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Published in:

Volume 7 Issue 10
October-2020
eISSN: 2349-5162

Unique Identifier

JETIR2010092

Page Number

748-751

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Title

Growth of Supply chain with technological advances

ISSN

2349-5162

Cite This Article

"Growth of Supply chain with technological advances", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 10, page no.748-751, October-2020, Available :http://www.jetir.org/papers/JETIR2010092.pdf

Abstract

Supply chain networks are global, multi-modal platforms that are expected to facilitate seamless exchange of physical goods, information across multiple industries and enterprises and stakeholders. Current supply chain information systems are limited in term of providing validated, real-time asset specific business relevant information during its lifecycle. Only one or few stakeholders have information access privilege causing both information asymmetry and inefficiencies in the $35T global supply chain market. Emerging technologies such as IoT and Blockchain democratize “trustworthy” data availability and empower stakeholders to make the right decision at the right time in the most cost-effective manner. Digital supply chain integration is progressively becoming a competitive differentiation of enterprises. Organizations leading to this approach of digital supply chain are rapidly improving their asset utilization and enabling new databased services. This paper presents the idea about relevance of complementary technologies like IoT and Blockchain technology for complete digitization of supply chain. The business case of pallet renting vendor is taken to showcase the use of technology integration to improve efficiency of its supply chain and asset management.

Key Words

Supply chain visibility, IoT, Blockchain technology, Asset Management, Digitization, Integration Introduction

Cite This Article

"Growth of Supply chain with technological advances", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp748-751, October-2020, Available at : http://www.jetir.org/papers/JETIR2010092.pdf

Publication Details

Published Paper ID: JETIR2010092
Registration ID: 210932
Published In: Volume 7 | Issue 10 | Year October-2020
DOI (Digital Object Identifier):
Page No: 748-751
ISSN Number: 2349-5162

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Cite This Article

"Growth of Supply chain with technological advances", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp748-751, October-2020, Available at : http://www.jetir.org/papers/JETIR2010092.pdf




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