Supply Chain Management Challenges and Solutions for ABC Company

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Added on  2023/03/31

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This report analyzes the supply chain challenges faced by ABC Company, a major fertilizer supplier in Australia. The company struggles with long delivery times, inefficient distribution, and outdated information systems. The analysis identifies issues such as last-mile delivery problems and the need for infrastructure upgrades. The report proposes solutions leveraging blockchain technology to improve transparency, streamline logistics, and enhance data management. Specifically, the report suggests integrating blockchain with transaction processing systems and management information systems to optimize inventory control, sales monitoring, and overall supply chain performance. The report emphasizes the importance of updating information systems and utilizing blockchain to address issues related to data storage, contract agreements, and product tracking. The report concludes by highlighting how the implementation of these technologies can improve efficiency, reduce costs, and increase customer satisfaction for ABC Company.
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Contents
Introduction......................................................................................................................................1
ABC supply chain problem analysis................................................................................................1
Solution to problems........................................................................................................................2
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Introduction
In the dynamic environment, most of the businesses are dealing with different types of
challenges that are linked with the supply chain management. In many industries, this has been
found that supply chain has become cumbersome. It takes a lot of the time to complete the
payments between the manufacturers and suppliers or among the clients as well as vendor. It has
been found further that agreement majorly for the contracts lead to the demand for the attention
of bankers and the lawyers that lead to the delay as well as the additional costs. In the supply
chain management, it becomes problematic to track the products. Considering the fact sheet, it
has been found that ABC Company is considered as one of the major suppliers of the fertilizer
on the sector of agriculture present in the market of Australia. This organisation is able to
operating their business operations for over than 80 years and since them the supply chain of
ABC is dealing with some issues.
ABC supply chain problem analysis
It has been found that analysis of the problems linked with the supply chain ABC that is big
company with the multitudinous customers at its service. At the same time, this has been found
that distribution sector of the company is not effective as there is issue of the long delivery time
which occurs due to the last mile delivery issue present within the company. ABC Company
identifies the issues due to inadequacy of structures that can provide assistance to the quick as
well as the cost effective delivery.1 Although, it has been found that most of the customers need
the fast delivery and at the same time, they are not willing to pay the high process for the
1 Jabbari, Arman, and Philip Kaminsky. "Blockchain and Supply Chain Management." (2018).
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product. Thus, considering the issue the company should follow a way through which they can
do the fast delivery of the product at the affordable price.
In addition, this has been found present supply chain management at ABC Company consists of
the deadly courses that comprises of information system that are currently connected with
scheduled reports. Further, outdate hardware as well as the communication infrastructure,
rescheduled deliveries among the others. The urgent attention is required on these issues as they
can negatively affect the working of the company. The company ABC can resolve these issues in
different ways. The company ABC can manage the problem effectively with the usage of the
blockchain expertise in current innovation as it supports the company. Although, the issue is
related to the different out-dated material might not be recognized by technology as it essential to
upgrade IS. The issue of company related to the monthly report as well as spread sheet data can
be fixed with support of blockchain technology. The answer to problems of ABC Company has
been given below –
Solution to problems
In the dynamic environment, it is very essential for the companies to resolve the issues of the
supply chain management. The use of blockchain technology is one of the effective way through
which the issue of the long time delivery in the supply chain can be resolved. It is determined
that blockchain technology allows the frictionless and logistics that remains error free due to
which they need to ensure the smooth flow of tangible products at the minimum cost. 2
Blockchain technology is one of the updated technologies that help the company to improve the
transparency for the operations of company. In addition to this, it has been found that entire
2 Shrier, David, Weige Wu, and Alex Pentland. "Blockchain & infrastructure (identity, data
security)." Massachusetts Institute of Technology-Connection Science 1, no. 3 (2016).
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Supply Chain 4
features of this technology provide the convincing factors that all the issues that are available in
the organisation are easy to resolve by ABC Company.
The technology of blockchain is good at keeping the records and managing the spreadsheet as it
is distributed database that keeps the records of all digital information. To deal with the issues of
the data storage within the ABC organisation, they apply the blockchain technology that makes it
tamper free for them. 3 This technology allows the users to add or review the detailed statistics
that cannot change and delete in the particular manner. In addition, it has been found that
technology of the blockchain allows the companies in any form of the agreement, tracking of the
process or can bring the improvement in entire operations. 4
The blockchain technology is effective for the ABC companies as they can contribute in
improving the value chain. Thus, this technology of blockchain contributes in offering the
reliable solution related to the problems. It has been found that presently there is need to upgrade
as well as trend the information system as this is the only way through which technology will
offer the best solution.
Adding value to it, the integrations of transaction processing system, an information system with
the blockchain technology helps in managing the issues of ABC Company. TPS Information
system is one of the major systems that are used in order to register day-to-day operations. TPS
with blockchain lead to the point of sale system that allows the ABC Company to record the
regular sales through that manager of the company can take the corrective steps to reduce the
errors. Moreover, the ABC organisation can make use of stock control system as it assists them
3 Pilkington, Marc. "11 Blockchain technology: principles and applications." Research handbook on digital
transformations225 (2016).
4 Wampler, Jason, and Garrett Payer. Blockchain for High Performance Data Integrity and Provenance. No. DOE-
INCA-17238. Innovative Networking and Communications Associates, Inc., Accident, MD, 2018.
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in keep the level of inventory on track as it becomes effective to deliver the product to customers
on time and leads to rise in satisfaction of consumer.
Moreover, the improvement in the poor distribution system is essential to be considered by the
company in the supply chain management. The management information system along with the
block chain technology will remain effective as the managers of the company can easily monitor
the performance of companies. This system of MIS remains effective for managing the sales that
helps manager to enhance the distribution of product. 5 Along with it, ABC Company take the
permission for the companies for the overall welfare of personnel and their turnover that assist
manager to the employees who are engaged in assorted supply of the goods and services.
5 Laudon, Kenneth C., and Jane P. Laudon. Management information system. Pearson Education India, 2016.
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Bibliography
Jabbari, Arman, and Philip Kaminsky. "Blockchain and Supply Chain Management." (2018).
Laudon, Kenneth C., and Jane P. Laudon. Management information system. Pearson Education
India, 2016.
Pilkington, Marc. "11 Blockchain technology: principles and applications." Research handbook
on digital transformations225 (2016).
Shrier, David, Weige Wu, and Alex Pentland. "Blockchain & infrastructure (identity, data
security)." Massachusetts Institute of Technology-Connection Science 1, no. 3 (2016).
Wampler, Jason, and Garrett Payer. Blockchain for High Performance Data Integrity and
Provenance. No. DOE-INCA-17238. Innovative Networking and Communications
Associates, Inc., Accident, MD, 2018.
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