Application of Blockchain Technology in Supply Chain Management: A Case Study in Purchasing and Inventory Control

Thesis Abstract

The abstract for the thesis on "Application of Blockchain Technology in Supply Chain Management A Case Study in Purchasing and Inventory Control" is as follows Supply chain management plays a crucial role in the success of businesses by ensuring efficient procurement, inventory control, and overall operational effectiveness. With the advancement of technology, the integration of blockchain technology has emerged as a promising solution to enhance transparency, security, and traceability within supply chains. This thesis explores the application of blockchain technology in supply chain management, with a specific focus on purchasing and inventory control processes. The introduction delves into the background of the study, highlighting the significance of blockchain technology in transforming traditional supply chain practices. The problem statement identifies existing challenges in supply chain management, such as lack of transparency, trust issues, and inefficiencies in inventory control. The objectives of the study aim to investigate how blockchain technology can address these challenges and improve purchasing and inventory management practices. The literature review chapter comprises ten critical discussions on the role of blockchain in supply chain management, including its benefits, challenges, and successful implementation strategies. These discussions provide a comprehensive understanding of the current state of blockchain technology in the context of supply chain management. The research methodology chapter outlines the research design, data collection methods, sampling techniques, and data analysis procedures employed in the study. This chapter includes eight detailed sections that guide the implementation of the research study, ensuring the reliability and validity of the findings. The discussion of findings chapter presents an in-depth analysis of the data collected during the case study on the application of blockchain technology in purchasing and inventory control. This chapter explores the impact of blockchain on supply chain transparency, security, and operational efficiency, drawing insights from the case study findings. Finally, the conclusion and summary chapter provide a comprehensive overview of the research findings, highlighting the implications of implementing blockchain technology in supply chain management. The conclusion emphasizes the significance of blockchain technology in revolutionizing traditional supply chain practices and offers recommendations for future research and practical implications for businesses. In summary, this thesis contributes to the growing body of knowledge on blockchain technology applications in supply chain management, specifically in the context of purchasing and inventory control. The findings of this study offer valuable insights for businesses seeking to leverage blockchain technology to enhance transparency, security, and efficiency in their supply chain operations.