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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond
Shortlisting a PEB vendor is easier when inputs, drawings, and responsibilities are fixed early. Use this guide to prepare a clear RFQ, check design basis assumptions, review GA drawings and anchor bolt plans, and match BOQ with BOM. Compare coating specs, erection readiness, and dispatch sequencing before issuing a PO. The checklist helps MSMEs reduce delays, avoid scope disputes, and select a manufacturer that can deliver on site, on time.
Calculating the inventory turnover ratio is essential for all businesses that deal with inventories. The ratio indicates the performance of the inventory function which is directly linked to sales. With improvement in the inventory management ratio, a business can maximise sales and achieve greater heights. Read on to know more.
Timely deliveries of goods and services is extremely important for achieving customer satisfaction. If you are facing delay in deliveries, you need to find out the lead time, areas of improvement and ways to improve the lead time. Here is how you can do it.
Recently, numerous companies have reported receiving an unusually high number of GST notices. This surge arises from two primary reasons: systemic glitches and compliance errors. Frequent mismatches in invoice details, inaccurate Input Tax Credit (ITC) claims, delayed or incorrect filings, and confusion over evolving GST rules contribute significantly. Additionally, limitations and technical gaps within the GST portal itself amplify this issue, causing unnecessary scrutiny and inconvenience.
Many steel buyers unknowingly make costly procurement mistakes that lead to overpriced contracts, supplier issues, and quality risks. This guide highlights the biggest steel buying errors and provides proven strategies to cut costs, negotiate better deals, and optimise procurement processes. Whether you’re a manufacturer or contractor, these insights will help you buy smarter & save more!
The PLI Scheme for Specialty Steel 1.1 is creating big growth opportunities for MSMEs in India’s steel sector. It offers financial incentives to expand capacity, upgrade technology, and enter high-value segments like electrical and alloy steel. Read on to see how your steel business can benefit and grow under the PLI scheme.
GST Rate Rationalisation aims to simplify India's complex tax structure by merging slabs, reducing disputes, and improving compliance. It impacts businesses, consumers, and government revenue, ensuring a fair and efficient tax system. While it promises ease of doing business and transparency, challenges like political disagreements, revenue concerns, and inflation risks must be addressed.
LRPC wire vs LRPC strand is a key buying decision for contractors and precast manufacturers choosing prestressing steel for specific...
HTS wire is a broad category of high-temperature superconducting conductors, while REBCO is one specific type. This REBCO wire vs...
Bitumen and asphalt are closely linked but serve different roles in road construction. Bitumen acts as the binding material, while...
IS 73:2013 sets the specification framework for paving bitumen used in road construction. It covers viscosity grades, quality requirements, and...
