Open AccessEVALUATION OF TECHNOLOGY IN MODERN SUPPLY CHAIN MANAGEMENT USING BLOCKCHAIN
Author(s) -
VAISHNAVI PAWAR,
PREETI PATIL,
Sumedha Bhagwat,
RUTUJA AWADE,
PRIYA YADAV
Publication year - 2022
Publication title -
indian scientific journal of research in engineering and management
Language(s) - English
Resource type - Journals
ISSN - 2582-3930
DOI - 10.55041/ijsrem11477
Subject(s) - supply chain , blockchain , supply chain management , business , counterfeit , service management , transparency (behavior) , demand chain , product (mathematics) , supply chain risk management , commerce , industrial organization , marketing , computer science , computer security , geometry , mathematics , political science , law
As there is an enormous progress in the Information Technology field, there is also a rise in the economic which in turn creates a competition between the companies. In the Blockchain era we have entered the Supply Chain Management (SCM) System. Compared to the traditional Supply Chain Management System the Supply Chain Management using Blockchain is more effective and useful in its own ways, it also surpasses the limitations of the traditional supply chain management. Supply chain acts as a primary concern in the business field while transporting of the products among the producer and consumer in the right and systematic way. Many companies across the globe face many challenges to manage the supply chain from source to destiny. We have created a system which maintains a transparency of products and its source in Supply Chain using Blockchain. The objective of this system is the development of an integrated information system in which the digital stream of data generated in the supply chain of products can be assigned to these products. That’s the reason why the majority of companies nowadays approach this concept. There are significant advantages of adopting Blockchain in supply chain management, they are: Customer Fulfilment, Anti-Counterfeit, Identify the problems, cost efficiency and rise in Economy. Key Words: Blockchain, Supply chain, source, transparency, products, Counterfeit product, QR code