Logistics Industry and Supply Chain Solutions: The new metamorphosis

Started as a niche concept in military, supply chain or factory management has evolved into a core business milieu today. It is not surprising either that e-commerce and IoT are playing a crucial role in shaping the modern logistics management. KPMG in one of its reports stated the value of warehousing industry towering at 56,000…

5 Ways to upgrade your supply chain planning

Find out why adding new technology for technology’s sake is not the answer to solving your supply chain planning. And how integrated digital planning could be. For many organizations, the promise of new technology and digital holds great appeal. However, leveraging technology alone is not sufficient to set you up in the digital journey of…

Effective spare parts management and services are crucial for optimization, success

Effective Spare parts management of parts inventory can bring companies enormous costs savings and, in addition, bring great benefits. Therefore, it definitely pays to look critically at all the inventory processes and see where improvements can be made. Our experience is that many companies underestimate this and do not realize they can achieve great benefits…

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BEST PRACTICES FOR IN-PLANT LOGISTICS EFFICIENCY

Best practices for In-plant Logistics efficiency Industrial companies must eliminate waste in manufacturing to become more efficient and to achieve a reduction in costs. We have seen in many cases where the manufacturing units go into losses if they are not able to eliminate wastage well within time. As a result, many industrial companies implement…

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Don’t let a supply chain control your business

Don’t let a supply chain control your business In the past 25 years, major original-equipment manufacturers around the world have shifted to the Japanese tiered approach to supply chains. They’ve radically reduced the number of suppliers that they directly manage and off-loaded responsibility for supervising the rest, along with the task of building major subsystems,…

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GST IMPACT ON VARIOUS SECTORS

GST IMPACT ON VARIOUS SECTORS – A BREAK DOWN GST is all set to be rolled out after 17 years since it was first proposed. The much talked about ‘One nation one tax’ GST has been implemented in the country from midnight on June 30., just enough to make it a strong contender for news…

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GST Impact on Logistic Sector in India

GST Impact on Logistic Sector With the introduction of the Goods and Services Tax (GST) from July 1, 2017, inter-state transportation of goods would become more efficient. And among all, the logistics sector, comprising inbound and outbound segments of manufacturing and services supply chains, is likely to get the much-needed boost. Logistics companies in India…

Impact of GST on FMCG Sector

Impact of GST on FMCG Sector

Impact of GST on FMCG Sector The most visible impact of GST would be on the warehousing strategy of FMCG companies. The 3 lakh crore Fast Moving Consumer Goods (FMCG) industry in India is one of the major contributor to the state exchequer in excess of Rs 40,000 Crores. GST is the biggest tax reform…

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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…