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Comprehensive Analysis of Procurement Problem Using Block Chain, IoT and Cloud
Comprehensive Analysis of Procurement Problem Using Block Chain, IoT and Cloud
S
Technology Business Vendor
Problem Statement Recommendation
Solution Plan Selection
Case Analysis
Expense is about 89% of Inefficient
Groups revenue up by 16% yet the food SCM &
and insurance business are not performing its revenue. Increased
well Expenses Vendor
13% Revenue increased by 12%
Expense increased by 13%
Selection
With the launch of 3 new cereals Tasty
Pasta, Choco Cereal and Meat Nuggets and a In APAC,
online store Elentra Mart, Elentra foods New product contributes Lack of
register marginal increase in gross profit : 18.8% while its overall Technical
Profit increased by only 3% 105% cost to revenue is 105% Innovation
Major Pain Points : Increased auditing cost For rest of the region is
for new supplier, product recall in APAC due 91% for NA and 81% for
customer
to quality issue and brand image turnishing EMEA.
complain
handling
For % calc: check appendix
Problem Technology Business Vendor
Recommendation
Statement Solution Plan Selection
Increase
IoT product
(Digitalisati life =
Resolve
on) GPS + Usage of Raw GPS + GPS +
Weight Check stale
GPS + Weight GPS+ Cold Storage RFID Tag+ Bar
productTemperature+ material/ Item Temperature+ Temperature+
Cold Storage+ Check Cold Storage+ sealed container+ Code
and quality + Cold Storage+
Sealed Container Performance Sealed Container RFID
Sealed Container
Block Chain
Vendors on boarded for raw material supply needs to fulfil S Vendor Selection Process
qualification criteria and qualify companys certified vendor criteria
Certified
GPS + RFID Vendor
Selection
Cold Storage +
Sealed Prescriptive
Container Analytics
packaging
Integrated ERP
Block Chain
IoT tracking
Database
Foods Insurance Pharma Chemical Total % share of food on total product line Last Year Food
Gross Revenue 53739 19800 17933 8290 99762 54% 47981.25 Revenue
5241.7475
EBITDA 5399 4205 6133 1162 16899 32% 73 EBITDA
Y-o-Y % change in EBITDA 3.00% -5% 14% 23%
COGS
Depreciation 48340 15595 11800 7128 82863 42739.50 Expense
Salaries % of
Rents and utilities 0.890754 revenue
SGA
Cost as % of revenue 89.95% 78.76% 65.80% 85.98% 58.34%
Increase in Cost than last year
13%