Tag Archives: Level

Top class star makes surprise claim, says Spurs star is on the same level as Messi

Top class star makes surprise claim, says Spurs star is on the same level as Messi – originally posted on Sportslens.com

Tottenham take on Juventus in the Champions League later tonight and Giorgio Chiellini has been talking up Harry Kane’s ability ahead of the clash.

The Italian centre-back revealed that the England international is on par with Messi, Ronaldo and Neymar right now.

He said: “Kane is now among the elite players in the world. Over the last years, with the goals he has scored, he has been on the level of the best. Messi, Ronaldo, Neymar — Kane has been on that level. He is one of those players that is irreplaceable – and I am sure that Tottenham will be doing all they can to make sure he stays.”

There is no doubt that Kane is the best striker around Europe right now but to claim that he is on a similar level to that of Lionel Messi is frankly surprising. The Barcelona superstar is simply in a league of his own.

Kane is a world-class player who would improve most teams around the world but it seems that the Juventus star is overrating his opponent for tonight.

Tottenham will be hoping for an away win tonight and they will want to take a lead back to Wembley for the second leg. The Londoners have been in superb form lately and they will be full of confidence for this one.

Pochettino’s men recently beat Manchester United and Arsenal in the league.

From Sportslens.com – Football News | Football Blog

Sea level rise is speeding up, scientists confirm

Climate change is making our seas rise faster and faster, confirms a new study examining 25 years of data.

Published on Monday in the journal Proceedings of the National Academy of Sciences, the study finds that sea level rise will not increase at a steady rate. Instead, the rate will accelerate by about 0.08mm each year.

While this doesn’t sound like a lot, it could lead to almost half an inch of sea level rise per year. And if this rate of acceleration continues, by the end of the century sea levels will rise by just over 2 feet. This confirms previous projections put out by the U.N. Intergovernmental Panel on Climate Change (IPCC).

This expected increase is compared to just 7 cm – or 2.7 inches – of the global average sea level rise experienced since 1993. As the study notes, one of the main causes behind the accelerating sea level rise is the melting of ice sheets in Greenland and Antarctica – and this is one of the biggest variables that will impact how quickly the seas will continue to rise.

Because of this, the researchers say their findings are a “conservative” estimate. If the climate starts to change even more rapidly, then the rate of sea level rise could increase even more.

As Steve Nerem, Associate Director of the Colorado Center for Astrodynamics Research at the University of Colorado Boulder and one of the study’s authors, told ThinkProgress, the study’s conclusions are based on the assumption that “the ice sheets [will] just continue going along at what they’ve been doing for the last 25 years.”

This isn’t likely to be the case, Nerem expects. “There may be abrupt changes in the ice sheets,” he said. “That’s why I think that this is a conservative estimate, because it doesn’t consider what if the ice sheets really start to go.”

Basically, he said, the study “has a major caveat that [it assumes that] sea level continues to change into the future at the same rate and acceleration of change as the last 25 years. Like I said, that’s probably not going to happen, [our findings are] probably on the low end.”

The researchers, however, are very confident that sea levels will continue to rise at an accelerated rate.

Commenting on the study, Andrea Dutton, an assistant professor and fellow at the Florida Climate Institute at the University of Florida who wasn’t involved in this research, said there’s an important statement included in the study that shouldn’t be ignored: “The probability that the acceleration is actually zero is less than 1 percent.”

In other words, it is more than 99 percent probable that sea level rise will accelerate. “That’s a very important statement,” Dutton said.

Often, climate models, such as those for sea level rise, include multiple curves on a graph showing the different types of scenarios – at the lowest end, the smallest rate of increase, and at the highest end a curve showing the most extreme case of global warming. When it comes to that lowest curve, said Dutton, “what this paper is saying is we know that that’s not reasonable.”

In order to reach these findings, the team of scientists from CU Boulder, the University of South Florida, NASA Goddard Space Flight Center, Old Dominion University and the National Center for Atmospheric Research studied 25 years of satellite data.

This includes data from along coastlines but also information collected over the open ocean, making it a much more comprehensive data set. It also takes into account the effects of volcanoes and changes in temperature resulting from El Nino and La Nina. The aim was to tease out the longer-term climate trends.

Effectively, the study uses this real-world data from the past few decades to produce a calculation about the rate of future sea level rise, and found that it matches the complicated climate models produced by the IPCC for a “high emissions scenario” where no action is taken to limit emissions.

The study, of course, added that more research is needed to refine the results. “As we get longer and longer time series there will be better estimates of this acceleration,” Nerem said.

“It’s really interesting,” added Dutton. “For a long time, people had been saying that the satellite data is too short for us to use and make any projections. Now it’s just starting to get long enough to do a reasonable statistical analysis of it. And they find that it has accelerated over this time period since 1993 when we first started measuring sea level using these satellites.”

Satellite data is vital to this research, said Nerem. However, last year under the Trump administration, this scientific data came under fire. Last April, President Trump’s proposed budget took aim at NASA’s climate science, a lot of which is done using satellites. Scientists feared that if a gap in data gathering were to occur due to a lack of funding or cancelling of a project, this would harm climate research. Continuous data records are critical to improving climate models and understanding how increased temperatures may be impacting the world.

“This research would not have been possible without the NASA satellite measurements,” Nerem said. “We really would be blind without those satellites. I mean, we still have other measurements but those measurements have a lot bigger errors, it’s a lot harder to tell what’s going on, and so it’s critical to have the satellite measurements and really I think everybody needs to put in a plug for the satellites so that NASA continues to give us these observations.”


