Question
Analyse the role of Blockchain technology in SCM. How does it enhance transparency and traceability in global retail operations?
Answer :
Word Count : 459
Blockchain technology has emerged as a transformative tool in supply chain management (SCM), particularly in the retail sector, by addressing long-standing challenges related to transparency, traceability, and efficiency. In traditional retail supply chains, information flows are often fragmented, with multiple intermediaries such as manufacturers, distributors, logistics providers, and retailers handling discrete portions of the process. This fragmentation can lead to inefficiencies, data inconsistencies, and even fraudulent activities, affecting product quality, delivery schedules, and overall customer trust. ______ ____ _______ ______ ______.
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Blockchain technology has emerged as a transformative tool in supply chain management (SCM), particularly in the retail sector, by addressing long-standing challenges related to transparency, traceability, and efficiency. In traditional retail supply chains, information flows are often fragmented, with multiple intermediaries such as manufacturers, distributors, logistics providers, and retailers handling discrete portions of the process. This fragmentation can lead to inefficiencies, data inconsistencies, and even fraudulent activities, affecting product quality, delivery schedules, and overall customer trust. ______ ____ _______ ______ ______.
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