DIGITAL SUPPLY CHAIN WITH BLOCKCHAIN
- 1. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. Digital Supply chain with Blockchain Invovle2023 Viswanadh Akella CEO SimplyFISofTechIndia Private Limited
- 2. Disruption in Manufacturing Is Accelerating Companies must move fast to thrive Industry 4.0 Pace of Innovation New Business Models Globalization Hyper connectivity is improving quality, efficiencies, and opening new opportuni ti e s More than ever it is challenging to keep up with rapid innovations in products, services, capabilities, and processes New digital capabilities are enabling creative service and business models for increasing revenue and customer satisfaction Companies must adapt to increasing and diverse compliance, accounting, sustainability, and competitive pressures New technologies are serving as both disruptors and catalysts for significant industry change
- 3. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly Digital Supply Chain Brings Benefits to the Enterprise Accelerate Innovation Reduce Time- to-Market Maximize Productivity and Efficiency Reduce Costs Improve Customer Satisfaction 3x 20% 30% - 50% 20%- 50% 8% Return on Innovation Reduction in Time to Market Increase Forecast Accuracy Decrease Scrap and Rework Increase in on Time Delivery
- 4. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. For TRUSTED SHARING OF TRANSACTION INFORMATION automation All participants have tamper-resistant copy of the ledger Participants can easily validate information in the ledger Privacy and confidentiality features control who can access what info Without blockchain, information flows linearly, making visibility hard for everyone Chaincode / smart contracts enable custom business logic and process For TRUSTED SHARING OF TRANSACTION INFORMATION Plant 2 Plant 1 Supplier Hospital Distributor Manufacturer
- 5. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly Tamper-Proof Non-Refutable Records Decentralized Smart Contract All parties maintainencrypted records of transactions Altering would require overriding the whole distributed network Data stored across network and not centrally Better Security and availability: No centralized point of vulnerability Set of embedded rules agreed by the parties for interaction Smart code facilitates, verifies and enforces the negotiation of an agreement or transaction Key Features of Blockchain
- 6. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly High transaction costs Limited visibility of the products Monitoring counterfeits and quality of products • • • • • Current supply chain transaction costs are high due to multiple ecosystem partners. Due to shorter product life cycle, any variation or delay has high transaction cost. Difficult to track and trace counterfeit parts, country of origin and identifying conflict minerals. non-compliance is very high. Difficult to implement effective supply chain compliance program across multiple partners. Gaps exist between systems within and across enterprise boundaries. • • • Regulatory compliance requirements are country specific and cost of EDI and XML messaging are often out of sync and move data only one stop down the supply chain. Limited automation of ascertaining product quality in transit and taking proactive actions. Meeting compliance requirements Why Blockchain for Digital Supply Chain?
- 7. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly Supplier A Supplier B Manufacturer (Mexico) Supply Chain Management OEM (USA) Enterprise Resource Planning • • • • • • • • • • • • Certificates of origin Batch numbers Processing dates Shipment dates Certificates of origin Batch numbers Processing dates Shipment dates Smart Contracts: Shipment date Order number Shipment date Order number - - • Quality checks for suppliers against specifications Automatic release of shipment after checks pass Smart Contracts: -Check supply chain Certificates of Origin for authenticity of parts -Automatic release of product from inventory to shelves after checks pass (India) (Germany) Our Product: Blockchain for Supply Chain Increased transparency, automation, and compliance
- 8. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly You’re Not Alone: The Supply Chain Planning Credibility Gap say those processes are ineffective within their organizations* say demand management processes are important to decision-making of companies use integrated business planning tools** of CEOs want to meet customer expectations by utilizing advanced internal capabilities say those processes are ineffective within their organizations* say sales and operations planning (S&OP) processes support better decisions Supply Planning Demand Management Sales and Operations Planning 92% 44% 90% 48% 56% 96% *Aberdeen Report, 2013 *Supply Chain Insights, **PwC, Practice Theory
- 9. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly The Digitally Connected Enterprise Digital Thread Digital Thread Product Usage Data Track and Detect Asset Monitoring Remote Diagnostics Production Monitoring Real Time Analytics Fleet Monitoring Predictive Models Digital Field Service CONNECTED DIGITAL INNOVATION Voice of the Digital Twin LEAD TO CASH FOR THE DIGITAL AGE DIGITAL SUPPLY CHAIN Voice of the Factory CONNECTED SMART FACTORY Voice of the Product DIGITAL LOGISTICS CONNECTED DIGITAL SERVICE Voice of the Customer
- 10. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly Our Products
- 11. o9 Solutions, Inc. Confidential and Proprietary.Any unauthorized use, reproduction or distribution is strictly prohibited. o9 Solutions, Inc. Confidential and Proprietary. prohibited. Any unauthorized use, reproduction or distribution is strictly The platform Validates consistency of data between trade documents and verifies extracted data against universally accepted LC terms An Invoice Discounting platform that allows SMEs to get SIMBA INVOIZO Document Automation platform Invoice Discounting Platform immediate advances on trade receivables PRODUCT PORTFOLIO