Client Overview
The client is one of EU’s largest car parts wholesaler and dealer. This one-stop-shop provides breaks, wheel bearings, steering and suspension parts, covering 29k+ different items for almost all car brands and models in all of European countries.
Our engagement was to implement Blockchain based solution with Smart contracts for auto part supply chain that support various interactions between different participants. These participants are: suppliers, manufacturers, distributors, retailers and customers.
Business Challenge
A part of the client’s work involved interactions with many individuals belonging to the internal and external environment. They wanted smooth communication and transaction between different participants including suppliers, manufacturers, distributors, retailers, and customers.
Solution Highlights
Summary of interactions supported by the Auto Parts Supply solution:
Supplier to Manufacturer: Include interactions for order placed by Manufacturer to Supplier to supply raw-materials. It also supports order specific transaction states such as “Shipped”, “Received & In Verification”, “Verified & Accepted” and finally “Close” after payment received.
Manufacturer to Distributor: Include interactions for order placed by Distributor to Manufacturer for Asset (e.g. Tire). It supports order transaction states such as “Place an Order”, “Shipped”, “Received and In Verification”, “Verified and Accepted” and “Close” after receiving payment.
Distributor to Retailer: Include interactions for order placed by Retailer to Distributor. It supports order transactions states such as “Shipped”, “Received and In Verification”, “Verified and Accepted” and “Close” after receiving payment.
Retailer to Customer: Include interactions for order placed by Customer to Retailer (e.g. Garage). Once the order is delivered to Customer, order status will be changed to “Delivered” after receiving the payment.
Benefits
The customer was able to achieve significant efficiency and value in its business related processes, and derived the following benefits:
- Automated the order status during the entire auto part supply chain management
- Real-time order status has been incorporated for parts
- Enhanced customer experience with better interaction
- Safe, secure, smooth and transparent system
- 53% increase in revenue
- Timely payments
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