What is Smart Supply Chain

Blockchains track the complete product information, avert the entry of bogus products into the market, and share information amongst various entities to optimize the decision-making process. In the process of doing this, IoT sensors gather and monitor the information of entities, such as logistics, specifications, affiliation, and value. The distributed network nodes monitor the composed data and produce a real-time package for communicating. The received package will be used to analyse the behaviours of vehicles. The process of sharing will be recorded on a “CSP.” Retailers, distributors, transporters, and suppliers can retrieve the “CSP” for access to the information associated with them. After successful authentication, entities will get the information they need.

Instrumented, interconnected and intelligent SCs with unprecedented levels of integrity and collaboration across multiple SC partners to generate flawless information flow and decision making.

An opposite model of linear supply chain, which uses digital technologies. Supply chain analytics and big data to manage efficiently the supply chain processes towards sustainability and efficiency.

Instrumented, interconnected and intelligent SCs with unprecedented levels of integrity and collaboration across multiple SC partners to generate flawless information flow and decision making.

New supply chains that have become smart with the inclusion of industry 4.0 components in traditional supply chain processes.