Latest news with #SCAN
Geeky Gadgets
2 days ago
- Business
- Geeky Gadgets
Say Goodbye to Complex Excel Formulas : Meet the SCAN Function
What if you could solve intricate Excel problems with a single, elegant formula? Imagine replacing a web of complex, error-prone calculations with one streamlined function that handles it all. Enter the SCAN function—a fantastic option for anyone who relies on Excel for advanced analytics. With its ability to process sequential calculations and automate workflows, SCAN transforms how users approach everything from financial modeling to inventory tracking. Whether you're calculating running totals or tackling corkscrew calculations, this tool promises to simplify your work and elevate your efficiency. It's not just a function; it's a paradigm shift for Excel users. In this exploration, Excel Off The Grid uncover how SCAN works, why it's so powerful, and how it integrates seamlessly with Excel's dynamic arrays and the LAMBDA function. You'll learn how to use SCAN for tasks like cumulative totals, iterative financial models, and even combining multiple datasets for advanced analyses. But that's not all—SCAN's ability to handle dependent, step-by-step computations opens doors to possibilities you may not have considered. By the end, you'll see why this single-cell solution is more than just a feature; it's a tool that redefines what's possible in Excel. Could this be the function that transforms your workflow? Mastering Excel's SCAN Function What is the SCAN Function? The SCAN function processes each value in an array by applying a function that combines the current value with the result of the previous calculation. It requires three key arguments to function effectively: Initial Value: The starting point for the calculation, which serves as the base for subsequent operations. The starting point for the calculation, which serves as the base for subsequent operations. Array: The dataset to iterate through, providing the values to be processed sequentially. The dataset to iterate through, providing the values to be processed sequentially. Function: The operation applied at each step, defining how the current value interacts with the previous result. This structure makes SCAN particularly useful for scenarios where each calculation depends on the outcome of the previous step. Examples include cumulative totals, iterative financial models, or any task requiring step-by-step computations. Practical Applications of SCAN The SCAN function is highly versatile and can simplify a wide range of tasks. Its ability to handle sequential calculations makes it a valuable tool for various practical applications: Running Totals: SCAN calculates cumulative sums by iterating through an array and adding the current value to the previous result. This is particularly useful for tracking progressive totals in datasets. SCAN calculates cumulative sums by iterating through an array and adding the current value to the previous result. This is particularly useful for tracking progressive totals in datasets. Corkscrew Calculations: In financial modeling, SCAN can compute closing balances for one period that serve as opening balances for the next. This iterative process is essential for accurate financial projections. In financial modeling, SCAN can compute closing balances for one period that serve as opening balances for the next. This iterative process is essential for accurate financial projections. Sequential Computations: SCAN is ideal for step-by-step calculations, such as monitoring inventory levels, cash flows, or production outputs over time. By automating these processes, SCAN reduces manual effort and ensures consistency in calculations, making it a valuable addition to Excel's toolkit. SCAN Solves Advanced Excel Problems in a Single Cell Watch this video on YouTube. Check out more relevant guides from our extensive collection on Excel functions that you might find useful. Enhancing SCAN with LAMBDA The integration of the LAMBDA function significantly enhances SCAN's flexibility. LAMBDA allows users to define custom functions tailored to specific needs, allowing more complex and adaptable workflows. Within SCAN, placeholders like 'previous' (representing the prior result) and 'value' (representing the current array element) can be used to create highly customized operations. For instance, you can define a LAMBDA function to calculate weighted averages, conditional sums, or other specialized computations. This capability simplifies complex workflows, reduces formula clutter, and allows you to reuse custom functions across multiple scenarios. By combining SCAN with LAMBDA, you can unlock a new level of precision and efficiency in your Excel calculations. Combining Arrays for Advanced Analyses SCAN's ability to process multiple arrays simultaneously adds another layer of functionality. For example, you can combine inflows and outflows into a single dataset for analysis. This feature is particularly valuable in financial and operational contexts, where multiple variables interact dynamically. By structuring data into arrays, SCAN can efficiently handle intricate relationships and dependencies. This capability is especially useful for tasks such as: Analyzing cash flow patterns by combining