Workshop on Internal QC & EQAS for Lab Professionals

Value Added is conducting a Workshop on Internal Quality Control & EQAS for Lab Professionals on 31st October 2015 at Hotel Savera between 9 am and 5 pm. The training is conducted by Dr.V.K.Ramadesikan, MD Biochemistry.

What are the benefits?

  • This course will help participants understand Quality Control and its requirements
  • Select and apply the statistics required during Quality Control Testing
  • Select and use the appropriate types of Quality Control studies and appreciate and understand the importance of quality control and uses a combination of lectures and interactive exercises and demonstrations to take participants thorough on the process of Quality Control Testing.

About the Trainer:

The training will be delivered by Dr. V. K. Ramadesikan, M.B.B.S, M.D (Biochemistry) with over 2 decades of experience in teaching and clinical laboratory experience in a Medical College & Hospital. He is well versed with Quality Management Systems (ISO, NABL, CAP Accreditations) for Medical Labs and have facilitated around 75 labs to implement ISO 9000, NABL & CAP Accreditations so far in South India.

Registration Fee Details

Training Registration Fee is Rs.2500 per participant

  • The cheque/DD to be drawn in favour of “Value Added Corporate Services P Ltd” payable at Chennai. Full payment in advance.
  • Training Fee includes Training material, Lunch, 2 times Coffee / Tea, Participant Certificate
  • Fees once paid will not be refunded. However changes in nomination before commencement of programme is permitted

Key Take aways

  •  Knowledge Material
  • Sample Exercises
  • Certificate of participation
  • Networking with Industry peers

Training Venue:

Hotel Savera,

No.146, Dr.Radhakrishnan Salai,

Mylapore, Chennai – 4.

Click Here for IQC _ EQAS Brochure(1) & Registration Form IQC-EQAS

For More Details

Ms.Sivasankari

Training Coordinator

Phone: 24462337 / 24462338 / 24462250

Email: training@valueadded.in

COLLABORATION – CREATING COMPETITIVE ADVANTAGE

April 24, 2015 by · Leave a Comment
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COLLABORATION – CREATING COMPETITIVE ADVANTAGE

The year 2008 would now appear be part of history for many and just one of the many years that have gone by.  For countries, global economies, regulators and corporate world, however, it definitely was one of the turning points that would continue to redefine the way commercial activities are viewed.

Entrepreneurs and CEOs are beginning to have a hard new look or relook at all business from multiple perspectives.  The last couple of years has seen changes not only in regulatory and corporate actions but rapid disruptions in technology that arenow redefining business & revenue models.

Welcome to VUCA World – A New Normal

Volatility, Uncertainty, Complexity and Ambiguity are new buzzwords in the corporate boardrooms that are redefining strategies, governance and risk management.  Corporates and business models that once appeared to benchmarks and invincible are today under the scanner for their vulnerability.  A couple of corporate actions and expression of opinion in the recent past are a clear indicators of the thought process.

Take the case of the recent decision of General Electric on its business exposure to real estate and financial business.  The plan to exit them and focus on pure play industrial company with an intent to make it a simpler and more valuable company. An extremely profound move that has its moorings on the thought process in the corporate world – being driven by needs for greater regulatory compliances.

If that was not enough we had Jamie DimonCEO of J P Morgan being concerned about start-ups from the Silicon Valley eating into their banking business! Innovations, primarily driven by technology, are disrupting the banking world.

There is strong underlying message that is defining corporate concerns.  It is evident that the need of hour is about being lean, mean and really fast!  Try visualizing driving a formula one car on the crowded streets of India where it just not traffic but you are not sure when and who is going to follow the traffic rules or lane discipline.

Collaborative Approach – The Way Forward

In an environment driven by huge potential, with similar if not more uncertainty and risks, it is critical for entrepreneurs and managers to realize that the “Collaborative Approach” is perhaps the best strategy to be pursued.  The collaborative approach is distinctly different from that of an outsourcing model where the relationship is that of a principal and vendor.  It has to be lot more holistic where the risks and rewards of entrepreneurship is shared amongst entrepreneurs while still retaining a fair degree of operational flexibility within a well-defined framework.

A De-Risking Tool

A collaborative approach would be a great tool to de-risk organizations.  Technology disruptions are the order of the day and customer loyalties are getting increasing getting shorter if not uncertain. Not just the customer, the new millennial workforce is under enormous peer pressure too.  Driving entrepreneurial culture inside organizations, Intrapreneurs as they are increasing being referred to, is fast becoming the need of hour. This would possibly also address the some of the other problems associated with attrition and employability. Should not come up as surprise if the allocation of large start-up funds being established corporates in information technology sector was a strategy to overcome this problem.

