November 2019

Doing business in India is about managing endless statutory, regulatory and compliance requirements. On an average, a medium-scale company has to deal with as many as 500 filings in a year, and must comply with at least 130 Acts. What makes things complicated is the regulatory ecosystem, which is complex, often overlapping in nature, extensive, and dynamic. Laws change every now and then, and if one had to track all compliance and regulatory updates and changes, it would mean following with over 2,000 government websites. To add to the problems, most of the compliance work is done manually, and companies often don’t have the expertise, manpower or resources to handle these requirements.

Compliance automation software, as the name hints, aims to automate compliance and make things simpler for businesses. This is more relevant than ever for businesses in India, which are consistently grappling with changing regulatory and compliance requirements. Below is an overview of the basics about having a compliance management system.

Do we really need a system for compliance management?

That’s a common question that most business managers and key personnel have in mind. Considering that poor or non-compliance has serious consequences, relying on a program designed for better compliance management is always a step forward. This is more like having a dashboard, which covers everything that is relevant for your company. These systems are designed to cover the entire ecosystem of compliance, and you can expect to get regular and timely updates, so that action can be taken in real time.

The use of a reliable compliance management system makes sense, –

• If your company has been grappling with challenges related to compliance

• When you don’t have in-house expertise

• When you need to manage operations in different states and UTs of India

• When you are dealing with international operations

• When you are unable to track compliance updates in a timely manner.

How to choose the right compliance management software?

Features must be considered for selecting a compliance management software system. At the very least, the system should be able to define and offer a fair idea of how compliance works for your business. Also, getting regular notifications and having a consolidated dashboard are critical aspects, and it is wise to review the onboarding experience, because you don’t want to spend huge on IT infrastructure just to accommodate a new app or software.

Take the step forward and automate compliance management today!

So let’s say you picked your box size, and you already designed it. So the last thing to do is to get it ordered, is that simple, right? No. Before you can ever start an order, you might want to go through all the statistics and see if it’s really worth spending that much money and will you get it back in the near future. Sometimes at the start, it’s okay to lose some money, but after you will gain a lot of new costumers which result in profit.

Get Those Custom Boxes Ordered

So after you’ve done all the statistics and measurements now, you are ready to order. Well, not yet.

You’ll have to learn yourself with some new terms, for example:

Dieline:

A dieline is a format to ensure you have the right design for the final physical package. It has marks that demonstrate the folds and cut lines of the box in a smoothed form.

Cutting dies:

These depend on your dieline format and do the real cutting and wrinkling of the cardboard box.

Printing plates:

These exchange your plan onto a material.

Flute size:

This alludes to the thickness of the cardboard box. A few sizes are simpler to print on than others.

Tooling charges:

This is the value you pay for your cutting passes on and printing plates, which are essential with custom boxes.

Before focusing on a huge request, set aside some effort to settle on a printer for your cases. The least expensive choice isn’t generally the best.

You’ll additionally need to consider things like:

Where the printer is found:

If they’re close by, that will diminish transportation costs.

Turnaround time:

You would prefer not to waste time and postpone shipping your merchandise since you’re sitting tight for your crates to show up.

Box and ink quality:

You need the completed item to look proficient.

Should you go with an advanced printer:

This choice is progressively costly, yet takes into consideration little least requests. In case you’re requesting less than 1,000 boxes, this is most likely the best approach.

Regardless of what printer you pick – consistently get a value quote, so you aren’t left with unexpected charges.

You likely need to realize the amount you ought to spend on your containers. There’s no firm principle, yet many recommend going for under two dollars a crate. Be that as it may, this will rely upon what you’re shipping.

End

It couldn’t be any more obvious, thinking of custom boxes isn’t so troublesome. Furthermore, the result can be stunning.

So feel free to convey your beautiful ideas to the world, sit back, and let it do its showcasing magic.

