efficient for a CTA to work with the average true range over the past “N” trading sessions, wherein “N” is any number found to be most effective through back testing their trading methodology (Ex: 9 days, 20 days, 4 weeks, etc.). The theory is that the range for the past “N” periods is a more reliable and consistent indicator of volatility as compared to the true range from the immediately preceding trading session. An example would be to calculate the average true range over the past 20 trading sessions in corn futures and to use this number for placing protective stops. As an aside, this philosophy could be flipped around and be used for entry, which I’ll cover in a future article.

As one last example this average true range methodology could be slightly modified by working with a fraction or multiple of the volatility estimate. Ex: A CTA might want to set their protective stop equal to 150 percent of the average true range for the past “N” trading sessions, (The famous Turtle traders used this methodology by taking the 20-day average true range and then setting their stops equal to 200 percent or 2x this number). The theory is that the fraction or multiple enhances and increases the probability of not being taken out of a valid trade due to market “noise”.

*Historical Volatility – HV’ is the realized volatility of a financial instrument over a given time period. Generally, this measure is calculated by determining the average deviation from the average price of a financial instrument in the given time period.

Futures Brokers – Finding a Credible Futures Broker

On the off chance that you need to exchange items or money related instruments then you should locate a valid prospects intermediary. They give you with a way to you to purchase or offer products and money related instruments at a future time at a specific cost.

Future specialists work twenty four hours a day, six days a week. They must be in fact authorize to bargain in prospects. A large portion of these intermediaries require a base store to open an exchanging account. The base stores differ from representative to merchant yet all require a particular sum in the records.

Most fates dealers are paid on commission. This is ascertained by the volume and recurrence of exchanges made. There is typically a base commission assigned per exchange so comprehend what these base expenses incorporate.

It is useful on the off chance that you comprehend the item you plan to exchange to give yourself an aggressive edge. Your prospects intermediary will prompt you on current conditions, showcase patterns, world economy and different components yet in the event that you comprehend your exchanges it will help in your venture returns and decrease a portion of the hazard connected with exchanging.

On the off chance that you are not an expert in a specific item or budgetary instrument then it is astute to take the counsel of an authorize full administration fates business firm instead of making hypotheses. These prospects agents have the experience important to comprehend patterns and developments inside business sectors to position your exchanges legitimately.