Interview with The Shift!

Interview with The Shift!

Interview with The Shift!

We continue our journey towards more sustainable approaches to make a better business and a better world. Media has a lot to do to support this change in the way we do things, and that is why we are so proud of participating in this interview with The Shift.

Emerging technologies – accelerated by COVID-19 and shifting geo-political dynamics – are transforming the future of work and fast tracking the shift to the digital economy. These changes present challenges and opportunities – displacing some and activating others towards new spheres of wealth and influence. The Shift brings the latest news and analysis on the technology, industry and investment trends that are shaping the future of work and driving the digital economy.

In this inspiring interview, our CEO Noreen Kam talks about our journey with LUP and the circular asset management solution we`ve developed for LUP Global’s customers. She also commented why the next 18 months will be pivotal in showcasing the benefits of circular economy principles, as disrupted supply chains caused by COVID-19 have revealed limitations in the globalised model.

Check it out the interview by clicking on the button below !

Thanks The Shift for having us! Let´s keep showing the world that there is a better way to do things 🙂

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Sustainability Explored

Sustainability Explored

LUP – Sustainability Explored Series

We are so excited to announce the release of our second participation in a podcast, in this ocassion with the incredible Anna Chaschchyna. Anna is the owner of the blog & podcast Sustainability Explored, such an inspiring podcast about sustainability, with the participation of entrepreneurs and leaders from all around the globe. 

 

Anna kindly invited our CEO and Founder Noreen Kam to talk about her journey with LUP and the benefits in retaining the value of assets, a mindset that has been applied in every aspect of her life.  Two empowered women talking about their lives dedicated to a more sustainable future!  

Listen to the podcast here:

And we highly recommend not missing any of the other episodes on Anna’s inspiring global sustainability podcast!

Thanks Anna for the invite, keep spreading the voice, we know that a better future is possible 🙂

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4 EFFECTIVE WAYS IN BUSINESS ASSET MANAGEMENT

4 EFFECTIVE WAYS IN BUSINESS ASSET MANAGEMENT

Written By: Christopher Clark

 

4 EFFECTIVE WAYS IN BUSINESS ASSET MANAGEMENT 

 

This year’s COVID-19 pandemic has caused an economic downturn for most businesses. Getting your business continuity plans regularly assessed and improved can help you thrive in situations like this.  

One area of your business that needs attention is your asset management. Here are the four practical ways of managing your business assets:

1. Identify and track your assets periodically

Have you bought the latest MacBook Air 2020? Is your antivirus up to date? You don’t need to ask these if you have a business asset inventory in place.

According to business analysts, five risk factors contribute to an organisation’s failure to manage assets optimally. These risk factors are lack of knowledge about your purchases, over or under maintenance, improper operation, improper risk management, and sub-optimized asset management systems.

Keeping an accurate inventory of all your tangible business assets is your baseline in streamlining your whole asset management process. Without asset tracking, you may be blindly harbouring ghost assets or those that you think are still present and functioning but are actually lost, stolen, or unusable.

Business Loan Expert, Shane Perry from Max Funding says, “Your inventory can also be used to assess your business standing if you want to apply for a business loan in the future. An updated inventory helps more in the process. In most cases, banks and other lenders tend to require more time to process loans.

2. Know their value and depreciation

Having a complete list of your assets will now help you assign value to each of them. The current value of your assets may not be the same back when you purchased them. For instance, Investopedia said that a car loses 20% value in the first year and 40% after five years.

Outdated and unusable assets can slow down your operations. Therefore, it is equally important to track each of your asset’s depreciation to determine which assets need replacement, repair, or disposal.

3. Use an automated asset management tool

Manual management of assets can be both costly and time-consuming. To optimise operations, investing in a business asset management tool will give you accurate results faster and in a more cost-efficient manner.

Asset management tools can address the five most common asset management issues, which include human error, technical difficulties, inventory confusion, and resource wastage. 

Asset management automation is becoming a trend as it reduces expense, enhances revenue, and smoothens day to day operations. In fact, it is forecasted that the global fixed asset management market would grow from 3 billion U.S. dollars in 2019 to 5.2 billion U.S. dollars in 2024.

 

4. Insure your assets

Accidents and untoward events can happen at any time. That’s why it is essential to protect your assets with appropriate insurance policies. When your assets are destroyed due to acts of nature such as fire and flood, business asset insurance can prevent substantial financial loss.

Knowing, tracking, and protecting your assets give you control over substantial parts of your business.  Streamlining your process will let you know what to do the next time you purchase. 

Track your assets, protect your business, and implement a strategic, proactive and long-term asset life cycle management with the help of LUP Global. Contact us now to discuss how to maximise assets and reduce waste for more sustainable development.

