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Blockchain in Supply Chain Management

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101 Blockchains
101 Blockchains

Blockchain is constantly revolutionizing various industries, and supply chain is one of the major ones. Many companies are already using blockchain in supply chain to reap the benefits of blockchain technology. But why is it necessary to use blockchain for supply chain management? At the moment, the supply chain industries deal with a lot of issues. Among them, rapid changes in the market, issues with compliance and quality, lack of transparency, increasing corruption, high costs, etc., are prominent problems. This is where blockchain steps in. Using blockchain in supply chain management comes with its fair share of benefits - peer-to-peer transaction settlement, audit transparency, tracking products, and consumer feedbacks, accurate costing info, better shipping data, etc. In fact, there are already many blockchain supply chain projects live at the moment working perfectly. We at 101 Blockchains are driven to help you educate on blockchain technology with high-quality courses and certifications. Therefore, we offer specific courses geared to supply chain management as well. At present, we have two prominent courses that can help you understand the concepts better - Enterprise Blockchains and Supply Chain Management Course and Enterprise Blockchains and Trade Finance Course. Learn more about these courses from here -> https://academy.101blockchains.com/courses/blockchain-and-scm https://academy.101blockchains.com/courses/enterprise-blockchains-and-trade-finance Other than these, we have certification courses to help you become a skilled professional in no time. Learn more about these courses from here -> Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification Certified Enterprise Blockchain Architect (CEBA) course https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect Certified Blockchain Security Architect (CBSE) course https://academy.101blockchains.com/courses/certified-blockchain-security-expert

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BLOCKCHAIN IN SUPPLY CHAIN MANAGEMENT 101blockchains.com
Why Learn Blockchain With Us? Trusted Strategic Practical
What Are the Issues of Supply Chain Industries? 8 5 % 1 5 % It e m 2 9 5 % It e m 1 5 % 9 0 % 1 0 % 8 0 % 2 0 % 5 5 % 4 5 % 60% 40% Ite m 2 70 % Ite m 1 30 % 6 5 % 3 5 % Rapid Changes in the Market High Costs Globalization Regulations and Quality Lack of Transparency Relatively Slow Corruption Poor Customer Service
Offshore or outsourced manufacturing efforts complicate the supply chain processes due to the lack of proper visibility, coordination, and maintenance. Expanding to global marketplaces is often tricky due to the differences in cultural preferences around the world. Companies need to incorporate newer tactics to attract customers in every country, which creates the risk of losing control and visibility. Enterprise companies need huge manpower to maintain every single outsourced manufacturing, sourcing, and logistics effort. Globalization
Consumer behaviors are hard to predict, and it varies based on cultural, personal, social and psychological aspects. The popularity of social media demands that enterprise companies keep up with the trends and produce new and interesting products constantly, which is increasing a lot of pressure. Companies have to forecast and develop new products while keeping the manufacturing costs low, which can reduce their revenues if the product does not perform as expected. Rapid Changes in the Market
Meeting up with consumer expectations is always not feasible as consumers expect higher quality at a lower pricing point. Quality testing in every stage of the supply chain, such as producing, procurement, transportation, product handling, takes time and resources and becomes difficult to monitor with human resources. Aside from consumer expectations, local and international regulations demand specific standards for producing the products that can overwhelm the companies. Regulations and Quality
Consumers now want full transparency surrounding the products they are buying, however, most of the companies are unable to offer that. Companies offering a vague insight into the production process of a product creates consumer dissatisfaction and creates trust issues. The legacy systems or models the supply chain uses now aren’t adequate to offer full transparency throughout the different stages. Lack of Transparency
Trust is a big issue in the supply chain, as most procedures are dependent on human interactions and expect the best behaviors from the employees. Forged product quality checks to meet up with the standards can harm a company's reputation in the long run. Bad internal parties can sabotage a company’s reputation by swapping out counterfeit products with original ones. Increasing Corruption
