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BLUE OCEAN LAUNCHES VAT TRAINING

GCC Market Corrections and New Employment Opportunities Ahead

Dubai : Blue Ocean, the region’s largest knowledge empowerment enterprise, has launched comprehensive training programmes on “Value Added Tax : Implications, Challenges & Roadmap” for  procurement and finance professionals as GCC countries prepare to  introduce VAT on all goods consumed from January 1, 2018.

While VAT is at work in 140 countries in the world and for decades, GCC countries are still grappling with its introduction and implications. The last quarter of 2017 and 2018, promises to be a trying time for the economy as the GCC countries are thrown into a state of flux, while businesses evaluate and implement VAT.

Value Added Tax is a consumption tax levied on end users, it’s optional and is only applied when some value is added. Blue Ocean training programmes are focused on four key areas : Understanding VAT, VAT Accounting, VAT Challenges and VAT Implementation.

Mr. Rehaan Ali Khan, Blue Ocean VAT trainer explained at a recently held Blue Ocean workshop : “The introduction of VAT will result in a change in the reins of power and expected market shakeouts. It will present an interesting learning curve allowing market corrections and new employment opportunities.”

 In the GCC every member state is coming up with a strategic programme like Vision 2030 or 2021 and VAT is expected to contribute 1.5 per cent to the GDP of the economies. A serious challenge awaits businesses operating in multiple GCC countries while understanding implementing and synchronizing business objectives.

Dr. Sathya Menon, Academic Director, Blue Ocean Academy said: “VAT implementation in GCC countries is an interesting and new phenomenon. Businesses are facing multi-dimensional challenges ranging from delayed legislation announcement to expected disruption in a number of business areas. In absence of clear guidelines and in-house expertise, the learning requirement in this area has increased manifold.”

Fundamentally, VAT is considered an accounting issue but not when it is being implemented for the first time. Every area of business, stakeholder, supply chain, competitors and customers has some impact.

“Blue Ocean VAT training programmes have been designed with a special focus on one of the most vulnerable areas expected to be affected during VAT implementation: Procurement.  A radical realignment will be required to manage a floodgate of challenges both in terms of legal issues and processes resulting from VAT implementation in,” explained Mahendra Yadav, VAT Training consultant with Blue Ocean Academy.

Introduction of VAT needs a realignment of business processes to keep them working efficiently, develop a robust accounting model with inherent characteristics of agility to successfully respond to the learning curve which the system will undergo. Therefore all top notch professionals ranging from CEOs, CFOs, Finance Directors, Finance Managers,  Tax and Audit Managers, IT Managers, Sales, Marketing,  Procurement and Supply Chain staff need to be trained and sensitized about VAT.

“Blue Ocean VAT training programmes have been designed with a special focus on one of the most vulnerable areas expected to be affected during VAT implementation: Procurement.  A radical realignment will be required to manage a floodgate of challenges both in terms of legal issues and processes resulting from VAT implementation in,” explained Mahendra Yadav, VAT Training consultant with Blue Ocean Academy.

For more course details and seat booking, pls contact Mahendra Yadav or mail to Mahen@blueoeanacademy,com.

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For further queries on Blue Ocean Academy press releases

Pls contact :

Debasree Banerjee

Corporate Communications Manager

0501416435; Debasree@blueoceanacademy.com

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Free Workshop on Impact of VAT on Procurement & Supply Chain

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Blue Ocean Bags The Golden Globe Tigers Award 2017

Blue Ocean the region's largest knowledge empowerment enterprise bagged the prestigious Golden Globe Tigers Award 2017 at a glittering award ceremony held in Pullman City Centre Kuala Lumpur, Malaysia, for being the "Best Training Initiative in Logistics and Supply Chain 2017 (Excellence in Training and Development ) on April 24, 2017..Blue Ocean is the pioneer of Logistics and Supply Chain training in Middle East and South Asia and has blazed a trail of success in the last two decades. It stands on an enviable reputation built on internationally affiliated training courses, a network of world class trainers and the trust of corporate clients.

Dr. Sathya Menon who received the award for his iconic contribution to the field of Logistics training in the Middle East said : "Global awards are an endorsement of Blue Ocean's presence as market leaders in the international training industry particularly logistics.The Golden Globe Tigers Award 2017....vindicates Blue Ocean stand as a world class professional education enterprise ..."

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BLUE OCEAN STRIKES STRATEGIC PARTNERSHIP WITH UK-BASED ILM TO GROOM FUTURE INDUSTRY LEADERS

Dubai : Blue Ocean, the region’s largest professional knowledge empowerment enterprise has forayed into leadership management training striking a strategic partnership with the prestigious Institute of Leadership Management (ILM), UK.

The Institute of Leadership & Management (ILM) is Europe’s leading management training organisation and is partnering with Blue Ocean to spark professionals, transforming them into innovative and skilled leaders.

