Blockchain Supply Chain Development Company
Remove the existing poor stock management issues and high processing costs in your supply chain. Optimize your business transactions & increase liquidity in trade finance with end-to-end blockchain solutions.
Challenges in the Traditional Supply Chain Industry
Remove the existing poor stock management issues and high processing costs in your supply chain. Optimize your business transactions & increase liquidity in trade finance with end-to-end blockchain solutions.
Traditional supply chains lack the traceability of equipment, goods, and materials along the chain and distribution phase causing asymmetric information and potential risks.
Documentation and bureaucracy costs are high in the supply chain. Each entity in the supply chain individually collects the same data leading to an unwanted increase in capital.
Current supply chain management development models lack adequate compliance with legal regulators, and customs officials, health and safety, and consumer protection regulations.
There’s often imprecise communication even though all the participants in the supply chain are furthering the same goal i.e. getting the product from its origin to end-customer.
There’s a lack of validated records of the provenance of goods and trade documentation including freight invoices, receipts, tax documents, proofs of delivery, and insurance.
Out-of-stock situations are very common in traditional supply chain management processes. There are no goods/products on backorder which therefore leads to a loss of sales.