Blockchain Based Inventory Management

Blockchain Based Inventory Management

Blockchain Based Inventory ManagementAs one of the market leaders in designing and developing custom solutions with Blockchain-based Inventory Management, Alta Futruris Blockchain development team can enable brands and manufacturers to connect each party in the value chain — from suppliers and production units, to distribution centers and retail partners — with a comprehensive and permanent record of all transactions that takes place. Such records are stored and accessible to everyone within the network. This extent of transparency and traceability from the custom solution developed by Alta Futuris is extremely valuable for manufacturers that needs to manage product sources, traceability, recalls and even perishable goods that have a limited shelf life.

Transparency is One of main feature of custom solution from Blockchain-based Inventory Management as the Manufacturers can thereby gain instant visibility into consumer-level demand — something they could not achieve before. The underlining attribute of Blockchain for such feature as the data flows seamlessly between parties in real time. The manufacturers can finetune forecast demand and proactively plan for manufacturing and replenishment, rather than simply react to stockouts. Such feature in custom solution in inventory management using Blockchain can optimize revenue and profitability, while eliminating the potential for lost sales and carrying costs.