revenue and expense data. Tracking inventory changes by integrating stock inflows and outflows. Modeling financial scenarios that involve multiple interdependent variables. This ability to manage complex datasets within a single formula streamlines workflows and enhances the accuracy of your analyses. Integrating Built-in Functions and Simplifying Formulas SCAN works seamlessly with Excel's built-in functions, such as SUM, MIN, and MAX, allowing you to enhance its functionality without additional complexity. Additionally, SCAN supports eta reduction, which enables you to reference a function name directly without defining a LAMBDA. For example, instead of creating a custom LAMBDA for summation, you can simply use SUM as the function argument in SCAN. This feature not only reduces formula complexity but also improves readability, making it easier to understand and maintain your calculations. By using built-in functions alongside SCAN, you can achieve powerful results with minimal effort. Understanding SCAN's Limitations While SCAN is a robust and versatile tool, it does have some limitations that users should be aware of. For instance, functions like COUNT may not behave as expected because SCAN only passes two values—the previous result and the current value—into the function. This can lead to unexpected outcomes if the function relies on additional parameters or broader dataset contexts. Additionally, SCAN's reliance on sequential processing means it may not be suitable for tasks requiring non-linear or independent calculations. Understanding these nuances is crucial for effectively integrating SCAN into your workflows and avoiding potential pitfalls. Corkscrew Calculations: A Key Strength One of SCAN's standout capabilities is its ability to handle corkscrew calculations. These involve iterative processes where the result of one period directly influences the next. For example, SCAN can calculate opening balances, movements, and closing balances in a single formula. This iterative capability is indispensable for tasks such as: Financial modeling, where accurate projections depend on sequential calculations. Inventory tracking, where stock levels are updated based on inflows and outflows. Operational planning, where resource allocation depends on prior usage data. By automating these processes, SCAN eliminates the need for manual adjustments and ensures consistency across calculations, making it an invaluable tool for professionals in finance, operations, and beyond. Media Credit: Excel Off The Grid Filed Under: Guides Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Zawya
3 days ago
- Business
- Zawya
Nigeria: B'Odogwu facilitates $144mln revenue for PTML Customs in eight months
The Unified Customs Management System also known as B'Odogwu has facilitated N230billion revenue at the Ports and Terminal Multiservices Limited (PTML) Command since its commencement in October 2024. The Customs Area Controller (CAC), of the Command, Comptroller Tenny Daniyan, who disclosed this during a courtesy visit by the Shipping Correspondents Association of Nigeria (SCAN) described B'Odogwu as a Nigerian digital technology that has come to change the narrative in Customs operations. He acknowledged that the new technology was not without challenges, but noted that over 90 per cent of the challenges have been resolved. 'PTML being the pilot command of the platform, I will say that over 90 percent of the challenges that will be envisaged in other areas are been resolved here. So going to TINCAN and going to APAPA, they won't be any technical issue. Yes, they may have stakeholder issues. Either those that refuse to come into the platform or those are not bringing good declarations. This is because B'odogwu is a more robust and more secure platform with some AI features that can help you to do a proper classification of things. and has some features that is not in NICIS, ' he said. Comptroller Daniyan commended the Comptroller-General of Customs, Adewale Adeniyi for having the confidence to go ahead with the initiative, which he said has today become the pride of Nigeria and Nigerians. Daniyan said 'B'Odogwu is working and its working for us, we have realised over N230 billion so far on the platform. If its not working with you, it means you are not doing the right thing. 'Now, we can only say, 'Yes, this is our baby'. It's our baby because we don't need a third party to do anything for us. It is fully Nigerian, unlike the Nigeria Integrated Customs Information System (NICIS) when you have issues you will have to translate and then send to a foreign country before the problem can be solved. 'All this could not have happened without the must acknowledge that he is a man of vision. He is a man that wants to leave his footprints in the sands of time. He's a man that has a goal. 'He sees custom, not of today, but of the future. And he feels that, how do we save the Nigerian government huge amount of money that is going to foreigners. 'This means that Customs is not only helping Nigeria to realise money, but also save money,' he said. Speaking earlier, the president of SCAN, Moses Ebosele commended the CAC for his open-door policy and thanked him for the cordial relationship between PTML Customs Command and journalists.
