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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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Procurement

Top 5 reasons to use formal credit for steel procurement

How does the choice of credit impact steel procurement for MSMEs? Why is formal credit a smarter option than informal borrowing? Steel is a recurring, high-value expense, and the way it is financed shapes cash flow, compliance, and supplier trust. This blog outlines five key reasons why MSMEs should utilise formal credit, including predictable cash cycles, GST-linked savings, government compliance, strengthened distributor ties, and growth support through guarantee schemes.

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Logistics

Logistics

Relationship between shipping and delivery: Meaning, delivery policy

The terms ‘shipping’ and ‘delivery’ are often mistakenly used as if they mean the same thing. Yet, they represent different stages in the journey of a product from seller to customer. As more businesses transition to online platforms, understanding these differences becomes increasingly crucial. In this article, we take a...

Logistics

What is FCR in shipping? Full form, features, functions

FCR is a shipping term important for exporters and freight forwarders. FCR is a document that signifies the receipt of goods by the freight forwarder from the exporter. This document provides details of the number of packages, details of the goods being shipped, name and address of the buyers, etc.

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Business Loans
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Procurement

Why British Steel Is Struggling and Why India Should Care

British Steel’s 2025 crisis—marked by mounting losses, a failed bailout, and emergency UK government takeover—signals deeper issues of energy costs, foreign ownership, and global overcapacity. While the crisis may seem distant, it holds real implications for Indian MSMEs, especially those involved in steel supply, logistics, and public procurement via platforms like GeM, eProcure, and TReDS. The disruptions could trigger price volatility, project delays, and sourcing challenges. As India expands its infrastructure ambitions, the British Steel fallout offers both a warning...

Last updated on: Jun 9, 2025

Ananya Mittal

Logistics

What are Giffen Goods? Examples, comparison, and the logistics need

When demand rises with price, it’s not magic — it’s Giffen economics in action. From staple food shifts in rural India to strategic procurement in steel, this article demystifies Giffen goods and equips MSMEs with insights to navigate price shocks and demand anomalies. Learn why these rare economic behaviours matter for your business strategy, stocking, and public tenders as well as logistics.

Last updated on: Jun 9, 2025

Ananya Mittal

Procurement

Electric Arc Furnaces: EAF Process, Cost & ROI for Smarter Steelmaking

Electric Arc Furnaces (EAFs) offer Indian MSMEs a cleaner, cost-effective alternative to traditional steelmaking. Compact, modular, and scrap-based, EAFs reduce emissions, cut power bills, and meet rising compliance standards. With growing demand from tenders and government support through GeM, eProcure, and TReDS, EAFs are fast becoming a strategic upgrade—helping MSMEs stay competitive, future-ready, and environmentally aligned.

Last updated on: Jun 9, 2025

Ananya Mittal

Procurement

Carburizing: Process, Types, Applications & Benefits

Carburizing is a time-tested surface-hardening technique that infuses carbon into steel to enhance surface hardness while preserving core toughness. Widely used in automotive, construction, and manufacturing sectors, it improves part durability, wear resistance, and performance under stress. This article explores key carburizing methods — pack, gas, liquid, and vacuum — along with the step-by-step process, suitable materials, industrial applications, and quality control measures. For MSMEs, carburizing is a strategic investment that extends component life, reduces costs, and boosts reliability —...

Last updated on: Jun 9, 2025

Ananya Mittal

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