{"id":1546,"date":"2017-08-28T17:34:43","date_gmt":"2017-08-28T17:34:43","guid":{"rendered":"https:\/\/swaritadvisors.com\/?p=1546"},"modified":"2020-12-17T18:12:28","modified_gmt":"2020-12-17T12:42:28","slug":"gst-impact-on-supply-chain-management","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/gst-impact-on-supply-chain-management\/","title":{"rendered":"GST Impact on Supply Chain Management"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A Supply chain is the network of all the organization&#8217;s, individuals, resources, activities &amp; technology involved in the creation and sale of product starting from the delivery of raw material from the supplier to the manufacturer, though eventually its delivery to the end consumer. In this article, we will discuss\u00a0the GST Impact on Supply Chain Management?<\/p>\n\n\n\n<p>In today\u2019s competitive world it is one of the deceive elements that determine that the business will survive or not in the long run.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2fb48a99b14\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2fb48a99b14\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/gst-impact-on-supply-chain-management\/#An_organizations_supply_chain_strategy_is_mainly_dependent_basically_on_four_factors\" title=\"An organizations supply chain strategy is mainly dependent basically on four factors:\">An organizations supply chain strategy is mainly dependent basically on four factors:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/gst-impact-on-supply-chain-management\/#Impact_of_GST_on_the_supply_chain_management\" title=\"Impact of GST on the supply chain management:\">Impact of GST on the supply chain management:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/gst-impact-on-supply-chain-management\/#Benefits_of_GST_on_Supply_Chain_Management\" title=\"Benefits of GST on Supply Chain Management:\">Benefits of GST on Supply Chain Management:<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/gst-impact-on-supply-chain-management\/#Tailor-made_supply_chain\" title=\"Tailor-made supply chain\">Tailor-made supply chain<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/gst-impact-on-supply-chain-management\/#Better_Inventory_Management\" title=\"Better Inventory Management\">Better Inventory Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/gst-impact-on-supply-chain-management\/#A_decrease_in_the_cost\" title=\"A decrease in the cost\">A decrease in the cost<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_organizations_supply_chain_strategy_is_mainly_dependent_basically_on_four_factors\"><\/span>An organizations supply chain strategy is mainly dependent basically on four factors:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Organizations internal policy<\/li><li>Market conditions<\/li><li>Competitive factors<\/li><li>Government policies and regulations<\/li><\/ul>\n\n\n\n<p>Supply chain management helps the business to simplify its operations, to maximize satisfaction to the end consumer and also provide a competitive advantage in the fast-growing dynamic market. It strategies is the backbone of every business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_of_GST_on_the_supply_chain_management\"><\/span>Impact of GST on the supply chain management:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The structure of the supply chain is influenced by the direct taxes levied at different states at differential rates of taxes on the basis of a location of the businesses. However, due to the introduction of GST, the multiple state taxes are eliminated and a uniform tax rate is introduced which will enable the business to consolidate the warehouses instead of maintaining one in each state.<\/li><li>There will be cost savings as a result of GST. The cost savings can be effectively used as a further investment.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_GST_on_Supply_Chain_Management\"><\/span>Benefits of GST on Supply Chain Management:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tailor-made_supply_chain\"><\/span>Tailor-made supply chain<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Under the <strong>GST regime<\/strong>, the manufacturer can move towards customized supply chain models that suit the customer requirements and also fulfill the supply chain requirement of the organization.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Better_Inventory_Management\"><\/span>Better Inventory Management<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><a href=\"https:\/\/swaritadvisors.com\/gst-registration\" class=\"text-primary\">GST<\/a><\/strong> enables elimination of multi-state taxes and provides a gateway towards optimizing the stock points the reduce the channels of inventories. Due to a decrease in the channel of inventories, the lead time will be reduced resulting in a few transits stays and will be helpful in inefficient warehouse management.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_decrease_in_the_cost\"><\/span>A decrease in the cost<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Post-implementation of GST, the organization operating undersupply chains will be benefited throughout state purchases and a decrease in the logical cost due to uniform rates of taxes. Thus the manufacturer will get an opportunity to expand its business beyond the limitation of the state.<\/p>\n\n\n\n<div class=\"read\"><p><b>Also, Read:<\/b> <mark><a href=\"https:\/\/swaritadvisors.com\/learning\/gst-hacks-for-startups-freelancers\/\">GST Hacks for Startups &amp; Freelancers<\/a><\/mark>.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Supply chain is the network of all the organization&#8217;s, individuals, resources, activities &amp; technology involved in the creation and sale of product starting from the delivery of raw material from the supplier to the manufacturer, though eventually its delivery to the end consumer. In this article, we will discuss\u00a0the GST Impact on Supply Chain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[286],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/1546"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=1546"}],"version-history":[{"count":5,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/1546\/revisions"}],"predecessor-version":[{"id":17966,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/1546\/revisions\/17966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/1548"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=1546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=1546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=1546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}