Yahoo
16-05-2025
- Entertainment
- Yahoo
2025 SummerSupperSomm
22 Heirloom Tomato and Virginia Wine Dinner Celebrations Across the South and Virginia Wine Country RICHMOND, Va., May 16, 2025 /PRNewswire/ -- SummerSupperSomm, the acclaimed experiential dinner series, returns for the fifth year with its most ambitious season yet--22 unique heirloom tomato and Virginia Wine dinner celebrations--spanning from the Lowcountry of South Carolina to the mountains of Southwest Virginia. Hosted at leading restaurants and Virginia wineries from June 30 through August 25, the series celebrates local food, spirits and community with collaborative multi-course dinner experiences that offer sustenance for body, mind and soul. Between courses, diners will hear interesting stories on heirloom history and botanical trivia (with prizes!) interwoven with tasting notes on lush wines and tomato-inspired dishes. This year the series expands with support from The Virginia Wine Board to include six leading Virginia wineries across the state. 13 favorite returning restaurants plus nine new venues offer many of the most talented chefs in the region, vying to present their most unique flavors, over a scant 8 weeks spanning prime tomato season. Created and curated by David and Barbara Hunsaker of Village Garden RVA, SummerSupperSomm is a roving celebration of flavor, fun and fellowship. Events feature pairings from many of Virginia's finest wineries and beautiful specimen heirlooms from the Hunsaker's more than 400 varieties. For the first time, the series will feature its first cidery dinner at Troddenvale in Warm Springs, and the 100th SummerSupperSomm dinner celebration will be held at Barboursville winery on August 1. Noted local artist Molly Reeder was commissioned to create the artwork to promote this year's series, which will be sold to raise funds for the series' adopted charity, Greater Richmond SCAN (Stop Child Abuse Now). Since inception, the series has raised over $10,000 in support of SCAN's mission to aid children in need. Village Garden RVA and the Ashland Feed Store also collaborate to plant and tend the gardens at SCAN's Circle Pre-School. "This year's lineup is a chef and diner's dream, a true journey across the flavors of the South's most beloved heirlooms, paired with wines selected from Virginia, home of Wine Enthusiast's Wine Region of the Year," said co-creator and farmer Barbara Hunsaker. "From coastal kitchens to mountaintop vineyards, each event is a celebration of nature's bounty, with keen glimpses of the storied path of humble fruits from their wild origins to the centerpiece of 5 star meals," said David Hunsaker. Join the celebration. View the full schedule and event details and follow the series on @SummerSupperSomm and @villagegardenrva on Instagram. Reservations, menus and fees are available by contacting the venues directly, or by visiting their reservation links as they are posted. Most events sell out quickly. About SummerSupperSomm Founded in 2021 by farmers David and Barbara Hunsaker of Village Garden RVA and sommelier/author Jason Tesauro, SummerSupperSomm is a unique dinner experience uniting chefs, farmers, winemakers and guests in an adventurous collaboration that explores food and food history from foraged, to farmed, to graceful presentation and luscious flavors, all amid exotic fruit specimens and beautiful fresh-picked decor. Greater Richmond SCAN operates a host of programs with a mission to prevent and treat child abuse and neglect throughout the Greater Richmond area by protecting children, promoting positive parenting, strengthening families, and creating a community that values and cares for its children. View original content to download multimedia: SOURCE Virginia Wine Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
05-05-2025
- Health
- Forbes
Healthcare's Innovation Problem: We're Rebranding The Past And Calling It Progress
In healthcare, what's often hailed as groundbreaking is, in reality, a repackaging of ideas we've seen before. Over the past two decades, I've watched healthcare's innovation cycle become increasingly dominated by hype. We celebrate new terminology, fresh branding, and bold claims. Yet, beneath the surface, many of these 'new' solutions are iterations—or direct descendants—of approaches pioneered decades ago. That's not a criticism. It's a call to humility. Take the much-discussed concept of social determinants of health. Over the past few years, the healthcare industry has collectively woken up to the idea that housing, nutrition, transportation, and social support impact health outcomes. You'd be hard-pressed to attend a conference or read a whitepaper that doesn't mention this concept. But here's the truth: we've been here before. In the 1980s, SCAN—then a fledgling health plan—was a lead participant in the Social HMO demonstration project, a Medicare-funded initiative that integrated medical care with social supports. The idea was simple but powerful: that care doesn't stop at the clinic door. Participants received benefits like homemaker services, personal care, adult