Constant quality checks and controls increase the need for quality control checkers and experts, which increases costs. Inventory management requires proper environment, storage space, and security. This increases the overall costing. Transportation and procurement procedures require more investment as the costing can vary due to various factors. High Costs
The current supply chain management system is quite backdated and prone to issues. Due to the lack of proper management, the supply chain is excessively slow. Other factors such as inadequate logistics management, heavy authentication processes, and business in different time zones make the supply chain quite regressive. Relatively Slow
Lack of proper customer support channels discourages consumers from buying products from specific brands. Not having a social media channel for support can hurt a brand's reputation in the long run. Many companies aren’t keen on investing their resources in customer supports or consumer benefits, which reduces their consumer reach. Poor Customer Service
How Is Blockchain Used in Supply Chain Managment? Peer-To-Peer Transaction Settlement Tracking Products and Consumer Feedbacks Accurate Costing Info Better Shipping Data Product Provenance Audit Transparency Avoiding Compliance Violation Reducing Counterfeit Products Enforcing Trade Policies and Tariffs Inventory Management
Offers a faster transaction process and can settle the payment within minutes. Cut’s middleman in cross-border payments, thus reducing costs greatly. Automates payments using smart contracts and enforces more security. Peer-To-Peer Transaction Settlement
Automates the auditing process and gets rid of human-based errors. Helps auditors make safer and more strategic choices throughout the whole supply chain. Helps to maintain standards and product quality. Audit Transparency
Tracks the whole process of the supply chain, starting from sourcing to product delivery. Can track consumer feedbacks accordingly and forecast probable trend changes. Makes it easier to work with replacement or returns of products from customer to the factory. Tracking Products and Consumer Feedbacks
Offers proper data management, which shares a full view of the costing needed in every part of the supply chain. Reduces the errors in goods receipts, orders, invoices that saves a lot of money. Offers cost-cutting schemes and better production strategies using automation. Accurate Costing Info
Offers real-time shipping data that helps to forecast delivery schedules. Tracks the products throughout the whole shipping process to maintain proper product quality. Offers more shipping route information and strategies to increases efficiency. Better Shipping Data
Helps to reduced high compliance maintenance costs. Keeps up with regional compliance changes to avoid any violations. Offers proper authorization from the law in order to abide by the rules and preserve brand status. Avoiding Compliance Violation
Offers additional information to prove the authenticity of the products. With the help of IoT integration, blockchain can track every single material from the source to preserve quality. Every single data gets verified before getting added to the ledger, which acts as a product certification. Product Provenance
Tracks all the products using NFC codes, RFID chips, and QR codes in real-time. Provides an end-to-end connection from the manufacturing unit to the buyer in order to get rid of counterfeit products. Offers more security regarding the preserving and storing of products. Reducing Counterfeit Products
Helps to maintain all trade policies according to the regional laws. Stops third parties to funnel stolen goods and trading them to avoid higher costing. Automates the enforcement of tariffs every time a product gets internationally shipped. Enforcing Trade Policies and Tariffs
Offers transparency that helps manufacturers to manage product traceability, origins, perishable state, and recalls. Allows seeing customer demands in real-time to forecast them successfully and stock the inventory based on that. Introduces identity verification for all employees to track them in order to avoid funneling goods from inventory. Inventory Management
Prominent names in the industry, such as — Walmart, Nestle, Unilever, Carrefour, Anheuser-Busch InBev, Ford, etc. are already investing heavily in blockchain-based solutions. Many governments are enthusiast about deploying blockchain in their countries export and import supply chain processes. IBM's Food Trust is restabishing the food supply chain with more safety and many enterpise companies are already utilizing it. Blockchain Based Supply Chain Projects Real-World Impact
Blockchain Courses Suitable for the Supply Chain Industry Enterprise Blockchains and Trade Finance Course Enterprise Blockchains and Supply Chain Management Course https://academy.101blockchains.com/cour ses/blockchain-and-scm https://academy.101blockchains.com/courses/e nterprise-blockchains-and-trade-finance
