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 🙂
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.
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
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).
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@www.lupglobal.com!
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!
From June this year, we were fortunate enough to be able to assist one of our laboratory ”Circular Asset Seller” clients to help them re-allocate other assets they were looking to offload to other industries & sectors.
As the type of equipment they had available was predominantly Bulk handling manufacturing equipment, which was outside our standard scope of high value, portable, plug & play type assets (primarily in laboratory equipment), we took this project on as a Bespoke Consulting Project.
Despite being in stage 4 restrictions & lockdowns here in Melbourne (where our head office is), plus where this equipment was based for almost the entirety of this project, we are absolutely delighted to announce that only 4 months since we first started the project, we have been able to re-allocated the majority of this bulk equipment!
However, we need your help! Whilst over 70% of the equipment has now been re-allocated, we currently still have the following items still looking for a new home:
BULK CONVEYOR SYSTEM (click on the pictures below to watch short videos of the system in operation):
1 – Multiple conveyor system (See below)
Multiple conveyor systems for CHEP size Pallets. Pallet stacker,
light curtains and perimeter fencing incl control / electrical cabinet.
1.1 Standard CDLR pallet conveyor
3642.5 mm long x 1380 mm wide
1.2 Drag Chain pallet conveyor with rise and fall unit (2 conveyors)
3460 mm long x 1035 mm wide
1.3 CDLR Pallet Conveyor
1304.2 mm long x 1270¹ mm wide
1.4 Drag Chain pallet conveyor with rise and fall unit (2 conveyors)
1110 mm long x 1035 mm wide
1.5 Drag chain pallet conveyor
3020 mm long x 990 mm wide
1.6 Drag chain pallet conveyor
1870 mm long x 990 mm wide
1.7 Pallet Stacker
1.8 Machine perimeter fencing including 2 x light curtains
Monorail Assy – rated to 1.6 tonne – 9890mm Column centres 4110 mm high.
Refer image, the structure painted yellow:
SAFETY PLATFORM
Further images & layout can be provided:
If you or someone within your network may be interested in any of this equipment, please contact lupteam@www.lupglobal.com for a confidential discussion & for us to be able to provide any further information.
Thanking everyone in our network in advance for all your assistance & support. Together, we truly can help minimise landfill & retain the value of precious resources to promote a more Circular World!
