economic order quantity (EOQ) inventory management
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Smart Supply Chain Inventory Management Using Blockchain Technology
Abstract: This study examines the significant potential of blockchain technology in enhancing smart supply chain inventory management. It tackles ongoing issues like inconsistent inventory records, data update delays, and high operational costs due to manual processes and the involvement of intermediaries. Blockchain uses a decentralized and immutable ledger to provide all participants in the supply chain with real-time access to accurate data, promoting transparency and reducing discrepancies. The research emphasizes the …
Published in Journal of Advanced Database Management & Systems · Vol. 12, Issue 1, 2025 · pp. 1–6 Read article