Blockchain with IoT's in the supply chain can make SCM process as easier. Just using the micro IoT's chip to monitor the movement of products and use of blockchain to store the tracking records can provide proper supply chain management. This could also increase product usage and demand.

1. Blockchain
Supply Chain Management
in

2. Introduction
SDC Executive published news on March 6th, 2019 that,
"Blockchain in Supply Chain Management Expected to Reach $661 Million
by 2025."
This shows the demand and concierge use of blockchains for supply chain
management.
Let us discuss about blockchain in supply chain management.

3. Supply Chain Management ( SCM )
Supply Chain Management is a complete process of changing the raw
materials into goods and delivering them to the end-user. It is nothing but a
process of managing the flow of goods/ services starting from the supply of
raw materials to the manufacturer until the delivery of the final good to the
consumer. It involves material flow, information flow as well as financial
capital flow.
SCM involves the supply and storage of raw materials, production of goods,
transporting and delivering it to the end-user. Supply Chain is a network of
individuals, resources, organizations, processes, technologies connected
together to produce a product/service.

4. Risks in SCM
In between the process of distributing a good to the customer there involves a
lot of processes, and there will be a lot of intermediate people will handle the
process. So there is less guarantee for fraudulence not to occur and big
chance for delivering the wrong product with varying quantity to occur.
We can split up the risks of SCM into two
1.Internal risk- Risk that can occur inside the chain which you can control
2.External risk - Risk that occurs outside of the SCM and which will not be in
your control.

5. Solutions For SCM’s Risks
From the beginning, there exist a lot of solution arising to fix the growing risks
in SCM. But, none of them have completely fulfilled with proper results. And
now experts are optimistic about the growing technology, which is known as
”blockchain”.
Let’s check
How can a blockchain be used in SCM ?.

6. Blockchain In SCM
Blockchain with IoT's in the supply chain can make SCM process as easier. Just
using the micro IoT's chip to monitor the movement of products and use of
blockchain to store the tracking records can provide proper supply chain
management. This could also increase product usage and demand.
Get a detailed information about Blockchain in SCM at the article :
How Blockchain Can Revamp The Supply Chain
Management (SCM) System

7. Blockchain in various Supply Chain
Blockchain has eradicated the complexity in many different supply chains and
most notable SCMs that are benefited by Blockchain are as follows :
1. Coffee Supply chain.
2. Automotive Supply chain.
3. Seafood Supply chain.
4. Drugs Supply chain.
5. Apparel Supply chain
6. Minerals and Luxury Goods Supply chains, etc .,.

8. Benefits of Using Blockchain in SCM
1. Easy to track information about goods/services.
2. Provides Transparency in the supply chain.
3. Increases Data Visibility.
4. Reduces the cost of SCM.
5. Increases sales and thereby revenue is increased

9. Bitdeal - Blockchain Development Company
Bitdeal - Blockchain Development Company, provides blockchain
developments on all verticals like SCM, Transportation, Healthcare, etc .,.
When it comes to SCM, we develop blockchains for any kind of SCM with
greater care and dedications.
We have more than 200+ Blockchain Developers, who are skilled in various
technologies and deploy you the best blockchain for the proper functioning of
your supply chain.

10. www.bitdeal.net
Reach Us At :