Improving Vendor-managed Inventory Strategy Based on Internet of Things (IoT) Applications and Blockchain Technology

Thomas K. Dasaklis, Fran Casino
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引用次数: 31

Abstract

Vendor-managed inventory (VMI) is a widely used collaborative inventory management policy in which manufacturers/vendors manage the inventory of retailers and take responsibility for making decisions related to the timing and extent of inventory replenishment. There exist several prerequisites for a successful VMI strategy implementation like information sharing, trust, systems integration and long-term collaboration. However, in nowadays logistics flows, complex processes, high number of participants and complex distribution channels impede the successful adoption of VMI strategies. In this paper, we propose a new interaction framework based on smart contracts and blockchain for governing the relationship between the vendor and the buyer. A use-case VMI scenario is presented along with a functional smart contract. Tests performed using a local private blockchain illustrate the applicability of the proposed architecture along with the significant benefits for each participant.
基于物联网(IoT)应用和区块链技术改进供应商管理库存策略
供应商管理库存(VMI)是一种广泛使用的协同库存管理策略,其中制造商/供应商管理零售商的库存,并负责制定与库存补充的时间和程度相关的决策。成功实施VMI战略有几个先决条件,如信息共享、信任、系统集成和长期协作。然而,在当今的物流流中,复杂的过程,大量的参与者和复杂的分销渠道阻碍了VMI战略的成功采用。在本文中,我们提出了一个基于智能合约和区块链的新的交互框架,用于管理供应商和买方之间的关系。用例VMI场景与功能智能合约一起呈现。使用本地私有区块链进行的测试说明了拟议架构的适用性以及每个参与者的显着好处。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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