day care, respite services, and medical transportation. These interventions weren't framed as 'social determinants'—but they were exactly that. We had a name for it then, too: common sense. Or consider value-based care. It's heralded as a transformative movement in healthcare—a shift away from volume and toward value. But again, this isn't new. Organizations like Kaiser Permanente, Healthcare Partners, CareMore, Atrius Health, and Heritage have been operating under full-risk and global capitation models for decades. They didn't just talk about accountability—they owned it. They took financial and clinical responsibility for patient populations, investing in care models that emphasized prevention, coordination, and personalization. The principles of value-based care aren't novel. The label is. And what about ethnic-focused health plans—a 'new' trend in culturally competent care? Again, the industry is rediscovering what others have quietly mastered for years. Plans like the Chinese Community Health Plan, Central Health Plan of California, and Brand New Day were designed from the ground up to serve specific populations, offering linguistically appropriate services and culturally attuned care models. They were responding to unmet needs. The point isn't to diminish today's efforts—it's to root them in reality. Because here's the danger: when we erase history in the name of innovation, we lose the lessons that history has to offer. We lose sight of what's been tried, what's worked, what's failed, and—most critically—why. We risk repeating mistakes not out of malice or ignorance, but out of amnesia. Healthcare doesn't suffer from a shortage of ideas. It suffers from a shortage of execution and institutional memory. The most important breakthroughs don't come from pretending we're starting from scratch; they come from building on what already exists—with humility, discipline, and relentless improvement. That's why I believe healthcare's true innovators are not always the ones with the slickest pitch decks or the most followers on X. They're the ones doing the hard, unglamorous work of refining, iterating, and executing better than those before them—because they studied those who came before them. To move healthcare forward, we must respect where we've been. We must stop fetishizing novelty and start celebrating progress—however incremental it may be. Innovation isn't about renaming the past. It's about improving on it. So the next time you hear someone claim they're the first to do something in healthcare, ask them to name their predecessors. If they can't, be skeptical. Because in this business, those who ignore history aren't just doomed to repeat it—they're doomed to think they're innovating when they're simply rebranding. And in healthcare, where lives and livelihoods are at stake, that's not just a missed opportunity—it's a serious liability.
Fibre2Fashion
23-04-2025
- Business
- Fibre2Fashion
Cotton Club (BD) boosts profits with Coats Digital's GSDCost
Coats Digital is delighted to announce that one of Bangladesh's leading garment manufacturers Cotton Club (bd) Ltd., has reduced the time it takes to produce its core styles by 25.6%, resulting in a productivity increase of 5% since its adoption of GSDCost in August 2021. The company has subsequently increased its profit margins by a staggering 0.45 million USD annually as a result of a 90 percent increase in costing accuracy; a reduction in material wastage of 10 percent; a decrease in unnecessary overtime costs of 8 percent and an increase in on-time delivery performance (OTDP) of 7 percent. The company has also been able to confidently take on more varied and complex, new order requests since the GSDCost implementation, whilst significantly enhancing customer loyalty at the same time. Cotton Club (BD) Ltd boosted productivity by 5 per cent and improved SMVs by 25.6 per cent after adopting Coats Digital's GSDCost. With a 90 per cent increase in costing accuracy, it reduced overtime and material waste, raised OTDP by 7 per cent, and added ~$0.45 million to annual profits. The tool also enhanced communication, planning, and capacity to handle complex orders. Founded in 2006, Cotton Club (BD) Ltd. is a premier composite garment manufacturer in Bangladesh, dedicated to delivering innovative, high-quality garments worldwide. The company operates a vertically integrated operation which includes all knitting, dyeing, cutting, printing, embroidery, and sewing & finishing processes. Cotton Club (bd) consists of four companies, including Cotton Clout (BD) Ltd., Tropical Knitex Ltd., and Cotton Clothing (BD) Ltd., which specialises in knitted items for all ages and underwear production. The company employments a 15,000 strong workforce, operates 6,800 sewing machines ,boosts an annual turnover of 268 million USD and is targeted to reach 300 million this fiscal year. Its customers include: Kiabi, Inditex Brands , Primark, Kontoor Brands, Kohls, Target USA, Ernsting Family, Bon Prix, Being Human and Forever 21, among many others. In 2023, Cotton Club (BD) expanded its operations with