In terms of warehouse operations, a good warehouse doesn’t happen by chance. There are ways to improve a warehouse so it runs more efficiently and safely as well as boosts your bottom line. Here are tips to help you make this happen:

Design the Warehouse Efficiently

Aside from ensuring your warehouse is safe, it should be designed to maximize efficiency. A warehouse that operates more efficiently can your company money, accelerates orders fulfillment, minimize the risk of injury to employees, and improve employee satisfaction. Also, you need to document your processes to make sure everybody is aware of layouts and procedures and avoid making mistakes. Try to place top-selling items nearest to the packing stations because they will be picked more often. Items often packed together must be stored adjacent to each other.

Use Labeling and RFID to Track Inventory

Whatever you store in a Belley’s warehouse must be labeled. Establish a detailed labeling plan to let your staff and management to track effectively what comes in and what goes out of the warehouse. Since manual data entry is time-consuming, it offers opportunities for errors and reduces efficiency. The use of barcode and radio frequency identification (RFID) labels reduces the need for manual product entries. Innovative tracking of inventory speeds up and improves data collection accuracy. Also, it reduces errors that arise from manual entry as well as improves picking and tracking.

Be Notified of Any delivery Delays

Work with your vendors to get advanced shipping notifications (ASN) as this will help you prepare to get shipments and reduce the potential of delays and disruptions. You can link ASNs to your warehouse management software. Knowing what’s coming and being aware of delays will ensure smoother warehouse operations.

Get Employee Feedback

Your employees know your warehouse better than anyone. Ask them for advice and recommendations to improve the layout and procedures. Put a suggestion box in a prominent location and consider giving an incentive for the best ideas. Your employees will feel more important if you solicit their input. As a result, they may adopt the changes with more enthusiasm.

Pick the Right Software

When picking warehouse management software, assess software according to the warehouse space, processes, and business needs. The right software is integrated with other business solutions like inventory management, point of sale, e-commerce, and fulfillment orders. Usually, a cloud-based network model lets you connect to other sources of data, services, and systems without the need to implement major projects.

The trend of coworking is flourishing with breakneck. It is supporting the professionals to arrange their business meetings, supports networking and join for building long term business oriented relationships with multiple clientele. You can get a complete professional outlook when you work at coworking space instead at home. No more traditional offices. You can visit here and book for the best coworking space and add value to your work with such professional amenities and connection.  Here we have discussed about how a coworking space can transform your entire business and take it to pinnacle. We have mentioned reasons for it.

Supports growth and prosperity in context to revenue and sales

Coworking is equal to building new relations and supporting each other through strategic alliances and so. While working at home, you would be working right within four walls. But if you join coworking space, you will have exposure to infinite opportunities with an effective rate of return. Thus, it facilitates connections, collaborations and amalgamations at the helm. This will in turn multiply your sales growth and revenue by extending your business to border less nations.

Attractive coworking space enhances the level of innovation

It is often observed that the environment often affects the level of innovation. If you are experiencing a calm and peaceful atmosphere, it will add dynamism to your mind to excavate something creative and give momentum to your business practices. It will boost your morale for brain storming and mind mapping. Also, sometimes the effect of illumination and theme colour of infrastructure brighten up the creativity and confidence of working breathlessly.

You are not alone, you will have business partners

Working at home could be boring and yawn-inspiring. You will have no one to discuss your business idea and seek suggestions about product launch in the target market. Thus, if you join the coworking space, you will have various partners to get newer ideas about your business profile. You can spare few minutes and hours in a form of refreshment because you will have like- minded professional people. You will definitely experience a strong motivational feeling while working in such professional conformity at large. Freelancers will be able to build their potential community in the light of professionalism with an intention to smoothly manage their profile.

Coworking space improves productivity with no more additional cost

Investment into coworking space is really a rational decision. It does not involve any additional or extra cost while working here for long go years. It is more beneficial than purchasing your personal office in corporate complex. In fact, it will save your cost, time and efforts. You will smartly work under the professional atmosphere imbibing few principles of running a successful business. Unity and discipline is what you will get from coworking.

JustCo is one of the most professional company that arranges coworking space for business associates and improve their productivity at par. Therefore, visit here and get the best quote now!