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Impact of GST on Indian economy

Impact of GST on Indian economy : The introduction of Goods and Service Tax (GST) in India is now on the horizon. The Constitution Amendment Bill to replace existing multiple indirect taxes by uniform GST across India is likely to be taken up for voting in Rajya Sabha during this week. Lok Sabha has already…

Inventory Management

Inventory Management Techniques that will Save You Money

Inventory Management Techniques that will save you money   Some of the most important techniques of inventory control system are: Setting up of various stock levels. Preparations of inventory budgets. Maintaining perpetual inventory system. Establishing proper purchase procedures. Inventory turnover ratios. Always Better Control (ABC analysis). ¬†Setting up of various stock levels: To avoid over-stocking…

GST Impact India India

GST IMPACT ON SUPPLY CHAIN MANAGEMENT

GST is presumed to be the next big-bang financial reform in the Indian context. It will be a boon to various industries. It is a good time for the players to restructuring their ideas with an opportunity to increase profitability which were previously unavailable. They can proactively invest to make their supply chain leaner and…