The blockchain technology: A discussion in the Perspective of supply chain management

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Abstract With block chain technology and other technologies like AI can solve most of the supply chain management week points and make it more reliable. The “cryptocurrency” technology is also  used by some supply chains such as VeChain,Waltonchain – Clothing Supply Chain, Ambrosus -Food & Medicine Supply Chain, Modum – Pharma Supply Chain etc.The power of a block chain enabled supply chain is that through block chains, companies gain a real-time  digital ledger of transactions and movements for all participants in their supply chain network. Better visibility into procurement, more accurate and reliable data for analytics, and  increased trust among all participants  in our supply chain network are some of the benefits  of adding block chain to our infrastructure.Integrating block chain into your supply chain  doesn’t need to be very much complex. Keywords: A block chain, a supply chain, digital ledger etc.…

Sourcing Decisions and Third Party Supply Chain Management Service Providers

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Abstract: Supplier Scoring is used to rate Supplier performance.Impact on Supply Chain surplus and total cost is the basis of comparison between suppliers.If sourcing process is effective it improves profits for the firm and total supply chain in various ways. A firm may like to keep a supply   chain function  in  the  house if   outsourcing increases the third party power significantly. Firms often like to keep the  supply chain function in the house, if there is a chance to leakage of intellectual property or other sensitive information,  especially when  the third party also serves the competitors also.Since late 1990s the trend of outsourcing a greater range of  supply chain function has been growing.With more globalization of business customers are looking for players, who  can manage virtually all aspects of their Supply Chain, which is being called 4PL.A  4PL is an integrator ,who assembles the supply chain resources, capability and technical areas of its own and other organization to design, build and run comprehensive supply chain solutions. Keywords:Supplier, 3PL,4PL, Sourcing,Supply Chain Management etc. Introduction: Sourcing is the whole set of business processes, which is necessary to buy goods and services required by the Supply Chain. Most important decision…

About International Procurement: Freight Prepaid and related incoterms

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Abstract: “Freight Collect” & “Freight Prepaid” are two shipping terms, which indicate whether consignee has the primary liability to the carrier for the shipping charges in a procurement process. EXW, FCA, FOB, FAS etc Incoterms are used for “Freight Collect” shipment. Now, we would like to discuss about incoterms which can be used for different types of “Freight Prepaid” shipments based on Incoterms 2010 published by ICC. Article: Introduction: Transportation is one of the Drivers of Supply Chain. The term Freight denotes transportation charges. The International Commercial terms or INCOTERMS refers to whether the shipper/consignee responsible to pay the freight or transportation charges. The Incoterms: “Freight Collect” &…

Supply Chain Management and its Drivers:

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Abstract: The logistical drivers are facilities, inventory, and transportation. Inventory denotes all raw materials, WIP, and finished goods in a supply chain. On the other hand, transportation involves moving inventory from point to point. Information is data about facilities, inventory, transportation, costs, prices…