101 Blockchains Certifications Certified Enterprise Blockchain Professional Certified Enterprise Blockchain Architect Certified Blockchain Security Expert https://academy.101blockchains.com/cour ses/certified-enterprise-blockchain- architect https://academy.101blockchains.com/cours es/certified-blockchain-security-expert https://academy.101blockchains.com/ courses/blockchain-expert- certification
Why You Must Go With 101 Blockchains Certification Courses? High-Quality Research Information First-class Training Content Interactive Exercises Flexible Learning Using Modular Approach Access to Bonus Training Materials Various Training Strategies for Faster Learning Tangible Proof of Course Completion Weekly Hands-on Assignments Professional Instructors Premium Support
Free Resources Enterprise Blockchains Fundamentals - Free Course Blockchain Webinars Blockchain Conferences
Trusted By 15,000+ Professionals! Read real stories on Trustpilot and G2Crowd. 410 reviews
Thank You 101blockchains.com

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Blockchain in Supply Chain Management

  • 1. BLOCKCHAIN IN SUPPLY CHAIN MANAGEMENT 101blockchains.com
  • 2. Why Learn Blockchain With Us? Trusted Strategic Practical
  • 3. What Are the Issues of Supply Chain Industries? 8 5 % 1 5 % It e m 2 9 5 % It e m 1 5 % 9 0 % 1 0 % 8 0 % 2 0 % 5 5 % 4 5 % 60% 40% Ite m 2 70 % Ite m 1 30 % 6 5 % 3 5 % Rapid Changes in the Market High Costs Globalization Regulations and Quality Lack of Transparency Relatively Slow Corruption Poor Customer Service
  • 4. Offshore or outsourced manufacturing efforts complicate the supply chain processes due to the lack of proper visibility, coordination, and maintenance. Expanding to global marketplaces is often tricky due to the differences in cultural preferences around the world. Companies need to incorporate newer tactics to attract customers in every country, which creates the risk of losing control and visibility. Enterprise companies need huge manpower to maintain every single outsourced manufacturing, sourcing, and logistics effort. Globalization
  • 5. Consumer behaviors are hard to predict, and it varies based on cultural, personal, social and psychological aspects. The popularity of social media demands that enterprise companies keep up with the trends and produce new and interesting products constantly, which is increasing a lot of pressure. Companies have to forecast and develop new products while keeping the manufacturing costs low, which can reduce their revenues if the product does not perform as expected. Rapid Changes in the Market
  • 6. Meeting up with consumer expectations is always not feasible as consumers expect higher quality at a lower pricing point. Quality testing in every stage of the supply chain, such as producing, procurement, transportation, product handling, takes time and resources and becomes difficult to monitor with human resources. Aside from consumer expectations, local and international regulations demand specific standards for producing the products that can overwhelm the companies. Regulations and Quality
  • 7. Consumers now want full transparency surrounding the products they are buying, however, most of the companies are unable to offer that. Companies offering a vague insight into the production process of a product creates consumer dissatisfaction and creates trust issues. The legacy systems or models the supply chain uses now aren’t adequate to offer full transparency throughout the different stages. Lack of Transparency
  • 8. Trust is a big issue in the supply chain, as most procedures are dependent on human interactions and expect the best behaviors from the employees. Forged product quality checks to meet up with the standards can harm a company's reputation in the long run. Bad internal parties can sabotage a company’s reputation by swapping out counterfeit products with original ones. Increasing Corruption
  • 9. Constant quality checks and controls increase the need for quality control checkers and experts, which increases costs. Inventory management requires proper environment, storage space, and security. This increases the overall costing. Transportation and procurement procedures require more investment as the costing can vary due to various factors. High Costs
  • 10. The current supply chain management system is quite backdated and prone to issues. Due to the lack of proper management, the supply chain is excessively slow. Other factors such as inadequate logistics management, heavy authentication processes, and business in different time zones make the supply chain quite regressive. Relatively Slow
  • 11. Lack of proper customer support channels discourages consumers from buying products from specific brands. Not having a social media channel for support can hurt a brand's reputation in the long run. Many companies aren’t keen on investing their resources in customer supports or consumer benefits, which reduces their consumer reach. Poor Customer Service
