Blockchain Technology in Supply Chain Management: A Case Study in Purchasing Efficiency

Thesis Abstract

Abstract
Blockchain technology has emerged as a transformative tool in various industries, promising increased efficiency, transparency, and security. This thesis investigates the application of blockchain technology in supply chain management, with a specific focus on purchasing efficiency. The research conducts a case study to evaluate the impact of implementing blockchain in a supply chain context, aiming to identify the benefits, challenges, and implications for purchasing processes. The study begins with an exploration of the theoretical background of blockchain technology, supply chain management, and purchasing practices. By examining the current state of the industry and the potential benefits of blockchain adoption, the research sets the stage for a comprehensive analysis of the case study. Through a mixed-methods approach, combining qualitative interviews with key stakeholders and quantitative data analysis, the research delves into the real-world application of blockchain in supply chain purchasing. Key themes such as data integrity, transaction transparency, smart contracts, and supply chain traceability are explored to assess the tangible impacts of blockchain technology. The findings reveal a range of benefits associated with implementing blockchain in purchasing processes, including increased efficiency, reduced transaction costs, enhanced trust among supply chain partners, and improved data security. However, the study also uncovers challenges related to implementation costs, scalability issues, regulatory concerns, and the need for industry-wide standardization. Based on the analysis of the case study findings, the research provides actionable recommendations for organizations looking to adopt blockchain technology in their supply chain purchasing operations. These recommendations cover aspects such as strategic planning, stakeholder engagement, technology integration, and risk management strategies. In conclusion, this thesis contributes to the growing body of research on blockchain technology in supply chain management by offering empirical insights into its application in purchasing efficiency. The study underscores the potential of blockchain to revolutionize traditional supply chain practices and highlights the importance of strategic planning and collaboration for successful implementation. By addressing both the opportunities and challenges of blockchain adoption, this research aims to inform and guide organizations seeking to leverage this innovative technology for enhanced supply chain performance.