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    Why Blockchain in Supply Chains

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    smit
    Blockchain can benefit supply chain management by allowing companies to monitor their supply chains in real-time and locate items quickly. It also provides transparency by allowing businesses and consumers to track quality control from origin to retailer. Suppliers can use blockchain to note material origins and verify product authenticity with blockchain solutions from development companies.

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    Why Blockchain in Supply Chains

    Uploaded by

    smit
    130 views6 pages
    Blockchain can benefit supply chain management by allowing companies to monitor their supply chains in real-time and locate items quickly. It also provides transparency by allowing businesses and consumers to track quality control from origin to retailer. Suppliers can use blockchain to note material origins and verify product authenticity with blockchain solutions from development companies.

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    use of blockchain Supply chain management.

    Original Title

    Why Blockchain In Supply Chains

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    Blockchain can benefit supply chain management by allowing companies to monitor their supply chains in real-time and locate items quickly. It also provides transparency by allowing businesses and consumers to track quality control from origin to retailer. Suppliers can use blockchain to note material origins and verify product authenticity with blockchain solutions from development companies.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    130 views6 pages

    Why Blockchain in Supply Chains

    Uploaded by

    smit
    Blockchain can benefit supply chain management by allowing companies to monitor their supply chains in real-time and locate items quickly. It also provides transparency by allowing businesses and consumers to track quality control from origin to retailer. Suppliers can use blockchain to note material origins and verify product authenticity with blockchain solutions from development companies.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    Why Blockchain In Supply Chains?

    • Blockchain can be beneficial, especially when there is a need to monitor the supply
    chain. Now, businesses can quickly fix inefficiencies within their supply chains, as well as
    locate items in real-time.
    • Also, blockchain will allow businesses, and possibly consumers, to see how products
    performed from a quality-control point of view as they travelled from their place of
    origin to the retailer.
    • Suppliers can use the blockchain to note the origin of the materials they have bought.
    And for doing so, they can also take help from the blockchain development companies.
    • These companies help businesses easily verify the authenticity of their products by
    using blockchain solutions.
    GOALS OF SUPPLY CHAIN
    MANAGEMENT
    • Fulfilling the demand
    • Drive customer value
    • Improve responsiveness
    • Contribute to financial success
    THE ROLE OF SUPPLY CHAIN
    • Purchasing , storing and delivery of raw material
    • Warehousing
    • Shipping
    • Transporting goods to distributors
    • Efficient logistic are essential to business profit and customer
    satisfaction , 90% trade by water
    CHALLENGES IN SUPPLY CHAIN
    MANAGEMENT
    • Multiple separate players
    • Lack of transparency
    • Discrepancies in record
    • Limited cross process visibility
    • Globalization
    • Maintaining high performance
    FedEx
    • FedEx is one of the world’s biggest logistics management companies
    and handles billions of dollars worth of cargo every year.
    • FedEx has now become the first big shipping giant to incorporate
    Blockchain Technology into their supply chain management.
    • So far, they are using Blockchains to track high-value cargo and are
    soon planning to extend the functionality to almost all their
    shipments.
    • In addition to that, they are also helping to develop the Blockchain
    based industry standards for supply chain logistics establishing
    themselves as pioneers in this field.
    Walmart
    • Walmart and nine other food companies have partnered with IBM to create
    a Blockchain for tracking food globally through its supply chain.
    • Real-time data will be captured at every point, on every single food product.
    The Food Trust Blockchain, which includes Nestlé SA, Dole Food Co.,
    Unilever, and several others.
    • These companies have been collaborating with IBM on the initiative since
    2016 and began conducting trials of the product in August of last year.
    • Their goal is to improve the companies’ ability to identify issues involved
    with food recalls, such as tracing outbreaks more quickly to limit customer
    risk. Walmart appears to have joined the initiative after the outbreak of
    salmonella in the supply chain last year.

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