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…

Thirdparty(3pl) (4)

Using Third Party Logistics (3PL)

Third-party logistics (3PL) is a common practice for supply chain management in which a company outsources logistics functions to another company. The functions that are outsourced vary from company to company, but usually include one or more of the following: Inbound freight Customs and freight consolidation Warehousing Order fulfilment Distribution Management of freight to customers.…