Derive Pricing Advantages

Products are getting increasingly commoditised or competition is coming faster than ever before.  In a situation like this product prices are always under pressure.  A collaborative approach can not only mitigate that risk but collaborative approach across geographies/verticals may potentially help organizations to derive better pricing by moving up the value chain.  It is no wonder that that even large companies Google has recently teamed up with large consulting organizations to exploit emerging opportunities in the sphere of Digital India.  Smarter operators are creating more customised solutions for customers who are not averse to the idea of sharing resources! Inter-state car-pooling is definitely one such initiative.

Asset Light Models

Collaborative approach could also address the problems associated with capital intensive asset heavy models.   This is more relevant is capital constrained economy like India where either capital is either scarce or debt very costly.  Even financial investors like VC/PE firms are increasing backing asset light models that use resources more efficiently and deliver better bang for the buck. An asset light model will inevitably lead better asset utilisation leading to better Returns on Capital Employed (ROCE).

The list of advantages could go on.  It is not to suggest there are little or no risks associated with a collaborative approach.  Every strategy has its inherent accompanying risks but then entrepreneurship is all about managing risks to obtain better and sustainable results.  In a world where the gurus have prescribed co-creation of value with the customers and co-opetition is not sacrilege,collaboration is not something that is really new, it was probably one the earliest forms of commercial enterprise –  barters!

 

Article contributed by :

R Venkatakrishnan

Director

Value Added Corporate Services P Ltd

rvk@valueadded.in

Some Thoughts as we enter in to the New Financial Year

April 1, 2014 by · Leave a Comment
Filed under: Uncategorized 

Author: R.Venkatakrishnan, Director – Value Added Corporate Services P Ltd

As we draw closure of yet another financial year, for most Indian businesses, it time to quickly take stock of the year that has just gone by.  The year has been quite torrid for torrid for most part and many would like to quickly put bitter memories behind.  Irrespective of what happened, it would be a good idea of putting some thoughts in place to ensure that we have some game plan for the ensuing year.  It may also be something like the proverbial New Year resolutions that we pass, except that in the case of business the results end up staring at our face!  I have a couple of thoughts on the same.

To begin with I personally feel that the worst is behind us.  Like all hard core accountants, that comes with a couple of caveats! To start with I would imagine that the Indian recovery would to a large extent be a function of a decisive mandate in the ensuing polls!  While economic decisions in the recent past have been positive, albeit a little too late, a fractured verdict could bring back problems of lack of decisive policy making and accountability.

Interest rates that have remained unreasonably high over the last couple of years could potentially show signs of easing in the next couple of quarters, at least based on present trends on inflation.  However, a bad monsoon could be game spoiler.  The quantitative easing in US may not be make a very big impact considering that the some deft handling by RBI has ensured that the foreign exchange reserves have gone back to the USD 300 billion mark.  The other positive being that the short term external borrowing, that is debts due during 2014, has come down to 21% of the total debt – Down from 23%.

Those are couple of other issues on the economic front!  On the regulatory side, the New Companies Act 2013 has become fully operational with the Government notifying many more sections.  The new act brings about a lot more changes to the corporate regulatory framework.  Some of the changes are stringent and would warrant close monitoring to ensure compliance.  The implementation of GST may not happen in a tearing hurry and would take some more time, which would be unfortunate but businesses have to accept ground reality.

On the business front the period of slowdown or recession, whichever way you would want to look at it, has created some new perspectives to the way people have looked at business.   One thing that has become certain is uncertainty/volatility in the business environment.  The changes have been driven by regulatory requirements / customer changes / competitor activity /technology or a combination of many or all of these. Speed has also become a new normal as customers have realized that it would be possible to demand at shorter delivery cycles. In normal circumstances it may not have been possible but business houses were operating under sub-optimal conditions even irrational delivery demands have been accepted.  The need to collaborate or network with every stakeholder has become the order of the day.  If need be organizations have not shied away from even collaborating with competition!

On investment strategy for the New Year – it would all depend on the risk appetite!  Even from a debt perspective I would look at a combination of Fixed Maturity Plans and good dose of gilt securities.  When interest rates come down gilt securities are bound to go up and will return good returns.  With the economy probably bottoming out, taking contrarian view and investing with a long term view will deliver good returns.  For a short term punter a straddle, i.e., buying both put and call options, may be good insurance.  One of them is bound to be a very strong winner!

Would be happy to hear views and see how some of these thoughts perform in the year to come.

