Supply chain optimization involves the strategic adjustment of processes and resources within a supply chain to enhance efficiency, reduce costs, and improve overall performance. This objective includes streamlining procurement, manufacturing, logistics, and delivery activities to meet demand effectively. It aims to achieve a balance between operational expenditure and service levels.
Context
Blockchain technology is increasingly applied to supply chain optimization, offering solutions for enhanced transparency, traceability, and accountability of goods. News articles frequently detail how distributed ledgers can provide immutable records of product origins, certifications, and movement, mitigating fraud and improving consumer trust. The integration of digital assets for payment and smart contracts for automated execution further streamlines these complex global networks.
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