a state-of-the-art seamless garment manufacturing facility in Gazipur, Bangladesh, to ensure stringent, quality control measures are applied at every stage of the manufacturing process to meet the highest possible standards. The 260,800 square feet manufacturing facility is consequently equipped with advanced technology, ensuring that it consistently meets the latest industry and environmental demands. As a result, it has achieved the following certificates and accreditations: BSCI, WRAP, SEDEX, SCAN, ICS, Better work, GOTS & OCS, GRS & RCS, European Flax, and is ISO 14001:2015, COC, LEED (Gold) Certified. Before adopting GSDCost, Cotton Club (bd) Ltd. relied on outdated historical data spread across multiple Excel spreadsheets for cost and capacity forecasting. These manual processes made it difficult to update information in real time across costing, capacity planning, and manufacturing teams, leading to inefficiencies and costly errors. Without accurate Standard Minute Values (SMVs) to determine Cost to Make (CM) production times, the company struggled with poor costing visibility and unreliable capacity planning. This often resulted in last-minute realisations that production floor capacity was insufficient, leading to missed delivery deadlines, increased overhead costs, and customer dissatisfaction. At the same time, the lack of accurate data caused Cotton Club to turn down new business opportunities, mistakenly believing it lacked the resources to fulfil them—when, in reality, it had the capacity to take on more orders. These challenges created significant workflow disruptions, making it difficult to manage short lead-time orders and maintain a smooth, efficient supply chain. Md. Zubayer Mondol, Director & Owner, Cotton Club (bd) Ltd. said: 'Running a factory without accurate costing and capacity data is like flying blind. Before GSDCost, we relied on outdated spreadsheets that gave us no real-time visibility. We were making big decisions based on guesswork, which sometimes meant we turned away orders we could have handled or, worse, overcommitted and had to scramble to meet deadlines. This led to costly overtime, missed delivery dates, and frustrated customers. It was a constant struggle to balance efficiency with profitability." Since adopting GSDCost, Cotton Club (bd)has seen significant improvements across its whole operation. By successfully establishing international standard time benchmarks based on standard motion codes and predetermined times, the sales, costing, planning and manufacturing teams at Cotton Club have been able to communicate seamlessly using the same language, based on a scientific method for correctly analysing manufacturing costs. Md. Zubayer Mondol, Director & Owner, Cotton Club (bd) Ltd said: " Coats Digital's GSDCost Software has significantly improved the accuracy of our work measurement, ensuring that we can track projects with precision. Its features have streamlined our workflows, making operations more efficient. As a result, we've seen better cost control.' Coats Digital's GSD Cost method analysis and pre-determined times solution is widely acknowledged as the de-facto international standard across the sewn products industry. The solution supports a more collaborative, transparent and sustainable supply chain, in which brands and manufacturers establish and optimise 'International Standard Time Benchmarks' using standard motion codes and predetermined times. This use of a common language and standards supports accurate cost prediction, fact-based negotiation, and a more efficient garment manufacturing process, while concurrently delivering on CSR commitments. Golam Mahbub Sikder, Customer Success Manager, Coats Digital said: 'We are absolutely thrilled to see Cotton Club achieve such outstanding results with GSDCost. The company's remarkable improvements in efficiency, cost accuracy, and profitability highlight the vital role of scientifically backed, data-driven solutions in today's fashion industry. With growing pressure to produce complex styles faster while maintaining competitive pricing, manufacturers must embrace digital transformation to stay ahead. Cotton Club has done exactly that—enhancing capacity planning, streamlining costing, and boosting production efficiencies to become a more agile, competitive, and future-ready business. We are proud to be playing such an important role in Cotton Club (bd)'s digital transformation journey and look forward to supporting its continued success.' Key Benefits and ROI for Cotton Club (bd) Ltd. Costing accuracy increased by 90% Core style Improvement of SMVs of 25.6% Increased productivity by 5% Reduction in overtime costs of 8% Reduction in material waste of 10% Increase in OTDP by 7% Annual profit increase of 0.25 million USD Improved profit margin at product costing Enhanced communication between management and team members Increased team members' earning capacity with realistic productivity bonus system Ability to deal with complex orders Fact-based stable manufacturing costs Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