  • 12. How Is Blockchain Used in Supply Chain Managment? Peer-To-Peer Transaction Settlement Tracking Products and Consumer Feedbacks Accurate Costing Info Better Shipping Data Product Provenance Audit Transparency Avoiding Compliance Violation Reducing Counterfeit Products Enforcing Trade Policies and Tariffs Inventory Management
  • 13. Offers a faster transaction process and can settle the payment within minutes. Cut’s middleman in cross-border payments, thus reducing costs greatly. Automates payments using smart contracts and enforces more security. Peer-To-Peer Transaction Settlement
  • 14. Automates the auditing process and gets rid of human-based errors. Helps auditors make safer and more strategic choices throughout the whole supply chain. Helps to maintain standards and product quality. Audit Transparency
  • 15. Tracks the whole process of the supply chain, starting from sourcing to product delivery. Can track consumer feedbacks accordingly and forecast probable trend changes. Makes it easier to work with replacement or returns of products from customer to the factory. Tracking Products and Consumer Feedbacks
  • 16. Offers proper data management, which shares a full view of the costing needed in every part of the supply chain. Reduces the errors in goods receipts, orders, invoices that saves a lot of money. Offers cost-cutting schemes and better production strategies using automation. Accurate Costing Info
  • 17. Offers real-time shipping data that helps to forecast delivery schedules. Tracks the products throughout the whole shipping process to maintain proper product quality. Offers more shipping route information and strategies to increases efficiency. Better Shipping Data
  • 18. Helps to reduced high compliance maintenance costs. Keeps up with regional compliance changes to avoid any violations. Offers proper authorization from the law in order to abide by the rules and preserve brand status. Avoiding Compliance Violation
  • 19. Offers additional information to prove the authenticity of the products. With the help of IoT integration, blockchain can track every single material from the source to preserve quality. Every single data gets verified before getting added to the ledger, which acts as a product certification. Product Provenance
  • 20. Tracks all the products using NFC codes, RFID chips, and QR codes in real-time. Provides an end-to-end connection from the manufacturing unit to the buyer in order to get rid of counterfeit products. Offers more security regarding the preserving and storing of products. Reducing Counterfeit Products
  • 21. Helps to maintain all trade policies according to the regional laws. Stops third parties to funnel stolen goods and trading them to avoid higher costing. Automates the enforcement of tariffs every time a product gets internationally shipped. Enforcing Trade Policies and Tariffs
  • 22. Offers transparency that helps manufacturers to manage product traceability, origins, perishable state, and recalls. Allows seeing customer demands in real-time to forecast them successfully and stock the inventory based on that. Introduces identity verification for all employees to track them in order to avoid funneling goods from inventory. Inventory Management
  • 23. Prominent names in the industry, such as — Walmart, Nestle, Unilever, Carrefour, Anheuser-Busch InBev, Ford, etc. are already investing heavily in blockchain-based solutions. Many governments are enthusiast about deploying blockchain in their countries export and import supply chain processes. IBM's Food Trust is restabishing the food supply chain with more safety and many enterpise companies are already utilizing it. Blockchain Based Supply Chain Projects Real-World Impact
  • 24. Blockchain Courses Suitable for the Supply Chain Industry Enterprise Blockchains and Trade Finance Course Enterprise Blockchains and Supply Chain Management Course https://academy.101blockchains.com/cour ses/blockchain-and-scm https://academy.101blockchains.com/courses/e nterprise-blockchains-and-trade-finance
  • 25. 101 Blockchains Certifications Certified Enterprise Blockchain Professional Certified Enterprise Blockchain Architect Certified Blockchain Security Expert https://academy.101blockchains.com/cour ses/certified-enterprise-blockchain- architect https://academy.101blockchains.com/cours es/certified-blockchain-security-expert https://academy.101blockchains.com/ courses/blockchain-expert- certification
  • 26. Why You Must Go With 101 Blockchains Certification Courses? High-Quality Research Information First-class Training Content Interactive Exercises Flexible Learning Using Modular Approach Access to Bonus Training Materials Various Training Strategies for Faster Learning Tangible Proof of Course Completion Weekly Hands-on Assignments Professional Instructors Premium Support
  • 27. Free Resources Enterprise Blockchains Fundamentals - Free Course Blockchain Webinars Blockchain Conferences
  • 28. Trusted By 15,000+ Professionals! Read real stories on Trustpilot and G2Crowd. 410 reviews