Blue Ocean students can now join the largest awarding body for leadership and management qualifications in the UK. Blue Ocean’s training for ILM certifications will be available at its public batches as well as corporate training programmes across the Middle East : UAE, Qatar, Kingdom of Saudi Arabia, Bahrain and Oman.

“We would strongly encourage anyone in a position of leadership or management to consider taking an ILM qualification. By investing in management development, organisations can ensure that their leaders are confident in their abilities and able to lead employees through the challenging times ahead. Nurturing effiective leaders through management development is the single most cost-effective investment,” said Dr. Sathya Menon, Academic Director, Blue Ocean Academy.

ILM-Blue Ocean certifications are designed to help managers increase staff efficiency and motivation, ensuring that their businesses run at an optimum level of productivity. Training courses are tailored to the needs of individual organisations and their managers.

From industry-leading qualifications and membership services to specialist learning resources Blue Ocean- ILM products and services are built on in-depth research and benchmarked against best practice standards. Supporting a fast-growing community of practising leaders and managers, ILM’s membership services are designed to provide ongoing continuing professional development throughout every stage of a manager’s career.

Backed by an in-depth programme of thought leadership research, ILM-Blue Ocean programmes are set to empower professionals by improving leadership and management skills, knowledge and outputs across all sectors, from corporate finance to the armed forces. (Ends)

For further information please contact Mr. Ahmad Mustafa @ 00971505658508 or Ahmad@blueoceanacademy.com.

Blue Ocean Partners With CIPS

Blue Ocean Partners with the Prestigious CIPS to Raise the Bar of Procurement Professionals

Training and Certification Programmes to Reach Out to MENA region

Dubai : In a strategic partnership, Blue Ocean, the region’s largest knowledge empowerment enterprise has joined hands with the Chartered Institute of Procurement and Supply (CIPS), UK, to train and certify procurement professionals in the Middle East.

The partnership comes at a time when the importance of the procurement function has risen in prominence in a highly competitive global environment. With the supplies of critical commodities becoming more expensive, procurement professionals worldwide are playing a critical role in strategizing and mitigating these risks. In the Middle East too, As UAE races to become the logistics hub of the world, knowledge and technology is proving to be a key driving factor for success along with training and strategy.

Blue Ocean has for long played a key role in bridging the gap between the infrastructure and knowledge in the region and has now been approved as a study centre for prestigious CIPS training and certifications. In the future, Blue Ocean will also act as an exam centre for CIPS.

“I am delighted to welcome Blue Ocean Academy as a CIPS study centre in the Middle East. They have a track record of providing quality education here in the MENA region and will provide an additional outlet to those looking to achieve globally required procurement qualificications, “ said Sam Achampong, FCIPS, Regional Director, CIPS, Mena.

Kurt Warren Chairman Fellows Committee, CIPS, Mena Region while launching the Blue Ocean- CIPS programme at the Grand Excelsior Hotel recently said : “the procurement and supply profession is one of the fastest growing and most sought after professions. The introduction of procurement and supply professionals taking their place in the boardroom, as Chief Procurement Officer or Chief Supply Officers is indicative of its importance globally."

“Blue Ocean Academy has been a provider of Procurement and Supply Chain qualifications for many years. I know first hand how professional they are at delivering training. I am delighted to welcome Blue Ocean Academy, as an approved study centre for to deliver CIPS qualifications. This is in recognition of their ability to provide first class training in procurement and supply chain,” Kurt Warren added.

Talking at the launch of the programme, Warren urged the procurement fraternity : “You have chosen to take this opportunity to enhance your procurement and supply chain knowledge. Over the next few months you will learn from qualified CIPS professionals, who will not only teach you the CIPS curriculum, they will draw upon their knowledge and experience. Enjoy every minute of your training and studying. The journey will be rewarding, providing you with the foundations to build upon and eventually reach MCIPS status, a globally recognized procurement and supply qualification.”

Until recently, procurement was a necessary, but seldom celebrated, component of multinational corporations. But times have changed: These days, procurement organizations within companies are playing pivotal roles in the success of global firms in ways that old-fashioned purchasing managers could never have imagined.

“Training, technology and certifications have therefore become crucial factors in the corporate word,” explained Dr. Sathya Menon, Program Director, Blue Ocean –CIPS. Armed with CIPS certifications, Blue Ocean can now reach out to its large procurement fraternity, endorsing their knowledge and skills through advanced certifications from the prestigious CIPS.”

Blue Ocean is also reaching out to other Middle East countries like KSA, Qatar and Oman with the purpose of upgrading the skills of the procurement fraternity and raising the bar of the certified professionals, through advanced CIPs certifications.

(Ends)

For further details on CIPS, pls contact Dr. Sathya Menon @ 050 4720562