BIS tag: Electronic goods importers seek further extension of deadline

January 3, 2014 by · Leave a Comment
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This article was originally posted here by RAHUL WADKE & RAJESH KURUP

Importers of electronic products have sought an extension of the January 3 deadline to comply with the Government’s safety certification norms.

Extended twice earlier, the industry is sceptical of getting another reprieve, a move that could halt the imports of these products. Read more

The great Indian sanitation crisis

January 2, 2014 by · Leave a Comment
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This article was originally posted here

New data released by the National Sample Survey Office (NSSO) have once again underlined the abysmal state of sanitation in the country, particularly in rural India where two-thirds of the country lives.

Only 32% of rural households have their own toilets, according to the recently released results of a large-scale survey conducted by NSSO in 2012. An additional 9% have access to toilets although the access figure could be an overestimate. The results of the last census had also highlighted India’s gaping sanitation deficit. Census results showed that less than half of Indian households had a toilet at home; there were more households with a mobile phone than with a toilet. Read more

Obama to nominate Indian-origin doctor as Surgeon General

November 18, 2013 by · Leave a Comment
Filed under: Uncategorized 

This article was originally posted by PTI here

A prominent Indian-origin doctor who heads a group that promotes Barack Obama’s signature healthcare law could become the next US Surgeon General with the President planning to nominate him to the top medical post.

Read more

Rising Above the Competition by Reengineering the Patient Experience

July 9, 2013 by · Leave a Comment
Filed under: Uncategorized 

The continuing influence of consumerism in healthcare coupled with the escalating focus on outcomes has produced at least one constant in the ever-evolving healthcare market: increased competition. In fact, in just about any community served by more than one healthcare provider, competition for patients is at an all-time high.
But at a time when performance, if not survival, is based on how well an organization can contain costs, how do you differentiate yourself from the competition, yet do so in a fiscally responsible way that drives down healthcare costs?

Read more

Roadshow on Investment Opportunities in Bangladesh : 10 AM – 29 June 2013 : Hotel Hilton, Chennai

June 19, 2013 by · Comments Off
Filed under: Events, Events & Updates, Events & Updates, Uncategorized 

Bangladesh India Partnership Initiatives

Investments, Trade & Business

Roadshow on Investment Opportunities in Bangladesh

Saturday, 29 June 2013: Hotel Hilton, Chennai – 10 AM

 

Bangladesh is actively looking for FDIs in several sectors such as Textile, Plastic, Light Engineering, Home Textile, ICT, Software Development, ITES, Jute and Jute Goods, Pharmaceuticals, Hospital & Medical Equipments, Tourism, Infrastructure Development, Rubber products amongst others from Bangladesh, I am pleased to inform that the Confederation of Indian Industry and the Board of Investment, Government of Bangladesh have signed a MOU to facilitate bilateral Investment and business partnerships.

This MOU signed between CII and BOI will help in future facilitation and policy redressal on investments in Bangladesh.

As a follow to this, Confederation of Indian Industry (CII) in partnership with Board of Investment, Bangladesh (BOI) and India Bangladesh Chamber of Commerce & Industry (IBCCI) is organizing Roadshows on India-Bangladesh Investment Opportunities on 29th June 2013 at Hotel Hilton, Chennai.

This initiative is being driven from the office of the Hon Prime Minister of Bangladesh. As a part of this initiative, a very High level delegation led by the Executive Chairman Board of Investment, Bangladesh along with the CEOs of leading companies with specific project proposals who are looking for Joint Ventures will be visiting Chennai on 29th June 2013. The list of the visiting delegation along with project briefs is attached for your reference.

The first component of these Roadshows will be to share information on the investment climate sectoral opportunities, investment incentives, information on policies, market practices and intelligence for investments in Bangladesh. A key and second component of the Roadshows will be to facilitate concrete Joint Ventures between Bangladesh and Indian counterparts, through prefixed one to one meetings, based on specific JV proposals by business for Bangladesh.

We are writing to request you to take advantage of this unique initiative by participating in the program and also nominating a team of senior officials from your company to participate. The Reply form is enclosed which may be used for confirmation.

Look forward to your reply at the earliest to enable us to schedule your one to one appointments with the Bangladesh delegations on a first come first serve basis.

 

Kind regards,

 

Head – Chennai Zone – CII

 

Registration Form

 

List of Bangladesh Delegates

 

iSpirt: 30 Nasscom members may have good reasons for forming the think tank

June 3, 2013 by · Leave a Comment
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Som Mittal is exasperated. Since taking over as president of IT industry body Nasscom in January 2008, he has seen smaller IT players joining the industry body in hordes.

