Infosys Supply Chain Distributed Application enables end to end visibility and tracking for inbound logistics, outbound logistics and distribution across a typical supply chain. Various stakeholders in a supply chain would benefit from a single source of information and documentation being exchanged in real time leading to improved provenance, more control on forecasting and better accountability.
This distributed application is designed as an industry agnostic business accelerator to support and track multiple assets, and has configurable workflows that can be contextualized rapidly to suit various types of supply chain stakeholders and processes. The underlying nodes of this blockchain network provide API touchpoints to integrate with existing applications, IoT sensors and other emerging technologies.
Infosys Supply Chain Distributed Application provides a pre-configured blockchain powered network for various upstream and downstream stakeholders of a supply chain (such as small holders, local aggregators, warehouses, suppliers, manufacturers, distributors and logistics players) to facilitate various supply chain functions in a more transparent and efficient manner. This application provides features in the areas of planning and procurement, certifications and audits, and end to end shipment tracking. This distributed application comes with integration adaptors in order to allow nodes on the network to send and receive transactions from existing applications and ERP systems, thus acting as a connected conduit layer that complements the value chain. In addition, this application also captures feed from IoT devices and intelligently links them to business transactions for an integrated and trusted view of chain of custody.
Single view of digitized artifacts is available on the network and is securely accessed by stakeholders based on appropriate permissions. Documents are intelligently linked to relevant transactions thus providing an integrated view across organizations. This significantly reduces reconciliation efforts, while ensuring privacy concerns are also addressed.
Adaptors for ERP applications ensure that stakeholders have near real-time view of inventory and already captured business transactions. Smart contracts can trigger replenishment orders based on configured low stock levels, thus improving procurement cycle time.
Automated monitoring of processes and ambient conditions through integrated IoT devices ensure transactions cannot be tampered with during subsequent stages of value chain. Consumers have access to these irrefutable details around source, process and custody of the product purchased by scanning QR code on mobile app.
Smart contracts deployed on the network refer appropriate contractual terms and validate it against actual order fulfilment to compute accurate invoices. This improves payments process by automatically matching purchase orders, goods received and invoices, and provides real-time transparency to concerned departments.