Chuck Todd Unloads On Trump: The White House Has Reached A ‘Level Of Crazy’ We’ve Never Seen

“It feels like we’ve reached a level of crazy in the White House, and it’s difficult to take it anymore. Reality TV appearances, tabloid gossip, conspiracy theories, name-calling, vulgarities, and a level of egomania few have ever seen in Washington.”

The post Chuck Todd Unloads On Trump: The White House Has Reached A ‘Level Of Crazy’ We’ve Never Seen appeared first on Politicus USA.

Determining your Optimum Inventory, Level 1

The first thing to understand when it comes to determining your Optimum Inventory Level (OIL) is that it doesn’t start with inventory.  There are three other steps required first to ensure your OIL is calculated accurately rather than based on guesswork and hope.

It starts by understanding that your retail business is simply a ‘tool’ to help you achieve your living and wealth needs both now and in the future … what we refer to as the GAP analysis.  The GAP is not an acronym, it is a metaphor do describe the difference, the gap, between where you stand financially now compared to where you need to be.

Only once careful consideration has been given to the first three steps, can you answer the question “how much inventory do I need to achieve my sales budget?”

Also referred to as the ‘Bottom Up’ budget, there are four steps to the ‘Gap’ Process.  These are:

  1. The ‘GAP Analysis’ (see below)
  2. The Gross Profit ‘GAP’
  3. The Sales ‘GAP’
  4. The Inventory ‘GAP’

The ‘GAP Analysis’ also consists of four steps:

  1. Retirement / Exit Planning (including Succession planning)
  2. Personal Exertion – your own market salary
  3. Return on Investment (this is different to GROI)
  4. Other Operating Expenses

I know the idea of basing your sales budget on all of these factors can be a little daunting or downright overwhelming, but it truly is the only way to determine a meaningful OIL.

So assuming you at least have a good grasp of what your own ‘GAP Analysis’ would reveal, and based on that, you have been able to calculate your ‘Gross Profit GAP’ and ‘Sales GAP’, we are ready to continuing with Step 4 and to answer the question, “how much inventory do I need to achieve my sales budget” … otherwise referred to as the optimum inventory level.

A definition of OIL is:

The right amount of inventory to give your customers the best possible choice while giving you the best possible return on your investment

without affecting future sustainable sales growth.

The objective here is to help you understand and calculate your own OIL, however because this is a complex and highly important process it will be broken into smaller steps.

When calculating your OIL it is important to take into account other business circumstances such as:

  1. Is your business growing, static or declining?
  2. Are you intending to include new product ranges in your ‘buying plan’ to boost certain areas of your business?
  3. Are you planning to drop certain product lines that no longer fit your business model or market position?
  4. Categories which may show a below average gross margin return on investment (GMROI) but deliver a high return on effort (ROE).
  5. What percentage of your total sales volume comes from custom work, special orders and repairs?  Because you don’t need inventory for these income lines.
  6. How quickly can you replace your fast sellers, etc?

A quick word on Memo stock.  When it comes to inventory management, as distinct to financial management, we don’t care who owns the product, e.g. you, in the case of asset inventory or your vendors, in the case of memo, we only care about the performance of it.  In other words, if it doesn’t sell, it doesn’t matter that someone else owns it, it’s no good and it’s taking the place of something else that could be turning for you.  So expect the same performance from memo as you would from your own asset inventory.

Having taken these factors into account, you are now ready to calculate your OIL but do so understanding that GMROI is not an exact science but rather a ‘rule of thumb’.

Also, remember that it is difficult to sell what you don’t stock … in other words investment precedes dividend.  You don’t get interest from your bank until you deposit some money and so it is with retailing.

Arguably, it is possible to achieve a GMROI of 200 i.e. $200 of gross profit per annum from every $100 invested in inventory.  This should therefore be the basis for calculating your OIL if you are striving for ‘best practice’.

However, because most stores are achieving well below this, a more realistic ‘Rule of Thumb’ for a growing retail business is that every $1.00 of well chosen, well managed inventory will produce between $2.50 and $3.00 of retail sales per annum (excluding repairs, custom designs and special orders).  

That means, if your inventory level is $400,000, you should be achieving between $1m and $1.2m in retail sales.  

Looked at another way, if your ‘GAP’ sales budget is $1.5m and you do 20% of your sales from repairs, custom designs and special orders, your sales of finished product would be $1.2m and the OIL would be between $400,000 ($1.2m ÷ 3) and $480,000 ($1.2m ÷ 2.5).

 

GAP Sales Budget Stock to Sales Ratio Optimum Inventory Level
$1,200,000 3 $400,000
$1,200,000 2.5 $480,000

 

Important: Anything less than this level of performance and you are under performing, which means you either need to address the lack of sales compared to the inventory you are carrying, or you need to address the excess inventory.  Our preference is that you consider both before deciding on a strategy because often the inventory is not the real problem … a lack of sales is!

Action Steps:

  1. Note any changes to your business circumstances as outlined
  2. Calculate your Optimum Inventory Level (OIL) as explained
  3. Calculate your ‘Inventory GAP’ by comparing your OIL with your current inventory level
  4. Based on your ‘Inventory GAP’ determine if your strategy moving forward will be to increase sales, reduce inventory or both

The Edge Retail Academy is a highly effective jewelry industry consulting company that provides customized strategies for retailers and vendors to increase profits, optimize growth, reduce debt, create profitable inventory solutions, build effective teams and enhance brand loyalty and profitability. The Academy is committed to helping jewelry businesses improve their bottom line while reducing uncertainty and stress. Edge Retail Academy software and the unique talent pool of their business advisors provide real world knowledge and advice for guaranteed results, all on a “no-contract” basis. 877-569-8657, ext. 1  or  www.edgeretailacademy.com

 

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