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Block chain: a pathway to improve performance measures of supply chain

Block chain: a pathway to improve performance measures of supply chain An efficient supply chain (SC) is an integral part of every business and indeed need of an hour to meet competitive scenario created due to consumer-oriented market. The inefficiency in SC is due to poor information sharing and lack of coordination among different echelons of SC, which causes the bullwhip effect. To eliminate the aforementioned problem, the concept of block chain is introduced. This research aims to evolve a methodology which can give insight for maintaining high performance SC through technique of block chain, a decentralised platform, accessible to each member of SC. The findings of this study suggest that the block chain is a modern, applicable and sustainable technique which can improve performance measures of SC by making information sharing better and instant and can eradicate the reasons of the bullwhip effect. Finally, in the end, demerits of the block chain in the context of SC are also discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Services Operations and Informatics Inderscience Publishers

Block chain: a pathway to improve performance measures of supply chain

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd
ISSN
1741-539X
eISSN
1741-5403
DOI
10.1504/IJSOI.2021.117258
Publisher site
See Article on Publisher Site

Abstract

An efficient supply chain (SC) is an integral part of every business and indeed need of an hour to meet competitive scenario created due to consumer-oriented market. The inefficiency in SC is due to poor information sharing and lack of coordination among different echelons of SC, which causes the bullwhip effect. To eliminate the aforementioned problem, the concept of block chain is introduced. This research aims to evolve a methodology which can give insight for maintaining high performance SC through technique of block chain, a decentralised platform, accessible to each member of SC. The findings of this study suggest that the block chain is a modern, applicable and sustainable technique which can improve performance measures of SC by making information sharing better and instant and can eradicate the reasons of the bullwhip effect. Finally, in the end, demerits of the block chain in the context of SC are also discussed.

Journal

International Journal of Services Operations and InformaticsInderscience Publishers

Published: Jan 1, 2021

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