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How Blockchain can enhance Supply Chain Management:

What is the supply chain?<br><br>Network of all involved processes in creation of product<br>Raw materials to end product<br>Stages vary depending on product<br><br>

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How Blockchain can enhance Supply Chain Management:

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  1. How Blockchain can enhance Supply Chain Management:

  2. What is the supply chain? Network of all involved processes in creation of product Raw materials to end product Stages vary depending on product

  3. Supply chain management • Planning and execution of supply chain processes • Helps optimize all activities • Enhances cost-effectivity and efficiency

  4. Processes in the supply chain Material flow • Raw materials to end product • Efficient and damage-free flow

  5. Processes in the supply chain Information flow. • Large amounts of data • Involved middlemen details, payment details, etc. • Proper management of data

  6. Processes in the supply chain • Finance flow • Payment should be seamless • Costs for raw materials, production, logistics, etc.

  7. Blockchain and Supply Chain Management Blockchain is • Transparent • Distributed • Immune to manipulation

  8. Role of Blockchain in Supply Chain • Writing up contracts/agreements • Tracking • Payment

  9. Benefits of implementing Blockchain Reduction in costs • Automatic processes • Decreased human intervention Increased accountability • Immutable blockchain records all transactions • Manipulation of data is impossible

  10. Benefits of implementing Blockchain Easy tracking of product • Products and progress can be tracked digitally • Helps to trace back to the origin of an issue Improvement in sales • Seamless flow of activities • Better quality

  11. Blockchain for Supply Chain Development • Hire expert developers for futuristic blockchain solutions • Blockchain App Factory is an expert in blockchain-based services • Visit their website for more information

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