Ven­dor-man­aged in­ven­to­ries need to be tested

Cargo Talk - - Report -

It is be­lieved that check posts will van­ish with GST. This will be a ben­e­fit for trans­porters as the over­all turn­around time will re­duce, lead­ing to an in­crease in prof­itabil­ity, which in turn would lead to bet­ter qual­ity ve­hi­cles and driv­ers. The other im­por­tant im­pact of GST is that there will be a bet­ter match of sup­ply to de­mand be­cause in­ven­to­ries at sev­eral lo­ca­tions will start con­sol­i­dat­ing. Also, ven­dor man­age­ment of in­ven­tory as a con­cept has not yet been fully re­alised. The new GST regime will en­cour­age the im­ple­men­ta­tion of ven­dor­man­aged in­ven­tory.

Arif A Sid­diqui Founder Di­rec­tor, Coign Con­sult­ing

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