 

 

 

 

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Our growing family – Meet Irena Jovanovska, our new Circular Asset Consultant

Our growing family – Meet Irena Jovanovska, our new Circular Asset Consultant

Our growing family – Meet Irena Jovanovska, our new Circular Asset Consultant

Irena Jovanovska joins LUP Global as Circular Asset Consultant. In this role, she will direct her passion for sustainability and ensuring a better environment for future generations.

Irena has more than 10 years of academic and work experience in the laboratory inclusive of Pharmacy, Microbiology, and Molecular Biology Research. In March 2020, she was one of three recipients of the Summer Student Research Award by the Australian Society for Microbiology.

She also proudly stands for gender equity and hence founded the Women in STEM club at Swinburne University in 2019. She has a proven record of successful international collaboration with people from over 100 countries worldwide, especially while working as a Flight Attendant in Qatar Airways from 2013 to 2017.

In 2019, Irena was the highest achieving graduate in the Master’s degree in Science
(Biotechnology) at Swinburne University, and she was one of the top students during her Bachelor’s studies in Biochemistry and Physiology at Saints Cyril and Methodius University. She is also a member of the Golden Key International Honour Society, and the Australian Society for Microbiology.

Why join LUP?

I always aim to make a difference and positively influence people around me, I am excited to have the opportunity to accomplish this on a global scale through the amazing LUP Global family!

3 adjectives to describe yourself:

Trustworthy, Curious, Ambitious

What are your passions?

Healing the planet, learning and discovering new things, helping and being kind to people

 

Welcome onboard Irena! 

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Government Boost Fund – Circular Asset Management & Continuous Improvement

Government Boost Fund – Circular Asset Management & Continuous Improvement

The government has just provided a Boost fund for training, and as part of the ShareTree group of social enterprises with our brother company Vative a registered RTO, we can currently assist you in accessing the Boost support funds.

In summary there is this amount of government funding available for companies of:

  • $28k per person
  • 100,000 spots only available nationally

Eligibility Criteria?

  • Existing workers must be increasing employment between casual to PT or FT or PT to FT
  • Applies to all new Parttime (PT) or Fulltime (FT) employees
  • Must be an Australia citizen
  • Must not be claiming Job Keeper
  • Must not complete the same qualification as previously completed
  • Must not be a Director or CEO of the organisation
  • Maximum 30 people per entity unless on the National Skills Needs List

Aged, employment type, high qualifications and role all don’t matter.

In addition to the Boost fund there is also State Funding available to people who upskill in qualification.

LUP Global in conjunction with Vative are looking at running a combination of Diploma and CertIII/ IV in Competitive Systems and Practices (Continuous Improvement which includes Circular Asset Management).

Surplus funds can be used to do a full Culture Program around Circular Asset Management and the Projects from the Training can also all be projects around Sustainable CAPEX Procurement and Asset Life Cycle Optimisation.

Spots won’t last very long and the government funding is decreasing every day, so if you’re interested please don’t hesitate to pass this onto the relevant people within your organisation & to get in touch with us at info@lupglobal.com!

Download the attached Flyer for further information.

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Peak Generators – An innovative solution to reducing COVID contact transmission for on-site gas

Peak Generators – An innovative solution to reducing COVID contact transmission for on-site gas

Written By: Felipe Soraires, LUP Global circular asset consultant

“Challenging times require innovative solutions”.

Since we started with LUP back in 2017 – people that follow us know that we are in a constant learning process to understand how we can provide smart solutions to make a better world for next generations. Of course we never imagined that we would be facing a global pandemic just a few years later. To navigate these difficult times we all need to look for new ways – game changers in how we operate. Through INNOVATION we can find smarter ways to collaborate. 

If you start collaborating with people and partners who share the same values, then even the most difficult situations won´t be enough to make you fall down. This is the case of Peak Scientific, one of our dearest and closest strategic partners.

The pandemic has taught us that we need to think differently and fast, and Peak is definitely doing that, contributing with innovative and more important than ever now SAFE solutions for laboratories to source industrial gas. 

As all businesses opening up in Australia (especially in Melbourne) need a COVID safe plan, Peak´s on site gas generators are a great solution to significantly reduce the risks associated with COVID contact transmissions. Traditional sources of gas with off-site gas generation require constant contact with too many people: picking up the cylinders at the gas companies, then truck delivery to site (not to mention health and environment risks due to the high storage pressures of cylinders/ boil-off gas options). This is creating a very serious concern in many customers, given the current health situation we are facing.

Peak´s on site generators not only reduce the risks associated with COVID contact transmissions, with far fewer regular cylinder deliveries to the lab and less manual handling, but also reduce the risks associated with the supply chain, as maximizing uptime of your laboratory with your own on site generators eliminates the risk of unexpected breakdowns. 

LUP facilitates customers in conjunction with Peak’s technical experts to assure a greener way forward with major return on investments for your business with less unnecessary physical contact to make your business safer for you and each employee.

 Contact us today to find out how you can get your own contact free gas generation solution!

 

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