26 Oct Unit 2_MT437_Discussion response
13738Respond or elaborate on the discussion post below:
Timley and accurate information is critical for Supply Chains because you have to have the most up to date information to make the decisions needed to keep the chain moving in the most efficient manner. (Zaki, 2024) When you have the best information possible, you are able to make decisions in the moment rather than make a choice based on old information which could cost money in the long run. (Zaki, 2024)
Challenges are faced by every company when beginning to implement new modules. Integration is always a challenge because companies often do not want to lose things they have already paid for, while paying morefor newer and more up to date polices and procedures. (Rickerby, 2025) Notable challenges are often cost, rising inflation, lack of buy in from staff/management, and the ever changing landscape. (Rickerby, 2025)
Blockchain is anything but traditional, and according to Kumar et al., blockchain nhances security, transparency, and efficiency through tamper-proofed records.
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It transforms industries like transportation, manufacturing, food, and healthcare by making them more efficient and accountable.
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Blockchain improves traceability and provenance throughout complex supply chains.
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It addresses problems like counterfeiting, managing suppliers, and sustainable sourcing.
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