Hello everyone, this is TEMCO!
TEMCO can help everyone in the supply chain process to receive satisfaction.
TEMCO is planning on making direct connection between the manufacturers, distributors, and consumers. TEMCO conceptualized, not only a system for product purchase through TEMCO market, but a vendor verification system, a basis for storing and checking the data, a review and evaluation system, and Big Data analysis tool to analyze data.
Vendor Verification System
Through the vendor application, vendors are verified according to business registration, factory registration, ID, etc. TEMCO operates vendor verification systems for manufacturers, warehouses, and distributors.
Consumers can check detailed and accurate information about the suppliers through the consumer application provide by TEMCO and find out which transporting company delivered the purchased product. Only the verified suppliers can use supply solution service provided by TEMCO to communicate with the consumers.
Supply Chain Information and the Storage Process
The manufacturer can transfer products to the warehouse and then request for approval of transfer. Companies that are registered through the vendor verification system can store supply information through smart tagging.
So, when the manufacturer sends out the product(s), through the transporting company, the transporting company must confirm the status of the product by scanning the tagged the QR code or the RFID on the product and the information about the status of the product is saved into the blockchain. Then the company at the receiving end, such as the warehouse or the retail has to scan the QR code or RFID on the product to confirm the product’s status to check whether it is same condition as before it arrived or at least within the limitation of what is expected condition, by scanning the QR code. If the product requested is transported properly, it gets verified through an application and gets accepted.
Smart tagging and data verification are completed through smart contract, as the managing companies of the product change, and the supply information is stored into the blockchain in real time.
Consumer’s Confirmation of Supply Chain Information
Not only the temperature, delivery route etc. the consumer can check how the products are delivered, stored and maintained by which managing company starting from the manufacturer to the final consumer in detail. Consumers can check, and review supply related information harvested through smart contract on the application at anywhere and at anytime.
Consumer Reviews and Product Ranking System
Ratings can include satisfaction rate, review and more, TEMCO will reveal the rankings of the manufacturing companies based on consumer ratings throughout each specific time. A consumer can rate the manufacturer, after purchasing the product, through TEMCO application.
TEMCO Market
Ratings of the manufacturers based on the review system is connected to TEMCO market as well. The TEMCO market acting as a “hub”, connecting everyone in the supply chain network.
The Information about the products and services of the manufacturers and distributors which has been verified through the vendor verification can be registered into the TEMCO market, and the consumers can purchase products from these verified manufacturers and distributors above in TEMCO market, using TEMCO token.
TEMCO will continue to think and innovate for the development of better supply/distribution ecosystem. At this time, we have discussed about TEMCO’s operation cycle and its main characteristics. We will bring more exciting story on the next time.
