Thesis Abstract

Abstract
Blockchain technology has emerged as a transformative tool with the potential to revolutionize various industries, including supply chain management. This thesis explores the application of blockchain technology in enhancing supply chain management processes, with a specific focus on the purchasing process. The study presents a detailed case study to investigate how blockchain can address existing challenges and improve efficiency, transparency, and security in the purchasing process. The research begins with an introduction that highlights the significance of blockchain technology in supply chain management and sets the context for the study. A comprehensive background of the study provides an overview of blockchain technology, supply chain management, and the specific challenges faced in the purchasing process. The problem statement identifies the gaps and limitations in current purchasing practices and emphasizes the need for innovative solutions. The objectives of the study are to assess the feasibility and benefits of implementing blockchain technology in the purchasing process, analyze its impact on supply chain efficiency, and evaluate the potential challenges and limitations. The research methodology section outlines the approach taken, including data collection methods, case study design, and analysis techniques. A thorough literature review explores existing research and theoretical frameworks related to blockchain technology, supply chain management, and purchasing processes. The discussion of findings chapter presents the results of the case study analysis, highlighting the practical implications of implementing blockchain technology in the purchasing process. Key findings include improved traceability, reduced fraud, enhanced data security, and streamlined transactions. The conclusion and summary chapter provide a synthesis of the research findings, discussing the implications for practice and future research directions. The study contributes to the existing body of knowledge by demonstrating the tangible benefits of blockchain technology in enhancing supply chain management, particularly in the context of the purchasing process. Overall, this thesis serves as a valuable resource for practitioners, academics, and policymakers seeking to leverage blockchain technology to optimize supply chain operations.

Thesis Overview

The project titled "Application of Blockchain Technology in Supply Chain Management: A Case Study in the Purchasing Process" aims to explore the potential benefits and challenges associated with the integration of blockchain technology in supply chain management, specifically focusing on the purchasing process. This research overview provides a comprehensive explanation of the project, highlighting the significance and relevance of the study. In recent years, blockchain technology has gained significant attention across various industries due to its potential to revolutionize traditional business processes. In the context of supply chain management, blockchain offers a decentralized and transparent platform for recording and verifying transactions, enabling secure and efficient data sharing among supply chain partners. By leveraging blockchain technology, organizations can enhance the traceability, transparency, and security of their supply chains, ultimately leading to improved efficiency and reduced operational costs. The purchasing process plays a critical role in supply chain management, involving various stakeholders such as suppliers, manufacturers, distributors, and customers. However, traditional purchasing processes are often plagued by inefficiencies, inaccuracies, and lack of transparency, leading to delays, errors, and disputes. By applying blockchain technology to the purchasing process, organizations can streamline operations, eliminate intermediaries, and enhance trust and accountability among supply chain participants. This research project aims to investigate the practical implications of implementing blockchain technology in the purchasing process within a supply chain management context. By conducting a detailed case study and analysis, the study will evaluate the impact of blockchain on key aspects of the purchasing process, including order placement, payment processing, inventory management, and contract execution. Through a comprehensive examination of real-world challenges and opportunities, the research seeks to provide valuable insights and recommendations for organizations looking to adopt blockchain technology in their supply chain operations. Key objectives of the study include: 1. Assessing the current state of the purchasing process in supply chain management. 2. Exploring the theoretical foundations and practical applications of blockchain technology in supply chain management. 3. Analyzing the potential benefits and challenges of integrating blockchain in the purchasing process. 4. Investigating the impact of blockchain on supply chain transparency, security, and efficiency. 5. Providing recommendations for effective implementation and adoption of blockchain technology in supply chain purchasing processes. By addressing these objectives, the research aims to contribute to the existing body of knowledge on blockchain technology and supply chain management, offering valuable insights for practitioners, researchers, and policymakers. Through a rigorous analysis of the case study findings and research outcomes, this project seeks to advance understanding of the transformative potential of blockchain technology in optimizing supply chain processes and driving sustainable business growth.