Inventory management and information sharing based on blockchain technology

【Author】 Li, Xiaoming

【Source】COMPUTERS & INDUSTRIAL ENGINEERING

【影响因子】7.180

【Abstract】This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). (2) A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient.

【Keywords】Supply chain management; Blockchain; Digital platform; Supply chain resilience

【发表时间】2023 MAY

【收录时间】2023-06-10

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