Blockchain in The Supply Chain: A Short Primer

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Blockchain technology is quickly changing the way business is being done nowadays. Some are hailing it to be the most important invention since the dawn of the Internet, and for good reason.

What exactly is blockchain?

Blockchain, in a nutshell, is essentially a tamperproof, publicly-available digital ledger. Without getting into the technical specifics, it’s basically a decentralized database of records that anyone can inspect, but not alter. Updating these records requires a consensus of a majority of the participants involved.

Blockchain technology is commonly associated with Bitcoin, as well as other cryptocurrencies, but it can also have applications in other fields and industries. Already, this secure record-keeping technology is being employed in supply chain management firms.

What are the benefits of blockchain for supply chains?

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Blockchain’s accessibility, integrity, and transparency are its most prominent features. Transactions involving transportation, warehousing, and payment can benefit greatly from the application of the technology. Blockchain can make supply chains much more streamlined and transparent.

Ease of access

As a digital ledger, blockchain can possibly accommodate any number of participants from anywhere. All transactions and their details can be easily accessed by any user.

Integrity of records
stacked documents WBCFG4Y min scaled All participants in the chain have a consensus on the validity of the transactions. Nobody can tamper or falsify these records. Only a new transaction can reverse the effect of an old transaction.
Transparency of sources
The blockchain stores data involving each asset’s origins. Participants are given information on who owned these assets before and when. This knowledge can be useful in determining whether goods are fair trade, or whether a food product is sourced organically.
What are the current applications of blockchain in supply chains nowadays?
Major US retailer Walmart is currently taking advantage of blockchain technology to track pork meat sales in China. The system allows Walmart to see where their meat is sourced from, as well as all the other important details such as processing, storage, and sale dates. China’s Alibaba Group has just recently rolled out a blockchain database to combat counterfeit Australian and New Zealand food items. The conglomerate has teamed up with Australian vitamin brand Blackmores and New Zealand dairy brand Fonterra. IBM has partnered with jewelry-maker Richline Group to track the provenance of precious metals and gems with the goal of promoting ethical fair trade.

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Embracing Digital Transformation with Acumatica

In today’s rapidly evolving business landscape, digital transformation is no longer an option but a necessity. Companies across various industries are leveraging technology to streamline

Modernizing Your Supply Chain Process

In today’s interconnected world, businesses operate in a complex global landscape. Consumers expect faster delivery times, wider product availability, and competitive pricing. This puts immense

Continuous Monitoring ​

Our solutions are designed to be scalable and sustainable, ensuring long-term success for your supply chain.

Manufacturing

Acumatica Distribution Edition provides unparalleled distribution depth with an extensive suite of connected distribution applications for sales, inventory, purchasing, and warehouse management. Increase sales with opportunity tracking and sales quotes. Reduce carrying costs and eliminate stock-out situations with robust inventory replenishment. Manage omnichannel returns
and exchanges with an integrated ticketing system.

INDUSTRY BUILT

Built for Manufacturers and Distributors

SYSPRO’s ERP solution is meticulously crafted to provide industry-specific functionality tailored to manufacturers and distributors within select sectors where we possess extensive expertise. Leveraging SYSPRO’s industry frameworks for your particular sector enables you to capitalize on best practices, reducing both the time and cost associated with your ERP implementation.

Commerce Connectors

Elevate your customers’ experience, gain greater insight into your business, and drive exponential revenue with a unified commerce platform. The Acumatica Connectors for Amazon, BigCommerce, and Shopify are native interfaces that integrate your eCommerce website with your Acumatica financials, inventory, operations, and reporting – giving you a powerful, comprehensive, real-time platform that will grow with your company.

Construction Management

Acumatica provides a complete, mobile-enabled, cloud-based construction and accounting software solution. This easy-to-use software includes robust financials, job cost accounting, project management, payroll, inventory, order management, service management, equipment management, route optimization, CRM, mobile, and more. Built on the world’s best cloud and mobile technology, it provides a complete, real-time view of your business anytime, anywhere.

Manufacturing Management

Acumatica’s Manufacturing Management Software is a complete, multi-site cloud manufacturing control and planning system that supports multiple manufacturing methodologies, including make-to-stock, make-to-order, engineer-to-order, project-centric, job shop, batch, and repetitive manufacturing.

Inventory Management​

Acumatica’s cloud-based inventory management software helps growing businesses run at the speed of today’s market. The powerful features and born-in-the-cloud architecture empower companies to control system-wide inventory across geographically dispersed locations and drive inventory efficiency without losing sight of costs.

Warehouse Management System​

Acumatica WMS extends Order Management and Inventory Management with barcode scanning for warehouse and inventory transactions. Accurately and efficiently manage your advanced warehouse needs in commerce, wholesale, manufacturing, retail, and other industries.

Distribution

Acumatica Distribution Edition provides unparalleled distribution depth with an extensive suite of connected distribution applications for sales, inventory, purchasing, and warehouse management. Increase sales with opportunity tracking and sales quotes. Reduce carrying costs and eliminate stock-out situations with robust inventory replenishment. Manage omnichannel returns
and exchanges with an integrated ticketing system.

General Business

Designed for companies with limited inventory requirements, Acumatica General Business Edition is the ideal solution for service, non-profit, financial, municipal, and other businesses and organizations seeking a modern ERP application with advanced financial management, project accounting, fixed assets, customer management, payroll, and robust reporting and analysis capabilities. Acumatica provides specialized editions for manufacturers, distributors, retailers, and construction firms.

Review

We take pride in our commitment to monitor and evaluate the effectiveness of our solutions, making real-time adjustments as needed. Your success is always our top priority.

Retail Commerce

Acumatica Distribution Edition provides unparalleled distribution depth with an extensive suite of connected distribution applications for sales, inventory, purchasing, and warehouse management. Increase sales with opportunity tracking and sales quotes. Reduce carrying costs and eliminate stock-out situations with robust inventory replenishment. Manage omnichannel returns and exchanges with an integrated ticketing system.

Construction

Acumatica Construction Edition is a comprehensive,
modern cloud ERP application with built-in CRM and Field Service modules and superior mobile technology that arms construction companies with real-time information through role-based dashboards, powerful business intelligence, and flexible reporting and inquiry capabilities. The user-friendly platform also includes superior compliance management, robust financials, job cost accounting, project and change management, payroll, inventory, and service modules. Dashboard drilldown reports easily identify changes in project scopes, labor, materials, and equipment.

Order Management

No more scrambling across different channels. ShipEdge lets you manage orders from any source – online store, marketplace, even emails – within a single, central location. This simplifies order processing, reduces errors, and keeps your team on the same page.

Warehouse Management

Gain complete control over your stock levels across all your warehouses. ShipEdge provides real-time inventory visibility, eliminating the risk of stockouts or overstocking. You can make informed decisions about purchasing, optimize storage space, and ensure you always have the right products available to fulfill customer orders promptly.

Inventory Management

ShipEdge automates repetitive tasks like order picking, packing, and shipping, freeing up your team to focus on higher-value activities. Say goodbye to manual data entry and hello to a streamlined process that minimizes errors and maximizes efficiency.

Discovery

We begin by thoroughly assessing your current supply chain processes, identifying pain points, and understanding your specific goals and objectives.

Project Plan Development

Based on the assessment, we craft a customized strategy to streamline your supply chain, reduce costs, and enhance overall performance.

Execution

Our team of seasoned supply chain professionals provides expert guidance, working closely with your team to implement strategic changes effectively.

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