The manufacturing sector, which has made a truly remarkable comeback throughout the globe, has an exciting future. Blockchain technology not only promises to bring lucrative opportunities to manufacturers—but

As a byproduct of globalization, supply chains are becoming increasingly complex and difficult to manage. Problems including intellectual property theft, counterfeit products, noncompliance, and product

Before seeing how blockchain can help increase inventory data accuracy for manufacturers and distributors, we need to first understand how data inaccuracies hurts business and what causes these inaccuracies.

Blockchain technology holds a lot of promise for businesses and supply chains looking to increase efficiency and reduce costs. With the effects of globalization, supply chains have become complex - and

Supply chains are grappling with business problems that are not easily solvable without increasing transparency and efficiency. Using a distributed ledger is emerging as one of the best ways to solve these

Blockchain Technology Increases Accountability for All Supply Chain Participants Blockchain technology is emerging as the right solution to solve problems with supply chain transparency or lack thereof.

Order picking is when warehouse employees pick items off the shelves to fulfill individual customer orders. Although it sounds simple on the surface, order picking is highly labor-intensive and very costly.

A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer (Source: supplychaincanada.org). In commerce,

In today's globalized industrial landscape, it is as important as ever for warehouses to be as efficient as possible. However, there are several factors that warehouses struggle with in terms of maximizing

Intellectual capital is the intangible value of a business, covering its people (human capital), the value relating to its relationships (relational capital), and everything that is left when the employees

Any entrepreneur can come up with a great product idea. But does any entrepreneur have the financial resources and legal clout to protect their idea if it does gain traction in a large market? Hardly.

Smart contracts have features that can be leveraged for a wide range of vital automated processes. Beside the hundreds of applications of smart contracts, asset traceability is a unique feature of this

Companies tend to be reactive with inventory planning and responding to consumer demand. Even while they could "guess" that demand would spike during the holiday season, they would have no way

As one of the oldest industries in human history, manufacturing is the most vital component of modern day commerce. With the advances in cyber-physical systems, traditional manufacturing techniques and

Lack of Supply Chain Visibility Costs Manufacturers Millions Without seeing how products, parts, and materials move through the supply chain in real-time, small and seemingly innocuous errors may potentially

CERTAINTY 1: Blockchain will not be a footnote in the history of technology In many fields, blockchain technology is still in its infancy. However, due to the degree of adoption blockchain has gotten within

Developing a new technology is both complicated and expensive. In most cases, innovators spend decades working on a single concept that might not even be commercially viable. Big companies have the financial

For machines to talk to each other without manual intervention or human intermediaries, they need to be connected to the cloud or a network. This means that they need a software component that interlinks

To manage manufacturing processes that turn raw materials into final products, production orders are used to streamline these processes in the manufacturing industry. The production of a particular product

To manage manufacturing processes that turn raw materials into final products, production orders are used to streamline these processes in the manufacturing industry. The production of a particular product