Swan(sea) Song – personal research during my six years at Swansea ... and bey...
DIGITAL SUPPLY CHAIN WITH BLOCKCHAIN
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Digital Supply chain with Blockchain
Invovle2023
Viswanadh Akella
CEO
SimplyFISofTechIndia Private Limited
2. Disruption in Manufacturing Is Accelerating
Companies must move fast to thrive
Industry 4.0 Pace of Innovation New Business Models Globalization
Hyper connectivity is
improving quality,
efficiencies, and
opening new
opportuni ti e s
More than ever it is challenging
to keep up with rapid
innovations in
products, services,
capabilities, and processes
New digital capabilities are enabling
creative service and business models
for increasing
revenue and customer
satisfaction
Companies must adapt to
increasing and diverse
compliance, accounting,
sustainability, and competitive
pressures
New technologies are serving as both disruptors and catalysts
for significant industry change
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Digital Supply Chain Brings Benefits to the Enterprise
Accelerate
Innovation
Reduce Time-
to-Market
Maximize Productivity
and Efficiency
Reduce
Costs
Improve Customer
Satisfaction
3x 20% 30% - 50% 20%- 50% 8%
Return on
Innovation
Reduction in Time
to Market
Increase
Forecast
Accuracy
Decrease
Scrap and Rework
Increase in on
Time Delivery
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For TRUSTED SHARING OF TRANSACTION INFORMATION
automation
All participants have tamper-resistant copy of the ledger
Participants can easily validate information in the ledger
Privacy and confidentiality features control who can access what info
Without blockchain, information flows linearly, making visibility hard
for everyone
Chaincode / smart contracts enable custom business logic and process
For TRUSTED SHARING OF TRANSACTION INFORMATION
Plant 2
Plant 1
Supplier
Hospital
Distributor
Manufacturer
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Tamper-Proof
Non-Refutable
Records
Decentralized Smart Contract
All parties maintainencrypted
records of transactions
Altering would require
overriding the whole
distributed network
Data stored across network and
not centrally
Better Security and availability:
No centralized point of
vulnerability
Set of embedded rules agreed
by the parties for interaction
Smart code facilitates, verifies
and enforces the negotiation
of an agreement or transaction
Key Features of Blockchain
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High transaction costs
Limited visibility of the products
Monitoring counterfeits and quality of products
•
•
•
•
•
Current supply chain transaction costs are high due to multiple
ecosystem partners.
Due to shorter product life cycle, any variation or delay has high
transaction cost.
Difficult to track and trace counterfeit parts, country of origin
and identifying conflict minerals.
non-compliance is very high.
Difficult to implement effective supply chain compliance
program across multiple partners.
Gaps exist between systems within and across enterprise
boundaries.
•
•
• Regulatory compliance requirements are country specific and cost of
EDI and XML messaging are often out of sync and move data only
one stop down the supply chain.
Limited automation of ascertaining product quality in transit and
taking proactive actions.
Meeting compliance requirements
Why Blockchain for Digital Supply Chain?
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Supplier A
Supplier B
Manufacturer
(Mexico)
Supply Chain
Management
OEM
(USA)
Enterprise
Resource
Planning
•
•
•
•
•
•
•
• •
•
•
•
Certificates of origin
Batch numbers
Processing dates Shipment dates
Certificates of origin
Batch numbers
Processing dates
Shipment dates
Smart Contracts: Shipment
date Order
number
Shipment
date Order
number
-
-
•
Quality checks for suppliers
against specifications
Automatic release of shipment
after checks pass
Smart Contracts:
-Check supply chain Certificates of
Origin for authenticity of parts
-Automatic release of product from
inventory to shelves after checks pass
(India)
(Germany)
Our Product: Blockchain for Supply Chain
Increased transparency, automation, and compliance
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You’re Not Alone: The Supply Chain Planning Credibility Gap
say those processes are
ineffective within their
organizations*
say demand management
processes are important to
decision-making
of companies use integrated
business planning tools**
of CEOs want to meet customer
expectations by utilizing advanced
internal capabilities
say those processes are
ineffective within their
organizations*
say sales and operations
planning (S&OP) processes
support better decisions
Supply
Planning
Demand
Management
Sales and
Operations Planning
92%
44%
90%
48% 56%
96%
*Aberdeen Report, 2013
*Supply Chain Insights, **PwC,
Practice
Theory
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The Digitally Connected Enterprise
Digital
Thread
Digital
Thread
Product
Usage Data
Track and
Detect
Asset
Monitoring
Remote
Diagnostics
Production Monitoring
Real Time Analytics
Fleet Monitoring
Predictive
Models
Digital Field
Service
CONNECTED
DIGITAL
INNOVATION
Voice of the Digital Twin
LEAD TO CASH
FOR THE
DIGITAL AGE
DIGITAL
SUPPLY CHAIN
Voice of the Factory
CONNECTED
SMART
FACTORY
Voice of the Product
DIGITAL
LOGISTICS
CONNECTED
DIGITAL
SERVICE
Voice of the Customer
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Our Products
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The platform Validates consistency of data between
trade documents and verifies extracted data against
universally accepted LC terms
An Invoice Discounting platform that allows
SMEs to get
SIMBA
INVOIZO
Document Automation platform
Invoice Discounting Platform
immediate advances on trade receivables
PRODUCT PORTFOLIO