 

So when quizzed about the recent formation of a think tank called iSpirt by some 30 software products companies that are Nasscom members, Mittal finds it difficult to hide his angst. It only intensifies at the suggestion that smaller tech companies, mainly BPOs and product firms which are part of the 1,200-plus member organisation, get a raw deal.

 

Mittal says he is “fed up” answering “silly” questions from reporters about the formation of iSpirt (Indian Software Product Industry Round Table). The 61-year-old alumnus of IIT-Kanpur and IIM-A reckons that enough has been said about the issue and now hopes wisdom prevails in the media. “I hoped it [the issue] was dead by now,” he told ET Magazine on the phone. He adds that he has made numerous statements on the issue.

 

Mittal had earlier clarified to reporters that “there was no breakaway group and no company is leaving Nasscom. Of these 30 companies, two are on our executive council and 17 are our active members. In fact, they have just renewed their membership”.

 

To a question about the alleged dominance of bigger IT companies in Nasscom, which the smaller firms resent in silence, Mittal warns against “false reporting” and insists ET Magazine prints that “the Nasscom executive council is the supreme decision-making body, not ‘the past-chairmen club’.”

 

Big Boys

Many smaller IT firms that are members of Nasscom which ET Magazine spoke to say that the executive council (EC), which comprises some 24 elected members according to information provided on the Nasscom site, isn’t the “de facto” body that calls the shots.

 

“It is, in fact, the past-chairman ‘grouping’, comprising former Nasscom chairmen, which is the ‘supreme body’ that decides everything,” says a Nasscom executive member who didn’t wish to be identified because he is not authorised to speak to the media.

 

However, a former Nasscom chairman who is also a co-founder, offers a completely different view: “As a practice, most past chairmen [some 18-odd of them] don’t participate in the EC meetings deliberately so that we don’t end up intervening in its affairs. Only five-six of us attend EC meetings. How can such a small group dominate a 20-plus EC?”

 

The New Forum

However, he concedes that software products companies may have some serious grievances. “You will hear some announcements over the next few months to fix their problems,” he said and asked not to be named.

 

iSpirt’s founding members include Bharat Goenka, co-founder of Tally Solutions; Sharad Sharma, former head of Yahoo India R&D; Naveen Tewari, founder of In-Mobi; and Vishnu Dusad, founder of Nucleus Software. A person close to the matter said the think tank was formed to protest Nasscom’s “indifference to smaller products companies”.

 

However, he added: “They have to exist in the current environment dominated by Nasscom and, therefore, they are not coming out in the open with anti-Nasscom statements.”

 

Fear Factor

Clearly, the fear is about being “boycotted by Nasscom for any open defiance,” says a Bangalore-based executive of a products company and an iSpirt member. Which is why iSpirt says on its website that it has a very focused agenda related only to software products.

 

 

Source : The Economic Times   dt February 10, 2013.

 

 

Major insurance cos refuse to include Ayush treatment in mediclaim despite IRDA order

May 31, 2013 by · Leave a Comment
Filed under: Uncategorized 

Major insurance companies in the country are refusing to abide by the IRDA order to include Ayush products and services in the mediclaim insurance policy. IRDA issued a directive in this regard sometime in last February after repeated representations from ayush industry.

 

IRDA under section 5(1) of the IRDA (Health Insurance) Regulations, 2013, had issued a notification directing inclusion of the Indian System of Medicines (ISM) in the mediclaim insurance policy. But, no insurance companies have taken steps to comply with the IRDA order so far.

 

It is understood that insurance companies across the country are citing ignorance on this matter to avoid providing coverage to the ISM sector under mediclaim policy. Ironically, the new regulation which came into force with effect from February 18, 2013, states that the insurers may provide coverage to non-allopathic treatments provided the treatment is taken in a government hospital or in any institute recognised by government and or is accredited by Quality Council of India (QCI), National Accreditation Board on Health(NABH) or any other suitable institutions.

 

However, Prabodh Shah, president, Gujarat Ayurvedic Aushadh Manufacturers Association (GAAMA), informed that most of the insurance companies in Gujarat have been claiming that they have yet not received any notification from the IRDA on this matter. “We are shocked by this attitude which constantly sidelines the interest of the ASU industry. What is more concerning is that this delay in realising our long standing demand, is resulting in undue difficulties to the patients who are keenly awaiting to utilise the benefit of mediclaim policy for ISM treatment options,” Shah pointed out.

 

He further stressed that the only way to deal with this issue is to ensure that the IRDA ensues a sensitisation drive on this issue among the insurance companies so that they may not pretend ignorance on this matter.

 

Source : Pharmabiz News dt May 29, 2013, 0800 IST

 

 

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