Finer Aspects of GST and what are the factors that are going to drive logistics industry

TVS Logistics (TVSLSL) was initially set up as a division of TVS & Sons and in December 2004, it took the shape of a legal entity as a separate company. TVS Logistics’ services include contract logistics,
warehousing, transportation, freight forwarding, packaging design and solutions, in-plant and aftermarket solutions, material handling, material management, free trade warehousing, infrastructure solutions, and technology logistics solutions. The firm works with multiple industries including automotive, auto engineering, IT, electronics, discrete component manufacturing, retail, FMCG, consumer durables, and chemicals.

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Pre-Engineered Buildings, Paving the Way for Future

A pre-engineered building is a metal building that consists of light gauge metal standing seam roof
panels on steel purling spanning between rigid frames with light gauge metal wall cladding. In other words, it has a much greater vertical and horizontal deflection. Pre-engineered buildings are generally low-rise buildings, which are ideal for offices, houses, showrooms, shop fronts etc. Time being the most important aspect, pre-fabricated steel structures are built in very short periods of time. Pre-engineered buildings are nothing but steel buildings in which excess steel is avoided by tapering the sections as per the bending moment’s requirement.

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Automation and Other Dynamics in Warehousing

The correct approach to plan for warehouse automation is to develop a Warehouse Strategic Master Plan (WSMP). The WSMP provides the future direction for the warehouse over a five or ten-year period. It addresses the facilities, staffing, equipment and inventory required throughout to meet the corporate business plan. The role of warehouse automation is a significant portion of a WSMP. The automation plan should be regarded as one component of a broader view and not a separate end unto itself.

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SCM: Chasing the big picture

Global dynamics and internal business process changes are compelling manufacturers and retailers to challenge the status quo and reinvent their supply chains. Visibility is gaining momentum as this enables supply chain managers to operate more efficiently and proactively, despite increased challenges.

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Nuances of supply chain

Supply Chain Management (SCM) has always been a rough task. There was a time when supply chain was
treated as a tiny part of a bigger function within the organisations and did not even exist as a separate function itself. Secondly, the representation of supply chain has never been done at the highest level in the organisational hierarchy due to which it has hardly been part of the core strategy of firms. Supply chain has always considered as a support function represented by a junior staff and a firm generally consider sourcing, finance, marketing and sales as core part of the strategy.

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Organized 3PL Gaining Steam post GST

Changing supply chain dynamics post-GST
Pre-GST most companies had their logistics networks planned around on tax structures and compliances; this is now expected to shift in favour of optimization of warehousing space and network capabilities. Driven by the need for greater efficiency, logistics networks will be designed more from a market perspective or centre of production perspective, leading to reduction in logistics cost, which is at present very high at 13% of GDP. Businesses will demand faster ways to reach raw materials to manufacturing units and from the manufacturing units to the market place. Therefore, organized 3PL players will play a key role in being able to significantly re-design the supply chain and provide solutions to their customers that will make the entire supply chain lean, responsive and agile.

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Reforms driving cost optimization in logistics

Logistics is one of the most pivotal pillars for functioning of an organisation. Further, it is a universally acknowledged fact that the cost of logistics is very high in India. Some estimates put it at about 13 percent of GDP, which is higher than the US (9) and Germany (8). A study by Assocham-Resurgent India (2016) stated that the country can save $50 billion if logistics costs reduce from 14 percent to 9 percent of GDP. Reduced logistics costs would bring down prices of products also. But the question is why it is so high?

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Catalysing the growth story of Indian logistics

Technological advancements are taking the industry by storm. Organisations are looking at more and more technological solutions to better serve their clients. So, how have you implemented technology to better streamline your logistics services? Technology has been the platform under which we have managed logistics services. It has been the foundation from the standpoint of enabling our business and has become our differentiator in the market. We have been able to provide value added solutions to our customers through the robust implementation of technology and software solutions. All vehicles operated by TVSLSL are GPS enabled, and our ERP is integrated with these GPS systems to give real time, part level, visibility to our customers.

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Poor roads breaking the pace of Indian logistics

Logistics undoubtedly plays a vital role in driving economy of the country to the next level. It is a backbone of every commercial sector as it provides efficient and cost-effective flow of goods in each and every business. Logistics industry in India is evolving rapidly as LSPs are proactively embracing technologies and improving their infrastructure with a motive to reduce cost and providing effective services to its clients.

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Indian logistics sector: Poised to grow and eliminate bottlenecks

With the ‘Make in India’ and GST centered reforms coming into force over the last two years, it is absolutely clear that OEMs will deeply partner with their logistics service partners to make their vision of growth and market share, a reality. With the government agreeing to include warehousing under the infrastructure umbrella, the logistics sector has received a much-required boost. However, this is only the beginning of the journey to make doing logistics business truly easy in India.

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